Egyptian Head of investors' union urges production increase, job creation

Head of Egyptian Union For Investors Associations (EUIA) Mohamed Farid Khamis said on Tuesday that Egypt goes through a critical stage in its history urging businessmen to increase productivity and create more jobs.

During an EUIA's meeting, Khamis described a meeting with Prime Minister Ibrahim Mahlab as fruitful in finding solutions for issues facing investors.

About 57 investors attended the meeting with Mahlab along with ministers of finance, industry and investment.

Today's EUIA meeting listed issues in the sectors of textile, engineering industries, furniture, food production and mining.

The union discussed main reasons which took Egyptian industry back, he said, adding, exports dropped 23 percent in the first quarter of 2015.