Government committed to solving investors problems in new cities

Prime Minister Atef Ebeid said the government is doing its utmost and is committed to solving problems and removing obstacles that impede the increase of investments in a way that keeps pace with world changes.

Ebeid who made remarks following his first visit yesterday to the 6th of October city met the investors and businessmen of the city with the attendance of ministers of manpower, local development, electricity and housing and heads of the businessmen associations of the new cities.

Ebeid indicated that the government is currently studying ways of providing required energy to the new projects, means of promoting the Egyptian exports and facing dumping.

Ebeid urged producers and businessmen to give more attention to world markets where they can increase their exports and transfer technology for upgrading their different industries.

"One of the most urgent topics, the government is interested in, is supporting the small-scale ventures which provide more job opportunities and raise the gross domestic production (GDP)," Ebeid added.

Ebeid, on the sidelines of his visit, inaugurated a factory that produces the equipment of the renal dialysis with a total investment of L.E 100 million and about 55% of the factory’s production will be exported.

Moreover, he inaugurated a new project which manufactures economic car in cooperation with Italian Fiat Company.

On his part, Hany Srour, head of the city's businessmen association, said that there are about 1000 projects in the city whose total capital hit L.E 22 billion and create 120,000 job opportunities.