10th of ramadan city: Minister of Investment and Foreign Trade, Mohamed Farid emphasized on Monday, September 21, 2026, the importance of supporting existing investments and maximizing the utilization of available production capacities to boost local production, manufacturing, and job creation, highlighting the need to increase exports from existing companies and open new markets for Egyptian products.

According to State Information Service Egypt, this statement was made during the minister's inspection of the ECPC-Consolis prestressed concrete factory in 10th of Ramadan City. The event was attended by Khaled Hashem, Minister of Industry; Eric Chevallier, French Ambassador to Egypt; Ahmed Serry, Managing Director of the Egyptian Company for Prestressed Concrete; and other senior officials.

During the visit, the minister reviewed a presentation detailing the company's activities and manufacturing capabilities. He also inspected the laboratory and observed the production stages of prestressed concrete pipes, concrete segments used in the subway system, and several other concrete products.

The government remains committed to facilitating operations for investors, enhancing coordination among relevant authorities to address corporate challenges, supporting export procedures, and easing access to foreign markets, Farid highlighted.

Serry expressed the company's pride in collaborating with government entities and development partners in Egypt. He noted that achievements over the past years reflect mutual trust and a shared commitment to supporting state plans for sustainable development and infrastructure growth.

He further mentioned that the company continues to focus on enhancing local manufacturing, technology transfer, and upskilling Egyptian personnel to provide advanced engineering solutions that support national projects and align with state investment and development targets.

ECPC, a joint Egyptian-French investment, has current investments reaching approximately $20 million, employs 816 workers, and utilizes a local component rate of around 98%.

The visit concluded with discussions on ways to maximize current production capacities, boost company exports, streamline logistics, facilitate access to international markets, and promote Egyptian products globally.