By Mohamed Ayyad
Presidential candidate Abdel Fattah Al-Sisi announced his intentions to develop the metallurgical industries, saying that he seeks to shift from the export of raw minerals to the process of manufacturing minerals in Egypt and exporting them.
The electoral platform said that this will achieve added value for the national economy and raise employment rates.
The presidential candidate said that he aims to redistribute mineral wealth among the different Egyptian governorates to achieve social justice, and allow Egyptians to compete in the discovery of their country’s various precious metals and stones on the other.
“Extraction projects will begin across Egypt for the purpose of developing the metallurgical industry in an unprecedented way,” Al-Sisi’s platform read.
The former defence minister said his platform includes proposed investment map that will introduce 22 cities for comprehensive metallurgical industries. The investment map includes Al-Behaira, Qena and Minya governorate along with Aswan, Luxor and North Sinai.
The candidate indicated that he will work to “incentivise and support the establishment of educational institutions specialized in the field of mining in different governorates”.
He added that investments that target the mining and metallurgy sectors will be encouraged, and will aim to bring about the legislative and administrative changes needed to remove “all current constraints”.
The electoral platform stated that the government will be charged with drawing a map for mineral wealth, resources, and reserves, in order to regulate and stimulate expansion in this crucial sector.
