The Military Productions Ministry appears to be vying for more projects, with minister Gen. Mohamed El Assar submitting a report to cabinet last night on how best to utilize the ministry’s capabilities to limit the need for imports of certain goods. El Assar proposes a variety of projects which the ministry hopes to dive into, including manufacturing of agricultural equipment, construction of industrial buildings, and producing electronic appliances such as washing machines. The Ismail cabinet appears inclined to agree, according to Al Mal, with the Prime Minister instructing El Assar to coordinate with other ministries to see these projects through.
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on
PE and VC-backed companies were already pivoting to local exchanges…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…