Plans to develop companies won't harm workers: min.

CAIRO - 19 May 2018: Minister of Public Business Sector Khaled Badawi said plans to develop companies affiliated with the ministry will not harm workers.

In a statement, the ministry said Badawi's remark came in a meeting between him and the board of directors of the Holding Company for Chemical Industries.

The minister asked the management of the Holding Company for Chemical Industries, which is affiliated with the ministry to accelerate the completion of studies concerning moving the National Cement Company's production lines outside residential areas.

The minister also directed the establishment of a new factory of the company with modern technology in Minya governorate in Upper Egypt.

The minister stressed the need to focus efforts on the sectors of fertilizers, chemicals, paper and cement, and to strengthen the companies operating in these industries and make them able to compete and expand, a thing which provides new employment opportunities and positively affects the national economy.

He pointed out the necessity of injecting new investments into companies which have financial difficulties in accordance with economic feasibility studies.