Egypt: NI Capital Official Review Restructuring Military Production Firms
Source: www.export-egypt.com 11/14/2017
Ministers Mohamed el Assar of Military Production and Hala el Said of Planning had talks with NI Capital Chief Operating Officer Ahmed Saad on financial restructuring of military production companies.
The talks also took up means of securing needed funds for supporting investment projects meant to develop military production companies.
During the meeting, Assar said the ministry's experiment of NI Capital's restructuring of Helwan for Engineering Industries marks the launch of a plan for restructuring all military production companies.
He said the ministry seeks to develop the production process, improve the quality of products and hone skills of the companies' workers.
He cited these companies' key role in supporting state bodies and catering for the needs of the Armed Forces.
The minister of planning said the restructuring process will contribute to upgrading the company's production and magnifying its revenues.
NI Capital Chief Operating Officer Ahmed Saad voiced hope that the company would play a pivotal role in developing military production companies to up their growth rates.
NI Capital is an independent, privately-managed financial institution that aims to support the transformation and development of the Egyptian economy.