Assar, Saeed probe restructuring of Factory 99

CAIRO, Jan 11 (MENA) - State Minister for Military Production Mohamed el Assar Saturday discussed with Planning Minister Hala el Saeed progress achieved in the underway restructuring of Helwan Company for Engineering Industries (Factory 99).

During a meeting attended by a delegation of the Planning Ministry affiliate NI Capital company, which carries out the restructuring of Factory 99, the two sides tackled aspects of mutual cooperation.

The renovation of Factory 99, one of the firms operating under the umbrella of the Military Production Ministry, entails restructuring the human, financial, marketing and information technology sectors of the factory.

Upgrading the production lines as well as the planning system of the factory are also undertaken by NI Capital.

Minister Saeed said that the industrial file is the core of the economic development process, pointing out to the key role of the Military Production Ministry in promoting the national industry and finding alternatives for imports.

Saeed hailed relation between the two ministries as strategic and expressed eagerness to promote the products of the Military Production Ministry across the African continent.