**Prime Minister Moustafa Madbouly Prioritizes Industry Development**
Prime Minister Moustafa Madbouly emphasizes the importance of advancing industry as a key focus of the state. He assures that the government recognizes the significance of growth and is committed to overcoming obstacles in the sector.
During his visit to the Pyramids Tires factory, specializing in tire and rubber production, Madbouly, along with officials from local development and industry ministries, as well as the Port Said governor, announced plans to tour Port Said and Damietta. He expressed interest in inspecting major factories in the Port Said industrial zone.
The Prime Minister highlighted industry as a governmental priority, underscoring President Abdel Fattah El Sisi’s keen interest in sectoral progression. Madbouly noted the government’s readiness to tackle challenges by focusing on enhancing productive economic activities, particularly in collaboration with entrepreneurs.
To facilitate the growth of the Pyramids factory, the government has streamlined licensing procedures. Recent meetings with export chambers and councils have identified export sectors as integral parts of the industrial landscape.
With the goal of achieving a 15% annual growth rate across all sectors, the government aims to boost export expansion by fostering synergy between the state and private entities.
Madbouly assures serious investors of his open-door policy, committing to eliminating impediments hindering their objectives. International companies have already made significant investments in Egypt, establishing factories rapidly and commencing operations within a short timeframe.