Minister of Trade and Industry Tarek Kabil said that the government is working to deepen the national industry، especially the rebar industry over the last two years.
During a tour in the industrial zone in October، Kabil added that said 12.5 million square meters were allocated last year، in addition to allocating another 8 million square meters in the last week to cooperate with some industrial developers in this file.
He pointed out that the industrial sector witnessed very good figures in 2017. He added that the 2020 strategy launched by the Ministry of Industry was implemented at the end of 2017، pointing out that exports achieved $22.4 billion in 2017، up 12%.
He pointed out that the production capacity of private-owned factories is on continuous rise، especially in light of the increase in exports and decline in imports.
He stressed that there is a meeting with President Al-Sisi on Monday، during which he will discuss the implementation of a number of private projects of great importance during the coming period.