Egypt to begin second phase of universal health insurance in Minya    Madrid trade talks focus on TikTok as US and China seek agreement    Egypt hosts 4th African Trade Ministers' Retreat to accelerate AfCFTA implementation    Egypt's Investment Minister, World Bank discuss strengthening partnership    El Hamra Port emerges as regional energy hub attracting foreign investment: Petroleum Minister    Power of Proximity: How Egyptian University Students Fall in Love with Their Schools Via Social Media Influencers    Egypt wins Aga Khan Award for Architecture for Esna revival project    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    Egypt's gold prices hold steady on Sep. 15th    EHA launches national telemedicine platform with support from Egyptian doctors abroad    Egypt's Foreign Minister, Pakistani counterpart meet in Doha    Egypt condemns terrorist attack in northwest Pakistan    Emergency summit in Doha as Gaza toll rises, Israel targets Qatar    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Motivational industrial strategy to advance public business sector: Investment Minister
EGP 5.6bn exports targeted by the Metallurgical Industries Company in FY 2015/2016, says CEO
Mohamed Ayyad Published in Daily News Egypt on 20 - 06 - 2015

The Ministry of Investment has put in place a motivational industrial strategy to advance with the public business sector, according to Minister of Investment Ashraf Salman. The strategy includes professional ideas that achieve economic gains for the state by utilising the company's potentials.
The company owns nearly nine holding companies that represent the government's investment arms. They aim to provide several needs of citizens in different sectors, including metal, food, transportation, chemicals, textiles, insurance, tourism and hotels.
"The Metallurgical Industries Company aims to achieve revenues worth EGP 275m for the budget of year 2015/2016 compared to EGP 204m expected in year 2014/2015," said Zaki Bassiouni, CEO of Metallurgical Industries Company, on Saturday, during his presentation of the board of directors' report about the new budget of the new fiscal year.
Bassiouni said the company and its affiliates are targeting approximately EGP 5.6bn in imports during FY 2015/2016, compared to EGP 4.4bn over FY 2014/2015. He confirmed that the company is doing its best to restructure and develop affiliated accompanies.
According to Bassiouni, during the meeting of the General Assembly with the presence of Salman, the Metallurgical Industries Company targets implementing new investments of approximately EGP 975m, compared to this year's EGP 464m, in the affiliated companies. This would improve, develop and restructure these companies.
Regarding the total financial indicators of the companies affiliated to Metallurgical Industries Co in FY 2015/2016, the company targets revenues of affiliated companies' amounting to approximately EGP 13.7bn. This comes instead of the expected amount of FY 2014/2015 which was EGP 10.6bn, an increase of EGP 3.1bn.

Clic here to read the story from its source.