Egyptian Prime Minister Mostafa Madbouli said today Saturday that the stockpiling crisis in ports is over, adding that the average volume of goods present in all Egyptian ports is equivalent to the traditional average before the stockpiling crisis that hit the country. since recently.
Madbouli added in a statement that “all factories have returned to full capacity and have enough stocks of raw materials for one to two months.”
He explained that the government is now making sure that the agricultural, industrial and manufacturing sectors move as quickly as possible in the coming period, indicating that it is committed to providing all possible opportunities for the manufacturing sectors in this period.
Last week, a spokesman for the Egyptian prime minister said authorities released goods worth more than $1.5 billion between Jan. 18 and Jan. 23.
Egypt has suffered from a crisis in customs clearance of imported goods due to a lack of foreign exchange.
Madbouli said that the government intends to announce a listing plan in less than two weeks, which was previously announced its intention to list shares on the stock exchange, which should be implemented during the current year.
The government has repeatedly stated its intention to list its companies or shares in them on the Egyptian stock exchange in order to raise liquidity and expand the investor base.
The Prime Minister also revealed that he had discussed with the Minister of Industry an industrial development strategy, adding that there would be a clear roadmap in the coming weeks with implementation milestones and concrete funding.
