21:46 GMT +312 November 2019
Listen Live
    Oxygen-converter plant of the Helwan Metallurgical Combine in the Egyptian town of Nag-Khammadi. The plant is built with the assistance of Soviet experts. File photo

    The Soviet Legacy: Egypt Restores Factories Built With USSR Help

    © Sputnik / Schennikov
    Middle East
    Get short URL
    5305
    Subscribe

    On March 23, Egypt’s President Abdel Fattah el-Sisi approved the creation of a new government organ.

    Along with making several ministerial-level appointments Wednesday, the president, for the first time in Egypt’s history, established a Public Business Sector Ministry.

    Mahmud Badr, a member of the 'Support Egypt' parliamentary bloc, told Sputnik that this move came as a response to repeated pleas by the populace for the government to take charge of restoring the country’s many non-functioning industrial facilities.

    "For several years now we've been getting requests from the populace to revitalize the state sector and to return the previously privatized companies [that no longer operate] under the government's control," Badr said.

    Most of the industrial facilities in question were founded and constructed back during the time of President Gamal Abdel Nasser, but no longer operate because they were privatized, and the private sector is apparently not interested in their restoration.

    "The factories built with Soviet support, during the time of leader Gamal Abdel Nasser, will once again come after returning to the public sector… It is an important step in Egypt’s reconstruction," Badr remarked.

    Related:

    Russia Not Ready Yet to Resume Tourist Flow to Egypt
    Russia to Supply President-S Aircraft Defense Systems to Egypt in Weeks
    Five People Killed, 10 Injured in Attack on Military Camp in Egypt
    Tags:
    ministry, public sector, development, reconstruction, factory, Abdel Fattah el-Sisi, Egypt
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik