Minister of State for Military Production: We seek to increase the revenues of the activity by expanding military and civil production
Engineer Mohamed Salah El Din Mustafa, Minister of State for Military Production, chaired a meeting of the heads of the boards of directors of companies and units affiliated and a number of sectors and counselors at the Ministry and the National Authority for Military Production, to discuss the general planning budget for companies and units affiliated with the Ministry for the fiscal year (2025/2026).
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Minister Mohamed Salah explained that the meeting aimed to discuss the future plans set for subsidiaries and ways to achieve them in line with the nature of the work of each company and unity, in light of the directives of President Abdel Fattah El -Sisi, President of the Republic By expanding the volume of public investments, where the proposed budget project for the next financial year witnesses the pursuit of activity revenues by expanding production of military and civil equipment and contributing to the implementation of development and national projects in various sectors, as well as expanding cooperation with the private (local / global) sector with It contributes to raising the efficiency of the level of services provided to citizens through the various sectors of the state, in addition to achieving the requirements of the armed forces and the police from their weapons, ammunition and equipment needs, which is the primary goal of the Ministry of Military Production.
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> The Minister of State for Military Production – on the sidelines of the discussion of budgets – pointed to the successive challenges witnessed by the world, which directly affected the supply chains necessary to implement projects in many countries of the world, which calls for concerted efforts to enhance the national economy by supporting the settlement of modern technologies in various national industries And increase dependence on the local product and reduce the import bill in order to save foreign currency. 2025/2026) and its comparison is expected to be implemented by the fiscal year budget (2024/2025) and what was achieved in the fiscal year budget (2023/2024) in terms of (activity revenues, complete production, net sales, complete production stocks, number of workers, wages, materials and materials, Summary of the revenue and expenses account, profits, activity indicators).
& nbsp; Performance, achieve the maximum quality, administrative reform rates, preservation of assets and resources, rationalizing expenses, adhering to the dates of Nahu and handing over projects, as well as working to localize modern industries and technologies and new products, which reflects on maximizing the achieved returns and increasing the contribution to the national economy, so that the ministry continues to play its role as an essential pillar of manufacturing Military and one of the most important industrial arms of the state.
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