Prime Minister Madbouly oversees customs release of goods from Alexandria Port

CAIRO - 6 March 2024: Prime Minister Mostafa Madbouly will be supervising the release of goods from the port of Alexandria. This initiative is in line with the directives of President Abdel Fattah El-Sisi, who has emphasized the importance of expediting the release process from various Egyptian ports. The Prime Minister's tour will focus on monitoring the progress of multiple release operations involving a variety of goods, including food commodities, feed, medicines, and production requirements.

 

According to Mohammad Al Hommosani, the spokesperson for the Egyptian Cabinet, the immediate outcome of releasing these goods has been a decrease in commodity prices and an abundance of supplies in the market. Al Hommosani further explained that the swift release of goods aligns with the President's instructions to promptly make them available to the public, thereby increasing their availability and reducing their prices.

 

In February, Prime Minister Madbouly issued a directive to gradually release goods from customs, with priority given to food commodities, medicines, and feed. During a recent meeting, Al Hommosani presented reports detailing the current stock of food commodities, medicines, and fodder in customs, which amounted to approximately $1.3 billion.

 

The Prime Minister's hands-on approach in supervising the release of goods from the port of Alexandria underscores the government's commitment to ensuring the timely provision of essential commodities to the Egyptian people. This proactive measure aims to stabilize prices in the market and enhance the overall well-being of citizens.