18 Oct 2022

“During the opening of the first international forum and exhibition for industry, President Abdel-Fattah El-Sisi listened to Eng. Mohamed El-Araby, CEO of El-Araby Group, who said via video conference technology that soon, air compressor units will be manufactured, with a capacity of 6 million sets, Of these, 2 million are to cover local needs and 4 million are exported, pointing out that there are 5 other projects under the “Ibda” umbrella, which will be launched so that Egypt becomes a regional factory for Africa, the Middle East and Europe. President Sisi also listened to Engineer Khalil Ibrahim, Chairman of the Board of Directors of the Fresh Group, who said that the company is working with the “Ibda” initiative in projects to manufacture some components that were imported from abroad, at a cost of $65 million annually. Engineer Adham Abul-Nasr, Chairman of the Board of Directors of the Specialized Energy Technology Company, said, “We are an Egyptian joint stock company, and we have succeeded in localizing the percentage of a local component in the final product, amounting to 45%, with a final product bearing the slogan “Proudly Made in Egypt.” For his part, Dr. Mohamed Selim, Chairman of the Board of Directors of the Medical Company, “SEHA”, said that the “Ebda” initiative was contacted, as it facilitated the development and receipt of the allocated land from government agencies. Dr. Sherif El-Gabaly, head of the “Polyserve” group for fertilizers and chemicals, said that coordination has been made with the “Ibda” initiative to manufacture feed ingredients.”

PI 27C