Cairo: Minister of Investment and Foreign Trade Mohamed Farid Saleh underlined the need to strengthen cooperation with the Federation of Egyptian Industries (FEI) to support the national industry, boost production and enhance the competitiveness of the national economy.

According to State Information Service Egypt, Minister Saleh met with FEI Chairman Mohamed Zaki el Sewedy to discuss ways to promote joint efforts to support the industrial sector and strengthen Egypt's economic competitiveness. The minister emphasized the importance of closer coordination between the ministry and the federation to improve the investment climate, stimulate industrial production, and increase Egyptian exports in global markets.

The meeting also addressed ways to improve the business environment, tackle challenges facing investors and manufacturers, support supply chains, and deepen local manufacturing to achieve sustainable economic development. Both sides explored a proposal to study the establishment of specialized investment funds aimed at financing industrial projects and providing sustainable funding to help factories expand and increase production.