Manufacturing
It is the first of its kind in the world, as it carries out all the processing phases of the mineral. It is also the only quartz plant in Africa and the Middle East.
The moderator of one of the sessions said that the share of the manufacturing sector in the GDP dropped to 16 percent, which is quite low.
The size of Samsung's current investments in Egypt amounts to $500 million, with sales worth $1.3 billion.
Prime Minister Mostafa Madbouli held a meeting Wednesday with the representatives of China's TEDA and Chen Cheng to discuss their plan of establishing a $2-billion factory.
The signing took place on the sidelines of the Egyptian-Georgian Business Forum's meeting.
The president was also briefed on the possibility of investing lands owned by the Ministry of Public Enterprise.
The minister elaborated that Italy wants to establish an energy hub in Europe in cooperation with other Mediterranean states.
The Senate's Agriculture and Irrigation Committee discussed Tuesday evening the proposal of Senator Moomen Moaz.
The president's statement came during the inauguration of New Mansoura City.
Transformative industries constitute 85 percent of Egypt's non-petroleum exports.
Prime Minister Mostafa Madbouly attended Wednesday the signing of the protocol between the Ministry of Industry and Trade, and eFinance.
The factory would produce tires for cars, trucks, buses, agricultural tractors, monorails, and heavy equipment.
Member of "Start" initiative Aya Hossam El Din stated in a TV interview Saturday that the number of industrial projects launched within the initiative is 64.
Chairman of the General Authority for Industrial Development Mohamed al-Zalat displayed Tuesday in a meeting with Prime Minister Mostafa Madbouli more details on the establishment of 13 industrial complexes nationwide.
The minister of transport also presented other investment opportunities.
The official clarified that the industrial zone is located southern the city in the desert area.
Prime Minister Mostafa Madbouli attended Tuesday the signing of a quadrilateral memorandum of understanding (MoU) to build an automotive factory in the Suez Canal Economic Zone (SCzone) located Eastern Port Said.
Prime Minister Mostafa Madbouli attended Wednesday the signing of the MoU between the General Authority for Free Zones and Investment (GAFI) and Sumitomo Egypt.
The main axis of the economic reform program is to increase the relative weight of the sectors of manufacturing, agriculture, communications and information technology, according to Minister of Planning Hala El-Said.
The official's statements came during an event held by the Ministry of Planning and Economic Development on alternative financing to sustainable development.
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