14:50
cairo, gmt + 2
17 September
Tuesday, 2024
Tue, 17 Sep 2024 - 12:15 GMT
Egyptian Minister of the Public Business Sector Eng. Mohamed Shimi revealed plans to develop the spinning and weaving industry.
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Madbouly emphasized the government’s commitment to resolving these issues by the end of 2024 and highlighted the ongoing efforts to facilitate smoother interactions with Saudi investors.
Madbouly emphasized the government’s commitment to resolving these issues by the end of 2024 and highlighted the ongoing efforts to facilitate smoother interactions with Saudi investors.
The minister noted that upcoming financial policies are expected to significantly influence risk management and economic competitiveness
Prime Minister Mostafa Madbouli held Monday a meeting with major Saudi investors organized by the Federation of Saudi Chambers of Commerce in Riyadh.
The Egyptian prime minister presented investment incentives to the Saudi Industry Minister.
During the meeting, Madbouly underscored the expansive investment partnership between Egypt and Saudi Arabia, emphasizing its role in delivering substantial economic benefits to both countries.
In contrast, June witnessed a decrease in wheat imports to $261 million, a 21.5 percent drop from June 2023's $332 million.
Among the sectors that are targeted as part of this plan is the industry, and thus, the government has revealed the Egyptian Industry Strategy 2023.
Egyptian wheat imports increased significantly in the first half of this year 2024, compared to the same period last year 2023, according to data from the Central Agency for Public Mobilization and Statistics.
A report by Ezz Steel expects that Egypt’s rebar consumption will increase by 5% in 2024 to 6.8 million tons.
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