Egyptian economy and industry Description

The most important and prominent elements on which the Egyptian economy is based are Egyptian industries manufactured by skilled Egyptian hands and exports, as Egypt possesses all the industrial components that qualify it for leadership regionally and continentally, as it has available raw materials, qualified human resources, and traditional and renewable energy sources, in addition to the state’s policy supporting the industrial sector. Through a suitable environment and legislative and procedural packages supportive of industrial investment, which contributed to increasing reliance on national industry, to meet the needs of national projects, promote economic growth, increase job opportunities, advance Egyptian industry and attract investors to invest in various industrial sectors to provide the needs of the local market in addition to increasing Egyptian exports. To global markets according to a systematic plan based on the acceptance and popularity of the Egyptian product.

It is worth noting that the industrial sector has achieved tangible development over the past years, as the Egyptian government, with the support and guidance of the political leadership, has given unprecedented attention to developing industrial sectors and increasing export rates as it is one of the basic pillars of the national economy and the engine of comprehensive economic development in Egypt, and its pivotal role in achieving social stability through... Providing job opportunities for young people and improving citizens’ living standards.

The government's policies promoted comprehensive and sustainable economic development, which was based primarily on the advancement of national industry through the provision of attached industrial lands and the establishment of cities and specialized industrial complexes, in addition to the establishment of a road network covering all parts of the Republic and supporting the logistical transportation system.

In this context, and in continuation of the state’s plan to establish industrial complexes, Al-Austeel Trading and Engineering Company established in 2005 its new factory in Obour City in the Second Industrial Zone, on an area of 4,500 square meters, at a large investment cost to provide the needs of the Egyptian local market for kitchen products and supplies and all hotel equipment. And restaurants made of stainless steel, in addition to increasing Egyptian exports to global markets according to a systematic plan developed by the management of the Al-Westel Trading and Engineering Company, which is based on the acceptance and popularity of the high-quality Egyptian product.

Engineer Ahmed Magdy, Chairman of the Board of Directors of the Alusteel Trading and Engineering Company, stated that the establishment of the new factory in Obour City helped increase the job opportunities available at the Alusteel factory and increase the workforce in the factory, which was trained by the best engineers and experts in the field of the stainless steel industry in Egypt.

The new factory of the Alusteel Trading and Engineering Company in Obour City witnessed a vast technological boom that contributed to increasing production and raising the efficiency of the final product to compete with international products in terms of the quality of the products and their ability to withstand hard work and different work environments, and the unique modern design to suit all tastes and the suitability of the products for all commercial activities.

Alusteel Trading and Engineering Company began activating the various steps of the stainless steel industry in Egypt since 1998, and within the framework of the directives of the Chairman of the Board of Directors of Alusteel Trading and Engineering Company, Mr. Eng. Ahmed Magdy, that work be done to localize the stainless steel industry locally in order to significantly reduce imports in line with The state’s policy of self-sufficiency in high-quality Egyptian products and increasing exports to global markets to control the state’s trade balance, provide job opportunities and reduce the import gap, especially since the stainless steel industry is a very important industry. To provide kitchen supplies and equipment for the local market and for export to global markets.

We produce custom stainless steel tables for food and packaging factories of various sizes, and all stainless steel restaurant and kitchen equipment, such as grills, ovens, stoves, stoves, grills, fryers, shawarma grills, steam cooking pot, steam pot, rice box, vertical and horizontal refrigerators, and tables. , docks, trolleys, basins, etc., which serve a large sector of major bodies and institutions, universities, hospitals, clubs, hotels and major restaurants.

Engineer Ahmed Magdy, Chairman of the Board of Directors of Alusteel Trading and Engineering Company, stated in many meetings and conferences that the stainless steel industry project is a step on the right path to promoting this type of local investment, so that Egypt becomes a regional center for the manufacture of commercial kitchen equipment, supplies, and equipment, to achieve self-sufficiency for the Egyptian market. , in accordance with international quality specifications, and also opening new markets for export to African and Arab countries, which reflects positively on the provision of foreign currency and the strengthening of the Egyptian economy. Among the statements of Engineer Ahmed Magdy, Chairman of the Board of Directors of the Alusteel Trading Company, is that the most important aspect of the expansion of the stainless steel industry is increasing opportunities Working and creating a spirit of fair competition among companies, which is reflected positively in raising efficiency, improvement, prosperity, and increasing confidence in the Egyptian product at the local, regional, and international levels.

Engineer Ahmed Magdy, Chairman of the Board of Directors of Alusteel Trading and Engineering Company, added that the basis for developing and modernizing the stainless steel industry in Egypt requires expertise and competencies that possess high technology, especially since the local and African market needs this industry with high technology as an alternative to importing from abroad.

Engineer Ahmed Magdy, Chairman of the Board of Directors of Alusteel Trading and Engineering Company, said that the factory was established on an area of 4,500 square meters in the industrial complex in Obour City. The new factory was established on the latest international systems and was provided with advanced and best equipment and machines in the world, which qualifies Alusteel Trading and Engineering Company to produce large quantities of The largest and fastest supply of commercial kitchen equipment and supplies, with high quality to cover and meet the market

Locally and compete in global markets.

Engineer Ahmed Magdy, Chairman of the Board of Directors of Alusteel Trading and Engineering Company, stressed that Alusteel Trading and Engineering Company has great confidence in the Egyptian market, especially what the country is currently witnessing in terms of establishing huge and multiple projects at the level of cities and governorates of the Republic, and with the state’s constant keenness to support industrial developers, including: Encourage Alusteel Trading and Engineering Company to increase its investments to keep pace with the vision and strategy of the Egyptian state for growth and construction.

Engineer Ahmed Magdy, Chairman of the Board of Directors of Alusteel Trading and Engineering Company, noted that the Egyptian market is growing and developing rapidly despite the difficult global circumstances, indicating that Alusteel Trading and Engineering Company has long-term plans in the Egyptian market and that there are a number of other expansions that will be announced soon. To increase the domestic product, increase job opportunities, increase local investments, and bring in foreign exchange through expanding exports.

Eng. Ahmed Magdy, Chairman of the Board of Directors of Alusteel Trading and Engineering Company, concludes by saying that the industrial sector is considered one of the most important productive sectors in the Egyptian economy, which is evident from the government’s prioritization of encouraging investors to pump their investments into various industries, to increase the sector’s contribution to the national income, in addition to creating many Jobs chances