Sisi stresses importance of developing companies of Military Production Ministry

CAIRO - 16 July 2018: President Abdel Fattah El Sisi stressed Monday the importance of continuing efforts to develop companies and factories affiliated to the Ministry of Military Production.

Sisi made these remarks during his meeting with Minister of State for Military Production Mohamed El Assar.

He underlined the ministry's role in developing the national economy and industry, as well as meeting the needs of the local market of industrial products, exporting surplus production and developing military products to cover the needs of the Armed Forces.

The president also stressed the need to boost cooperation between the ministry and major global companies in order to acquire modern technology and open up new horizons in the industry based on the ability to innovate and develop by local capabilities, in addition to establishing development projects to boost the Egyptian economy.

In press statements, Spokesman for the presidency Bassam Rady said the meeting reviewed the comprehensive strategic vision of the ministry in the coming period and the plan to develop factories and companies affiliated to it.

Rady pointed out that Assar briefed Sisi on the ministry's efforts to cooperate with various ministries and state institutions in different sectors, stressing that the ministry aims to optimize national resources and help state institutions achieve development goals and provide the best services to citizens.

The minister also presented a report on the prospects of cooperation between the ministry and a number of countries, such as Iraq, Russia, Germany and China, in a way that contributes to exchanging expertise between the employees of military production companies and global companies, as well as marketing products of companies affiliated to the ministry in global market, which contributes to increasing the foreign exchange earnings and exports. (MENA)