Sisi inaugurates 296 small factories in El-Sadat city, Menoufia

CAIRO – 15 January 2018: President Abdel Fatah al-Sisi said on Monday that Egypt is strong and ready to implement any project within a short period of time.

Sisi's statements were during the inauguration of a number of developmental projects attended in Menoufia governorate, north of Egypt.

Among the projects that were inaugurated by Sisi in El-Sadat city in Menoufia are Beshay Steel factory, which is set to produce 60 percent of Egypt’s steel production, 296 small factories, and a technology city, according to sources in Menoufia.

The factory, which spans over 750 feddans, includes seven internal factories; two factories for melting steel, a light factory, a reduced iron factory and an iron scrap factory; in addition to an oxygen station, which is considered the biggest station in the Middle East to provide self-sustainment for the whole factory. It also consists of a limestone factory, which is also the biggest one in the Middle East.

At the same time, President Sisi inaugurated projects in other governorates via video conference, including two hospitals in Banha, a military hospital in Shibin El-Kom, and the first complex in Zewail University, remarking that it is important to preserve good health projects.

During the inauguration, Sisi stressed that he is willing to establish textile factories, adding that although such projects should be implemented in seven years, Egypt is ready to finish them in three to four years.

He also pointed out that Egypt is losing nearly 20 percent of the sugar sector's production due to the old factories.

During his speech, President Sisi referred to the treatment program of Hepatitis C in Egypt, confirming that Tahia Masr (Long Live Egypt) Fund is ready to support the medicament efforts in order to eliminate the disease from Egypt completely. In process since 2014, Egypt's Hep C cure program has proven a breakthrough in ending patients' waiting lists two years ago and was in turn used to attract medical tourism to the country. The program has been praised internationally after hundreds of thousands of patients were treated by locally-made medicines. Egypt has halted the import of thousands of U.S. medicines used to cure the viral Hepatitis C and decided to manufacture them domestically.