Cairo: Today on Wednesday, March 25, 2026, President Abdel Fattah El-Sisi met with Prime Minister Dr. Moustafa Madbouly; Deputy Prime Minister for Economic Affairs Dr. Hussein Eissa; Minister of Transport Lieutenant General Eng. Kamel Al-Wazir; Minister of Investment and Foreign Trade Dr. Mohamed Farid Saleh; and Minister of Industry Eng. Khaled Hashem.
According to State Information Service Egypt, Spokesman for the Presidency Ambassador Mohamed El-Shennawy stated that the President reviewed the government's efforts in supporting investment and foreign trade, highlighting their connection to strengthening the local industry. The government's commitment is centered on encouraging investment and supporting the industrial sector, ensuring the necessary requirements for production inputs and raw materials are met for factories.
In this regard, President El-Sisi underscored the need to address challenges facing investment and industrial sectors, aiming to localize and promote industry in partnership with the private sector. The objective is to increase domestic investments and attract more foreign and Arab investments, transforming Egypt into a regional industrial hub.
The meeting also addressed protecting local industry from harmful trade practices and alleviating pressures due to rising production costs. This aligns with the State's commitment to enhancing domestic industries' productive capacities amid global market challenges, with the goal of safeguarding the investment climate and expanding existing investments.
President El-Sisi emphasized the importance of protecting the Egyptian economy from harmful international trade practices. He stressed the necessity of ensuring stable production chains and maintaining secure levels of foreign currency reserves to meet the country's strategic needs for essential commodities and production inputs required by factories.