(MENA) – President Abdel Fattah El Sisi stressed that the state is ready to contribute to establishing 4,000 factories of the Micro, Small and Medium Enterprises (MSME) during one year at the most.
He underlined the importance of finalizing the establishment of these factories so as to provide more than 40,000 job opportunity for the youths.
He asserted the need to restart the stalled factories to contribute in bolstering the Egyptian economy.
Sisi’s words came during a visit paid by Sisi on Monday to the 10th of Ramadan city to inaugurate a number of great developmental projects in the presence of Acting Premier and Housing Minister Moustafa Madboli as well as a number of ministers and officials.
Sisi listened to an explanation from Madboli and the Trade and Industry Minister Tarek Qabil on the achievements attained over the past three years in the developmental ventures especially in the fields of housing and urban development, said presidential spokesman Bassam Rady.
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