Egyptian Prime Minister Moustafa Madbouli recently conducted a tour of the Mit Ghamr investment zone in Dakahlia governorate. During his visit, he inspected an exhibition showcasing products from various industrial companies, as well as the ULTRAKEM and ELC factories. This visit aimed to monitor industrial activity and explore opportunities for developing local production and exports. The exhibition featured a diverse range of industrial products, including electrical and metal equipment, school furniture, medical and laboratory supplies, hygiene products, and cooling and air conditioning equipment.
At the exhibition, Madbouli emphasized the importance of enhancing local production and increasing the use of Egyptian raw materials to reduce imports, save foreign currency, and boost the competitiveness of Egyptian products. He also visited the ULTRAKEM factory, which specializes in producing detergents and disinfectants for the hotel and domestic sectors. Established in 2020, the company has invested 15 million Egyptian pounds, employs 25 people directly, and has an annual production capacity of 250,000 units. The company plans to expand its operations, with a new unit set to begin production in the first quarter of 2027.
During his visit to ULTRAKEM, Madbouli stated that the state encourages companies that adopt modern production solutions and develop their products according to international standards. The Prime Minister also visited the ELC factory, which specializes in manufacturing and assembling televisions. With investments of 100 million Egyptian pounds, the company employs 75 people and has an annual production capacity of 100,000 devices. ELC produces classic and smart TVs, which are distributed across various governorates in Egypt and exported to several African markets and other destinations.
The Minister of Investment and Foreign Trade, Mohamed Farid Saleh, highlighted the role of industrial innovation in improving added value and enhancing the competitiveness of national companies. He reaffirmed the government's support for expansion projects and promoting Egyptian products in foreign markets. The tour also included a presentation of a project to establish a new factory in Madinet El-Sadat, covering an area of 7,000 square meters, dedicated to producing televisions.
The Egyptian government is focusing on boosting local industry and exports to reduce reliance on imports and increase foreign currency savings. By promoting the use of local raw materials and encouraging companies to adopt modern production solutions, the government aims to enhance the competitiveness of Egyptian products in the global market. The visit to the Mit Ghamr investment zone is part of the government's efforts to support industrial development and stimulate economic growth.
The ULTRAKEM and ELC factories are examples of successful industrial projects in Egypt, creating jobs and contributing to the country's economic growth. The expansion plans of these companies, including the establishment of new production units, are expected to have a positive impact on the local economy and increase Egypt's exports. The government's support for these projects reflects its commitment to promoting industrial development and boosting the country's exports.
The visit of Prime Minister Madbouli to the Mit Ghamr investment zone demonstrates the government's commitment to supporting industrial development and promoting local production and exports. The government's efforts to enhance the competitiveness of Egyptian products and increase the use of local raw materials are expected to have a positive impact on the country's economy and contribute to its sustainable development.
Key points
- The Egyptian government is promoting local industry and exports to reduce reliance on imports and increase foreign currency savings.
