Egypt has vast potentials in engineering industry field to compete: Minister

Minister of Trade and Industry Amr Nassar said Egypt has vast potentials in the engineering industries field qualifying it for competition at the local and foreign markets.

The minister’s remarks were made during his meeting with members of the Engineering Industries Chamber (CEI), affiliated to the Federation of Egyptian Industries (FEI), chaired by Mohamed el Mohandes and Head of the Engineering Industries Export Council Amr Abu Ferekha.

In a statement released on Monday, Nassar said the Ministry is seeking to make an integration with all ministries and bodies concerned to increase dependency on local products rather than imported ones especially that the Egyptian industry is applying all quality standards.

He made it clear that the Ministry is keen on completing all axes needed to implement the industrial development and foreign trade strategy which comes in line with Egypt’s vision for 2030.

The participants reviewed holding a plenary meeting to expand local industry in view of the vast potentials of the Egyptian industry in the various productive sectors.

Nassar also highlighted the importance of boosting cooperation between the private sector factories and holding companies to meet the needs of market from local products instead of the imported ones.