Savannah Schleinitz

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4108 Coopers Plains, QLD

Australia

Developing Egypt priority industrial sectors requires EGP 7.7 bln loan

Minister of Industry and Transport Kamel El-Wazir said that developing the industrial sectors that the government prioritizes requires a loan.

The new model will feature a local component ratio exceeding 54%, supporting the company’s goal to enhance domestic production.

Exports of petrochemical products also showed growth, increasing by 71 per cent to US$1 billion, while exports of glass products increased by 22 %.

This selection underscores Egypt's pivotal role in supporting Arab cooperation within the framework of the Arab League.

Minister of Public Business Sector, Mohamed Shimi, recently met with a delegation from IGSAS, a leading Turkish fertilizer producer.

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