CAIRO, Nov 26 (MENA) - President Abdel Fattah El Sisi said Tuesday the Egyptian state made intensive efforts over the past ten years to provide a suitable environment for developing industry, making it a basic pillar of gross domestic product (GDP).

In a speech in the third forum and exhibition for indutrty in Egypt, Sisi pointed out that the Egyptian market represents a large inlet, which enhances investment opportunities internally, in addition to export capabilities.

Egypt enjoys strong relations and agreements with African and Arab countries in this domain, he said, adding good relations are there with European and East Asian countries, which opens up broad horizons for the products of companies operating in Egypt to reach international markets.

The president said the state has worked in an integrated manner to develop the necessary infrastructure for industry, including modernizing ports, airports, road and train networks, in addition to providing electricity and gas, stressing that the state has been keen to establish an appropriate legislative framework that enhances investment incentives and ensures a safe and stable investment environment.

He pointed out that the Egyptian state has developed an integrated investment strategy, in addition to launching the state ownership document that defines the state's role in various sectors, which enhances partnership with the private sector and stimulates industrial growth.

Sisi expressed his warm welcome to the guests and participating companies, wishing them a pleasant and effective stay. (MORE)
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