Military Production Ministry achieves LE15.5B in revenues in FY2019/2020

BY

Tue, 03 Nov 2020 - 01:58 GMT

Minister of State for Military Production Mohamed Ahmed Morsi

Minister of State for Military Production Mohamed Ahmed Morsi

CAIRO – 3 November 2020: Minister of State for Military Production Mohamed Ahmed Morsi presented on Tuesday the revenues achieved in FY2019/2020, which rose from LE13.2 billion in FY2018/2019 to LE15.5 billion with an increase of 17 percent.

 

The ministry accomplished digitalization works for the Ministry of Defense and Military Production, and the Ministry of Interior.

 

The ministry upgraded a production line at Abou Zaabal Company for Specialized Industries (Military Factory 300) to cope with the fourth industrial revolution.

 

The ministry built mobile theaters for the Ministry of Culture; inaugurated an artificial grass factory; began the construction of an elevator factory; set a strategy to localize electric vehicle manufacturing and transform fuel-powered vehicles to gas-powered vehicles; and signed an agreement with the Ministry of Public Enterprise to establish a tire factory that caters to all types of vehicles.

 

 

The minister stated that there are 192 national projects that are still under progress. The total value of those is LE25 billion, and they are in the sectors of electricity and energy; water treatment; telecommunication and information technology; constructions; utilities and roads; transportation; local development; water resources and irrigation; agriculture and land reclamation; and, tourism and archeology.  

 

The ministry is also founding companies that will produce solar cells from Egyptian quartz, electric buses, tires, butane gas cylinders, and water treatment plant that will adopt the Zero Liquid Discharge (ZLD) technology. In addition, it is introducing additional production lines that produce loaders, tractors, agricultural machinery, and power generation filters.

 

Speaking of health insurance offered to workers at the ministry, the minister revealed that the maximum sum allocated for a worker treatment has been raised from LE25,000 to LE30,000, while that allocated for a heart surgery or a cardiac catheterization rose from LE40,000 to LE50,000. Furthermore, the maximum sum allocated for the treatment of a premature baby has been increased from LE25,000 to LE40,000.

 

The ministry is also taking part in the presidential initiative for early breast cancer diagnosis by offering medical check-ups for female workers at very low prices.

Comments

0

Leave a Comment

Be Social