There are presidential directives to study and approve stimulatory packages to support strategic industries locally in a way that contributes to magnifying productive capabilities and increasing exports to world markets, said Minister of Finance Mohamed Maait on Tuesday.

Addressing a symposium organized by the Egyptian-Lebanese Businessmen Friendship Association, the minister said the government believes that the private sector is the locomotive of economic growth by which one million job opportunities can be created for fresh graduates.

President Abdel Fattah El Sisi managed to lead an unprecedented development march contributing to luring more local and international investments, said the minister, pointing out that the state provided strong infrastructure capable of meeting all investment requirements including energy which is needed in operating factories.

Source: State Information Service Egypt