Sisi Directs Facilitation of Procedures to Establish New Factories in Priority Sectors

Cairo – Khadija Hamouda: President Abdel Fattah el-Sisi has directed the continuation of facilitating all necessary procedures for establishing new factories in priority sectors, in accordance with the state’s industrial strategy, alongside intensifying efforts to attract foreign direct investment in the industrial sector and accelerating the pace of localizing various industries to enhance the productive capacities of the national economy and boost its competitiveness.

This came during a meeting held yesterday between President el-Sisi, Prime Minister Dr. Mostafa Madbouly, Petroleum and Mineral Resources Minister Eng. Karim Badawi, and Industry Minister Eng. Khaled Hesham.

The official spokesperson for the Presidency, Ambassador Mohamed El-Shenawy, stated that the meeting addressed several files involving coordination and integration between the Ministries of Petroleum and Mineral Resources and Industry, including efforts to enhance regional cooperation in the energy sector, plans for industrial expansion, deepening local manufacturing, and increasing the value added to national production.

The spokesperson added that Eng. Karim Badawi outlined the key outcomes of the Egypt Mining Forum, noting that forum participants welcomed the President’s attention to the mining sector and his directives to remove any obstacles to investment in this field. The Petroleum Minister also reviewed developments in the performance of the petroleum sector and their impact on economic growth during the 2025/2026 fiscal year, as well as updates on crude oil, condensates, and natural gas production and exploration activities, including new discoveries and additions to reserves.

Furthermore, the Petroleum Minister highlighted international reports praising the achievements of the Egyptian petroleum and gas sector, alongside existing cooperation between the Ministry of Petroleum and Mineral Resources and the Ministry of Investment and Foreign Trade to promote projects in the petroleum and natural gas sectors and enhance efforts to attract local and foreign investments in this area.

The spokesperson noted that Eng. Khaled Hesham reviewed developments in efforts to localize supporting and complementary industries in Egypt, notably refractories and alloys, as well as engineering industries and foundry manufacturing. The meeting also discussed ways to maximize the local utilization of scrap metal and the efforts made to attract industrial investments related to this sector. Additionally, the Industry Minister presented the executive measures and steps being taken by the state to deepen steel manufacturing in Egypt, expand the processing of local raw materials, and maximize their economic benefits.