Egyptian President Abdel Fattah El-Sisi met with Prime Minister Mostafa Madbouli, Petroleum and Mineral Resources Minister Karim Badawi, and Industry Minister Khaled Hashim. The meeting covered various industrial and economic issues. President El-Sisi instructed the government to take necessary actions to retrieve unused industrial lands. This move aims to optimize the use of lands allocated for industrial development.
The meeting reviewed efforts to enhance industrial cooperation with African countries and the European Union. The goal is to boost production, exports, and technology transfer. President El-Sisi also emphasized the need to facilitate procedures for establishing new factories in priority sectors. This is in line with the state's industrial strategy. The government aims to intensify efforts to attract foreign direct investments in the industrial sector.
The President instructed the government to continue facilitating procedures for new factories in priority sectors. This is according to the state's industrial strategy. The goal is to accelerate the localization of various industries. This will enhance the national economy's production capacity and competitiveness. The meeting also covered coordination between the Ministries of Petroleum and Industry.
Minister Karim Badawi reviewed the outcomes of the Egypt Mining Forum. Participants welcomed the President's attention to the mining sector. They appreciated his directives to address any challenges facing investments in this sector. The Minister also discussed the performance of the petroleum sector and its impact on economic growth.
The petroleum sector's performance during the 2025/2026 fiscal year was discussed. The meeting also covered developments in crude oil, condensates, and natural gas production and exploration. New discoveries and additions to reserves were also reviewed. International reports have praised the Egyptian petroleum and gas sector's achievements.
Minister Badawi discussed cooperation between the Ministries of Petroleum and Investment. The goal is to promote petroleum and gas projects and attract local and foreign investments. Industry Minister Khaled Hashim reviewed efforts to localize supporting and complementary industries in Egypt. These include refractories, alloys, engineering industries, and foundry industries.
The meeting also covered ways to maximize the use of scrap metal locally. Efforts to attract industrial investments related to this sector were discussed. Minister Hashim reviewed procedures to deepen the steel industry in Egypt. The goal is to expand the manufacturing of local raw materials and maximize their economic benefits.
Key points
- President Abdel Fattah El-Sisi directs the retrieval of unused industrial lands.
- The government aims to enhance industrial cooperation with African countries and the European Union.
- Egypt seeks to attract foreign direct investments in the industrial sector.
