Prime Minister: The need to continue to improve the performance of the holding companies affiliated with the public business sector

& Nbsp; Prime Minister Dr. Mustafa Madbouly stressed the need to continue to improve the performance of the holding companies affiliated with the Ministry of Public Business Sector in the context of state governance governance and maximizing the return on them, as well as enhancing the competitiveness of companies and raising the efficiency of their workers, in order to move forward in the process of achieving the sustainable development goals and Egypt vision 2030. Madbouly, today, Tuesday, Minister of Public Business Sector, Eng. Mohamed Shimi, to follow up on a number of ministry’s work files. Investments.

& nbsp; The ministry is followed by 6 holding companies, and these companies follow 63 companies, which include more than 100 thousand workers, and also contribute to capital of 106 joint companies. (2024 & ndash; 2027). There are sectors that will be exited, sectors that will be installed or reduced by government investments, and other sectors in which the state will be present in a continuous manner because of its strategic or social dimensions with the implementation of projects with the participation of the private sector. Locally and internationally, and emphasizing that the ministry’s message aims to develop and improve the performance of companies and work mechanisms and management to keep pace with technological development and commitment to upgrading the human factor and developing his skills. Holding for Metal Industries, the Holding Company for Chemical Industries, and the Holding Company for Tourism and Hotels. It developed, and reached 860 million dollars until the third quarter of the fiscal year 2024 – 2025, compared to 668 million dollars in the fiscal year 2023 – 2024. & nbsp;

Engineer Mohamed Shimi explained that business sector companies contributed to non -tax revenues through the development of investment returns by more than 347% within 10 years. Returning from the production resources of the assets of business sector companies; Pointing out in this regard that this includes the development and localization of the textile industry, the textile and clothing industry, as well as the development and localization of both the mineral industries sector, the specialized chemical industries, the pharmaceutical industries and medical supplies, in addition to the development of both the construction and urban development sector, the tourism, hotels and internal trade services sector. The minister on the developments of the restructuring and development plan for companies affiliated with the Ministry working in the field of cotton, spinning and weaving, within the framework of the national project for the development of the textile and weaving industry, and enhancing its competitiveness at the local and global levels, and also touched on the position of providing long cotton manufacturing materials and short staple and polyester. The textile, the minister pointed to the three stages of development, which included the completion of the entire first stage, which represents 18% of the development, and the second stage is being completed with the implementation rate of 70%, and represents 28% of the development plan for this national industry, and it is planned to be completed during the current year, while the third stage represents 54% of the plan, and it is currently being implemented by 54%, and it is aimed at completing it during the year 2026, Refining in the context of this to the position of production and sales of the weaving and clothing industry projects. For the production of all types of vehicles (the paint line, the Albu line, the assembly line). For contracts, in addition to a project to produce buses and mini electric buses, collect electric batteries and chassis, and rehabilitate the production lines of passenger cars in all kinds in a factory (4) in Al -Nasr Company, and the work of the car’s body welding, paint and assembly includes a prelude to starting production during the coming period. And the creation of production requirements for the engraved glass factory at Al -Nasr Glass and Crystal Company, and the purchase of production and service equipment and a fracture line of raw materials at the mining and quarry company. A line to produce pharmaceutical packages, along with a project to conduct a huge Umrah for the fourth oven in the Egyptian Iron Approach Company in Aswan, in addition to its future expansion projects, and the project of establishing an industrial complex to raise the concentration of phosphate ore at Al -Nasr Mining Company. The framework, including the project of developing the new city of Heliopolis, executed through the Heliopolis Company for Housing and Development, and the procedures and steps in this regard to develop an area of ​​300 acres, and the completion of the city’s marketing plan, noting that it is expected that the sales volume for the first stage of this project will reach about 4 billion pounds. The Mottam Corniche Development Project through Al -Nasr Development and Development Company in partnership with & quot; Scope & quot; Through the Maadi Investment and Urban Development Company, which is held on an area of ​​136 acres, and includes various housing units, the Grand Vio Smouha project, owned by Alexandria Investment and Urban Development Company, along with the project of developing the Continental Hotel owned Hotak Tourism Development, pointing out that these projects contribute to providing more tourism, recreational and environmental activities, and attracting more tourism movement. Investment in the field of tourism, 5 investment opportunities in the pharmaceutical industries, 5 investment opportunities in the field of construction and real estate development, 3 investment opportunities in the field of land reclamation, 7 investment opportunities in the field of cotton, spinning and weaving, and 5 investment opportunities in the field of chemical industries. Many fields, including what is related to the aluminum industry, fertilizers, nutritional supplements, biological preparations, electric cars, and tires. The proposals immediately after the completion of the studies.

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