Arab Finance: Lt. Gen. Engineer Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, chaired the twelfth meeting of the Ministerial Group for Industrial Development, in the presence of Engineer Muhammad Salah El-Din, Minister of State for Military Production, Engineer Muhammad Shimi, Minister of Public Business Sector, and Dr. Rania Al-Mashat, Minister of Planning. Economic Development and International Cooperation, Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, along with a number of car manufacturers in Egypt, representatives of ministries who are members of the ministerial group, and a number of leaders of ministries of industry.
The meeting reviewed the applications submitted by a number of companies, which included Jarish Company for Manufacturing Auto Glass, Cotton Fleur Company for Manufacturing Furniture and Ready-Made Clothes, and Pyramids Company. For car tires Related to protecting them from harmful commercial practices carried out by some foreign companies that cause the market to be flooded with products competing with local ones, as well as reducing customs duties imposed on the import of production requirements compared to finished products, as the ministerial group decided to consider these requests in the Customs Distortions Committee to determine their solution, There is also the need to work on establishing new glass factories to fill the gap in the domestic product, and in the event of a surplus production, it will be exported.
During the meeting, the Arab Organization for Industrialization’s plan to establish a city for the manufacture of automobile tires and their feeding industries was reviewed in partnership with one of the largest Chinese companies in the world in tire production in the free zone in Ain Sokhna. The city includes 3 tire factories, a factory for the production of tire manufacturing equipment, service and maintenance centers, and a factory. To produce steel wire for tires, and a white carbon factory, in addition to a center for research and development of rubber and tire manufacturing technology, as well as a training center for workers in the field, provided that the first phase of the city begins with the establishment of the tire factory. Within a year.
The Ministry of Public Business Sector’s plan to develop a Nisr tire factory in Alexandria in cooperation with European companies was also reviewed, in order to start production within two years, in addition to a plan to establish a car tire factory in Amriya in cooperation with a Chinese company, as well as a plan to manufacture solar panel glass in cooperation with an Emirati company. And a plan to manufacture batteries for the minibuses produced by Al-Nasr Automotive Company, where the Minister directed the Holding Company for Sea and Land Transport in coordination with Al-Nasr Automotive Company to supply luxury buses to serve passengers at the cities’ high-speed train stations. New.
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