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‘Egypt efforts succeed in cutting import bill, boosting national economy’
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Egyptian Gazette
In an interview with eXtra News, Homsani said the Prime Minister’s visit came as part of efforts to follow up on the implementation of national development projects, particularly the Presidential Initiative “Decent Life”.
He stressed that industrial momentum signals progress in the state’s efforts to reduce imports and enhance local production.
The Cabinet also reviewed efforts to localize the automotive industry, highlighting the announcement of a new partnership between Chinese automaker BYD and Mansour Group to manufacture electric vehicles (EVs) in Egypt.
Regarding water resources, the spokesman confirmed that the government is closely monitoring inflow levels into Egypt’s water system, which have increased in recent days as expected.
He added that the Ministry of Water Resources and Irrigation has taken all necessary precautions to manage potential impacts from the anticipated flood season.