Dr. Mohamed Farid Saleh:
- We are keen to cooperate with the Federation of Egyptian Industries (FEI) in developing Egyptian industry and supporting production, thereby contributing to increasing the competitiveness of industry both domestically and internationally.
- The importance of strengthening joint efforts to support the investment climate, stimulate industrial production, and increase Egyptian exports to various global markets.
Eng. Mohamed Zaki ElSewedy
- The Federation's full readiness to cooperate with the Ministry in implementing initiatives and policies aimed at enhancing the competitiveness of national industry and increasing its contribution to economic growth.
- We appreciate the efforts exerted by the Ministry of Investment and Foreign Trade (MIFT) in supporting the industrial sector.
Dr. Mohamed Farid Saleh, MIFT Minister, met with Eng. Mohamed Zaki ElSewedy, FEI Chairman, where the two sides reviewed ways to enhance joint efforts to support the industrial sector and strengthen the competitiveness of the Egyptian economy.
The Minister affirmed MIFT commitment to strengthening communication channels with FEI, contributing to the development of Egyptian industry, supporting production, and enhancing the competitiveness of Egyptian industry both domestically and internationally. He emphasized the importance of bolstering joint efforts to support the investment climate, stimulate industrial production, and increase Egyptian exports to various global markets.
He noted the continued coordination and consultation between MIFT and FEI in the coming period, which will support the state's efforts to attract investments and strengthen the role of the industrial sector as a key driver of economic growth.
On his part, Eng. Mohamed Zaki ElSewedy, FEI Chairman, expressed the Federation's appreciation for the efforts exerted by MIFT in supporting the industrial sector. He affirmed the Federation's full readiness to cooperate with the Ministry in implementing initiatives and policies aimed at enhancing the competitiveness of national industry and increasing its contribution to the national economy.
The meeting addressed several topics related to improving the business environment and overcoming the challenges facing investors and manufacturers. It also explored opportunities for cooperation to support supply chains and deepen local manufacturing, thereby contributing to achieving sustainable economic development.
They also reviewed the recently agreed-upon proposal to study the establishment of specialized investment funds to finance industrial projects, in order to provide sustainable financing for factories and support their expansion and increased production.
