Egypt’s President Abdel Fattah Al-Sisi directed, on Saturday, for local industrialisation and the localisation of technology to be promoted, to meet the needs of the local market.
The President’s directives aim to bridge the gap between exports and imports, to achieve self-sufficiency of local products, and reduce the use of foreign currency for imports.
During a meeting with Prime Minister Mostafa Madbouly and Minister of Trade and Industry Nevine Gamea, Al-Sisi reviewed the state’s efforts to replace imports and increase local production, according to Presidency Spokesperson Bassam Rady.
Al-Sisi has also directed for a comprehensive review and accurate inventory of lands that were previously allocated to industrial activities and which have not been exploited.
He ordered the management of these lands considering the actual investment and development needs of each Egyptian governorate, as well as to continue efforts to establish Industrial complexes nationwide.
Meanwhile, Gamea reviewed the operational position of the industrial complexes across Egypt which are either under construction or under development.
She also reviewed her Ministry’s efforts to follow up on the implementation rates of the industrial activities targeted by these complexes.
Gamea looked at the measures taken by her ministry to encourage the national industry, in order to push local manufacturing processes toward fulfilling the various needs for national development projects.
This particularly relates to those projects related to the village development project, as well as supporting small- and medium-sized enterprises (SMEs).