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El-Sisi directs CBE to end obstacles facing importers, manufacturers within 2 months

El-Sisi directs CBE to end obstacles facing importers, manufacturers within 2 months

Arab Finance: President Abdel Fattah El-Sisi directed the Governor of the Central Bank of Egypt (CBE) Hassan Abdallah to eliminate all the obstacles facing importation and local manufacturing as a result of the Russian invasion of Ukraine within two months maximum, according to the president's speech on September 27th.

This came on the sidelines of the inauguration of a number of new national projects by El-Sisi at the investment zone of Benha city in Qalyubia.

The private sector represents about 75% of the economy, El-Sisi said, adding that the government is highly supportive of the industry.

The government will facilitate all the obstacles that could face businessmen and producers, the president remarked.

Moreover, El-Sisi pointed out that Egypt aims to bring the value of exports to $100 billion, which is a small figure for a country with a population of more than 104 million people.

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