Strong bid to boost Egypt’s fertiliser industry
By Gazette staff
Deputy Prime Minister for Economic Affairs Hussein Eissa held an expanded meeting on Thursday to review efforts aimed at maximising the value of strategic industrial assets and enhancing the competitiveness of key production sectors.
Minister of Investment and Foreign Trade Mohamed Farid, Deputy Minister of Finance Yasser Sobhi, was present at the meeting, together with Assistant to the Prime Minister and CEO of the State-Owned Companies Unit Hashem El-Sayed, Acting CEO of the Sovereign Fund of Egypt Noha Khalil, and Assistant Minister of Investment and Foreign Trade Counselor Saeed Arafa.
The discussions focused on the fertiliser industry as one of the most critical pillars of the national economy, with emphasis placed on improving operational efficiency, optimising production capacity, increasing export volumes and enhancing value-added outputs, in order to achieve higher economic returns and strengthen Egypt’s position in regional and international markets.
Deputy PM Eissa stressed that the fertiliser industry represents a cornerstone of national food security, given its direct impact on agricultural productivity and its role in supporting the state’s agricultural expansion plans.
He underscored that improving the performance of industrial companies is a key priority for driving economic growth and ensuring sustainable development.
Eissa highlighted the importance of continuing efforts to enhance the operational and financial performance of companies operating in this sector, while strengthening investment partnerships and improving governance frameworks.
He noted that these measures would contribute to increasing production efficiency, supporting economic sustainability and boosting foreign currency inflows.
He further emphasised that the state attaches high priority to strategic industrial sectors, particularly those with strong export potential such as the fertiliser industry.
He called for improved management practices, better utilisation of existing assets and capabilities, and enhanced competitiveness of Egyptian companies across global markets.
The meeting also reviewed a range of proposals aimed at expanding investment and development opportunities within the fertiliser sector, with a focus on strengthening asset utilisation, improving operational structures and supporting private sector participation in line with the state’s broader industrial development strategy.
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المصدر: Egyptian Gazette