Minister of Trade and Industry Eng. Amr Nassar said that Egypt has enormous manufacturing potential in the field of engineering industries, which qualifies it to compete in the local and foreign markets.
The minister also said that the ministry is seeking to achieve integration with all concerned ministries and authorities to increase the dependence on the local product and its preference for the importer, especially that the Egyptian industry is committed to the implementation of all quality standards, whether local or international.
This came during a meeting of the Minister with the members of the Chamber of Engineering Industries Federation of Industries headed by Mr. / Mohamed Engineer and the Export Council of Engineering Industries under the chairmanship of Mr. Amr Abu Farikha.
Nassar explained that the ministry is keen to complete all the axes of the strategy of industrial development and foreign trade for Egypt and build on it in coordination and cooperation with the business community in order to achieve the main objectives of the strategy and in line with the vision of sustainable development 2030.
The meeting reviewed the vision of holding an expanded conference on deepening domestic industrialization and export orientation, which aims to shed light on the enormous potential of the Egyptian industry in various productive sectors as well as the great opportunities available to increase the export rates of industrial products.
For his part, Eng. Amr Abu Farikha, Chairman of the Export Council reviewed the vision of the Council to increase and develop the exports of the sector, especially to some African countries, especially in light of Egypts possession of a distinct industrial base, which gives Egypt a competitive advantage in the markets of the continent.
Eng. Mohamed El Mohandes, Chairman of the Engineering Industries Chamber of the Federation of Industries, pointed out that the Chamber conducted field visits to a number of engineering factories to find out the available resources and seek to integrate these factories, which contributes to increasing reliance on local products and reducing imports.
In this context, Eng. Amr Nassar pointed to the importance of strengthening cooperation between private sector factories and holding companies belonging to the Ministry of Public Works Sector to meet their needs of intermediate products produced locally instead of imports.