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Prime Minister visits Egyptian fishing gear plant
During a tour in Kafr El Sheikh Governorate, Prime Minister Mostafa Madbouly took part in a demonstration. He visited the Egyptian Company for Manufacturing Traps and Fishing Tools in Balteem area. He affirmed that the government prioritizes supporting industry, expanding local manufacturing, and increasing exports. The focus is on industries linked to the governorate's economic sectors, such as fishing and fish farming. He pointed out that the factory, established in 2008 with an annual production capacity of up to 400 tons and exporting about 25% of its output, plans to increase its capacity to 1,000 tons by 2028 and 2,000 tons by 2030, with government backing for its expansion and addressing challenges. He also emphasized the importance of enhancing the quality of industrial investment, increasing local content, and boosting exports in the future.
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