Egyptian president follows up on public enterprise development

CAIRO – 11 March 2024: President Abdel Fattah El-Sisi met Monday with Prime Minister Moustafa Madbouly and Minister of Public Enterprise Sector Mahmoud Esmat as he was updated on the government’s steps to ensure the prompt completion of new projects.

Those are currently being implemented in a myriad of sectors, such as pharmaceuticals, tourism, spinning and weaving, constructions, chemical industries and electric cars.

Those shall contribute to fulfilling the needs of the local market and boost exports, as part of the state’s orientation toward strengthening the national manufacturing sector and increasing reliance on local products.

President Sisi gave directives to continue the implementation of the Performance Improvement Plan of companies and factories affiliated to the public enterprise sector as well as the training and capacity-enhancement programs for human resources.

The president also stressed the need to improve the companies’ marketing policies to increase the volume of local sales and enhance exports. This is in addition to focusing on partnerships with the private sector to reinforce efforts toward progress and development in Egypt.

President Sisi was similarly briefed on the government’s measures to implement the social support package targeted at public employees.