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Mohamed el Assar

Assar, Nassar discuss setting up major industrial projects

Mon, July 30, 2018 13:07

CAIRO, July 30, 2018 (MENA) - State Minister for Military Production Mohamed el Assar discussed with Trade and Industry Minister Amr Nassar boosting bilateral cooperation in setting up major industrial projects.

The Military Production Ministry said in a statement on Monday that Assar reviewed with Nassar the potentials of the military production companies and factories that played a key role in serving the national industry.

The two sides discussed the possibility of manufacturing auto spare parts and boosting complementary automotive industries in light of the Egyptian market's potentials that enable it to become a logistics hub for automotive components in the Middle East and Africa.

They also mulled setting up an integrated industrial complex for household appliances, a matter that will promote local industry and save foreign currency spent on importing home appliances.

For his part, the trade minister stressed the importance of operating factories at their full capacity to cater to the local market needs and boost national economy.

He voiced confidence in the Military Production Ministry's products that are manufactured in accordance with global standard specifications and quality management standards and at highly competitive prices.

He also underlined the necessity of maximising the benefit of the military production's potentials in a way that contributes to the implementation of the Trade and Industry Ministry's strategy to promote industrial development and local manufacturing and beef up exports to African countries.

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