Integration with private sector “necessity” to achieve massive investment goals

Integration with private sector “necessity” to achieve massive investment goals

Minister of Public Business Sector Mahmoud Essmat has emphasized the necessity of integration with the private sector to achieve the goal of massive investments, increase exports, reduce imports, and provide high-quality industry inputs to private companies.

The ministry, in a statement on Sunday, explained that this came during a tour by the minister of the development project at the complex of the Egyptian Spinning and Weaving Company and Dyeing of El-Beida in Kafr al-Dawar City, Beheira Governorate, as part of the strategy to address implementation obstacles on the ground to prevent non-compliance with the specified timelines for project completion at all sites.

During the visit, the minister met with project consultants and executing contractors, in the presence of Engineer Ahmed Shaker, the Executive Managing Director of the Holding Company for Cotton, Spinning, and Weaving, Engineer Mohamed al-Khudrawi, the Chairman of the Egyptian Spinning and Weaving Company and Dyeing of El-Beida in Kafr al-Dawar, and Mohamed Daabis, the Minister’s Assistant for Follow-up, and Essam Jalal – National Company for General Contracting and Supplies.

They reviewed the progress of work in implementing the Industrial Castle project at the El-Beida site, which includes six integrated factories for spinning and weaving on an area of 337,000 square