Prime Minister Mostafa Madbouly inspected the artificial silk and polyester factory in Kafr El Dawar and is heading to the Alexandria port to supervise the release of goods from the port
Prime Minister Mostafa Madbouly inspected the artificial silk and polyester factory in Kafr El Dawar, and is currently heading to the Alexandria port to supervise the release of goods from the port.
“We began exporting the first shipment from the artificial silk (rayon) and polyester factory, and our own main priority is increasing our exports and deepening the industry. The state has a clear plan with incentives and is ready to implement it” Madbouly said according to local media.
Madbouly also stated that the total amount of polyester that Egypt imports is close to $800 million annually.
Prime Minister Mostafa Madbouly begins a special tour to release goods from the port of Alexandria today, where he follows up on the progress of more than one release process from various Egyptian ports, in implementation of the directives of President Abdel Fattah El-Sisi.
Earlier in Feburary, Madbouly directed for a plan to gradually release goods in customs with priority to food commodities, medicines, and feed. During the meeting, El Hommosani explained some reports monitoring the total food commodities, medicines, and fodder in customs were reviewed, where it was noted that the total currently in stock is worth about $1.3 billion.
