The government attaches special importance to the industry sector and provides all the necessary support to it, affirmed Prime Minister Moustafa Madbouli.

Clear directives have been issued to maintain coordination among the relevant ministries to follow up on the provision of all the necessary production supplies to factories, he added during a Cabinet meeting on Thursday with Finance Minister Mohamed Maait, who attended via video conference, and Trade and Industry Minister Ahmed Samir.

The premier also said that directives have been issued to follow up on the Advance Cargo Information (ACI) system.

The meeting underlined the need of attaining swift progress in the file of advancing and deepening local manufacturing, said Cabinet Spokesman Nader Saad.

This is part of the national strategy for industry, which also aims to increase Egypt’s exports, added the spokesman.

The meeting stressed the need of supporting the exports sector and working on increasing the competitiveness of Egyptian products in global markets, according to the spokesman.

The spokesman further said that the meeting also shed light on the need of providing the necessary cash for exporters to meet their commitments.

In this regard, it was announced that about EGP 33 billion has been disbursed to the exporters through the initiatives which have been first implemented since October 2019.

The meeting also touched on the ongoing cooperation among the governments of Egypt, the UAE, Jordan and Bahrain, as part of the Integrative Industrial Partnership for Sustainable Economic Development.

On this score, the prime minister said that since the launch of this initiative, a regular follow up is held, vowing to remove any obstacles that could be faced by the projects that will be implemented as part of the initiative.

He, meanwhile, issued directives to the industry minister to give priority to the projects which fall under the initiative.

Source: State Information Service Egypt