Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Tarek Abou El-Enein to Latin American Amb.: Egypt Lives Golden Age of Industrialization


Fri 26 Nov 2021 | 06:34 PM
Rana Atef

Tarek Abou El-Enein, the Deputy Chairman of Cleopatra Group held a meeting with 12 Latin-American ambassadors at Ceramica Cleopatra factories in Ain El Sokhna on Friday.

Abou El-Enein expressed his sincere gratitude for the ambassadors, alongside showing his appreciation for the role of the Ministry of Foreign Affairs in deepening Egypt's political and economic ties with the Latin American countries, and for the Deputy Foreign Minister for Latin American Affairs Ashraf Mounir for his efforts in organizing the visit for the diplomates.

The businessman highlighted the close relationships between Egypt, and Latin America regardless of the distance, adding that some of the Latin American countries are a good market for the group's products such as the Dominican Republic, Trinidad and Tobago, adding that the group's products are used in Japan in Metro stations and airports.

He commented on the government's vision for increasing Egypt's exports to $100 billion, saying that it is not impossible to achieve; as exports are a vital part of any industry after supplying the local markets with their needs.

Abou El-Enein continued that this achievement requires a lot of hard work, and cooperation between all industry men in Egypt, expressing that he is looking forward to Ceramica Cleopatra's participation in raising Egypt's exports.

New markets opened their doors for Egyptian products as they experience overpriced shipping expenses; due to the jump in oil and gas prices, and high costs of exportation, making Egypt a perfect location for these countries, the businessman explained.

He added that Cleopatra Group is capable of competing against any other competitors in Latin countries, including ones in Brazil, and Mexico.

After that, the vice-chairman talked about the government's efforts in urbanization, and industry. He said that Egyptian authorities established 14 new cities that will receive two million citizens each, and provided them with high-quality services and infrastructure, which guarantees a decent life for all Egyptians.

He added that the new projects strengthen the supply and demand chains in the market for the building materials, including ceramics.

Egypt's establishment of mega projects didn't ignore the needy classes, and it provided them with several social security programs and initiatives for creating a sense of social balance and stability, Abou El-Enein asserted.

He reviewed Egypt's grandest social program, "Decent Life" and how it targeted the impoverished to improve the quality of their lives and give them good quality services such as education, and health.

It is worthy to mention that the visit of the ambassadors is part of their tour for tourist destinations and grand industrial projects in Egypt, alongside having civil visits for several sites after the success of the Iberoamericana week's activities in Alexandria last month.

Abo El-Enein called on the ambassadors to promote tourism in Egypt, as all flights between the Latin countries and Egypt are currently operating, in addition to the presence of the breathtaking sites in Egypt.

Finally, he talked about the latest Avenue of Sphinxes opening ceremony, describing it as the biggest promotional campaign for Egypt's tourism and culture.