Cairo: Prime Minister Mostafa Madbouly convened a meeting attended by Engineer Mohamed Shimi, Minister of Public Business Sector, and several ministry officials to address the ongoing efforts to restructure and develop spinning and weaving companies. The meeting emphasized the state's focus on fostering partnerships with the private sector to ensure professional management of these factories, which have seen significant state investment.According to State Information Service Egypt, Prime Minister Madbouly underscored that the initiative is aligned with President Abdel Fattah El-Sisi's directives to enhance the performance of public business sector companies. The goal is to optimize asset returns and embrace technological advancements, with a clear vision and targets set for each company within the sector.The Prime Minister reiterated the importance of sound governance to ensure efficient management of the companies, aiming for quality, sustainability, and continuous development. Counsellor Mohamed Al-Homs ani, the official spokesperson for the Cabinet, highlighted that the meeting covered development projects in spinning and weaving factories and collaboration with the private sector.During the meeting, Minister Shimi detailed the national project aimed at maximizing the value of Egyptian cotton and regaining Egypt's global leadership in the industry. This includes a comprehensive update of infrastructure and machinery, alongside worker training to boost production capacity and export high-quality products.The Minister noted that the first phase of development projects is complete, with ongoing efforts for subsequent phases. He reported significant increases in yarn production, citing Misr Spinning and Weaving Company's growth from 117 tons in 2022/2023 to 6,288 tons in 2024/2025. Shimi also discussed efforts to secure operational raw materials for factories.Highlighting private sector collaboration, Engineer Shimi emphasized the sector's role as a strategic partner in sustainable development and investm ent attraction. He pointed out successful partnership models and ongoing discussions with international investors from countries like Korea, China, and Turkey to enhance capacity and governance.Shimi concluded by noting that cooperation aims to capitalize on underutilized assets, generate hard currency, create jobs, and boost productivity for exports, showcasing the state's commitment to fostering private sector-driven economic growth.