23 June 2024 08:52 PM

President El- Sisi urges government to remove all hindrances facing investors

Thursday، 25 May 2023 - 01:10 PM

President Abdel Fattah El Sisi urged the government, 25-5-2023, to remove all hindrances facing Egyptian and foreign investors in order to utilize opportunities that would enable boosting production and exports, lowering imports along with creating new job opportunities through injecting fresh investments.

President Sisi made the remarks on the sidelines of opening a quartz production complex in Ain Sokhna, Suez governorate, in the presence of Prime Minister Mostafa Madbouli along with a set of ministers and senior statesmen.

The estimated cost of the three stages of the project stands at dollars 700 million, the president said, noting that feasibility studies of the project outlined the costs it would save by cutting down the imports as well the expected revenues of importing the output.

The recently-inaugurated projects are open for prospective Egyptian and foreign investors as well stock market investments, the president said.

MENA


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