Ayman Ashry, Chairman of the Cairo Chamber of Commerce, emphasized the importance of his meeting with Lieutenant General Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, and Engineer Hassan El-Khatib, Minister of Investment and Foreign Trade, to discuss ways and mechanisms to advance the iron and steel industry in Egypt.
Ashry stated that this meeting represents a strong impetus towards supporting and developing the strategic iron and steel industry and raising production rates to increase Egyptian exports in this sector, which is already being exported to many countries after achieving a surplus in domestic production. He noted that Egypt is the largest steel-producing country in the Arab world.
Ashry continued, “In the coming period, we will strive to contribute to increasing Egyptian exports in accordance with the state’s directives, which aim to bring the volume of Egyptian exports in various sectors to $145 billion annually. The iron and steel sector will contribute significantly, given its strategic nature.”
Ashry noted that there are significant investment opportunities in various industries in the Egyptian market, including the iron and steel industry, which is of great importance to all other sectors, especially in infrastructure, construction, and engineering industries. He added that the state is making significant efforts to transition to a green economy and to replace new and renewable energies in various industries, such as the iron and steel industry, as it is an energy-intensive industry. This contributes to reducing carbon emissions and complying with international and European Union requirements, as emphasized by the Deputy Prime Minister for Industrial Development and Minister of Industry and Transport during the meeting.
Ayman Ashry praised the government’s efforts to support the private sector in localizing Egyptian industry in various sectors, which contributes to supporting and developing the Egyptian economy.
