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Developing national industry top priority - minister
The Egyptian Gazette Published in The Egyptian Gazette on 01 - 10 - 2018

CAIRO, Oct 1, 2018 (MENA) - Egyptian Trade and Industry Minister Amr Nassar stressed on Monday that developing the national industry and improving its competitive capabilities are on the top of the ministry's priorities during the current stage.
The minister gave the remarks during a meeting with a delegation of the International Finance Corporation (IFC) led by Country Manager for Egypt Walid Labadi.
Talks tackled enhancing cooperation between the ministry and the IFC in developing power engines used in the industrial sector to save at least ten percent of the electricity consumed by this sector.
IFC Country Manager for Egypt Walid Lebadi said the IFC is contributing to financing private sector projects, saying the corporation's portfolio for Egypt is estimated at 1.5 billion dollars.
The IFC is one of the biggest international finance organizations that mainly aims at developing the private sector in developing nations.

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