Cairo: Today, President Abdel Fattah El-Sisi met with Chairman of the Board of Directors of the Arab Organization for Industrialization (AOI), Major General Mokhtar Abdel Latif. Spokesman for the Presidency Ambassador Mohamed El-Shennawy said that during the meeting the President followed up on work progress in the major activities and projects of factories and companies affiliated with AOI in the field of civil and defense industries. Major General Abdel Latif affirmed that the Organization operates within a strategy focused on enhancing local manufacturing, localizing modern technology, and partnering with major local, Arab, and international companies. This aims to transfer expertise and develop national industries, thereby bolstering Egypt's status as a leading regional industrial power.
According to African Press Organization, this shall be achieved through several key axes, including the modernization of production lines to align with the Fourth Industrial Revolution, thereby increasing both manufacturing and technological capabilities. The strategy also involves qualifying and training human resources to keep pace with the rapid technological advancements and ensure high levels of quality and efficiency. It also focuses on supporting technical research in collaboration with various research entities and deepening military manufacturing to meet the requirements of the Armed Forces and for export purposes. The strategy envisages the introduction of new industries that fulfil the demands and needs of both domestic and international markets, thereby supporting the Egyptian State's drive towards self-sufficiency and increased exports.
President El-Sisi lauded the AOI's efforts in various fields and stressed the need to continue them with the aim of increasing its production and reducing prices to achieve competitiveness, deepen local manufacturing, localize advanced technology, and develop local supply chains. The aim is to ensure the production of components that enjoy global quality and reduce dependence on imports, especially in vital sectors. Therefore, this shall decrease the import bill and provide foreign currency, in support of the national economy, and keeping pace with the successive scientific developments in the industrial field. This is while continuing the ongoing coordination and constructive integration among the ministries, the private sector, and various Egyptian industrial bodies to achieve industrial compatibility and integration, and optimal utilization of national manufacturing capabilities.