The meeting was attended by Major General Walid Abu El-Magd, Deputy Minister, Dr. Alaa Nagi, Chairman of the Holding Company for Food Industries, Ahmed Kamal, Assistant Minister and Official Spokesperson for the Ministry, and Engineer Mohamed El-Sayed, CEO of Misr Oil and Soap Company.
Dr. Farouk discussed mechanisms for increasing the
supply of oils in local markets, ensuring price stability, and preventing any
practices that may harm consumers. He emphasized the Ministry's commitment to
monitoring markets and providing high-quality goods at prices that suit all
citizens. He emphasized the importance of cooperating with national entities to
maintain food security and increase strategic stocks.
He stressed the need to improve operational efficiency
and achieve sustainable growth, with a focus on implementing expansion plans
and increasing production. He also stressed efforts to revive the company's
brands, particularly in the field of cleaning products, to strengthen market
share and meet consumer needs.
Discussions highlighted the importance of increasing
production capacity and increasing the supply of oils at fair prices, which
would contribute to market stability and consumer protection. Representatives
of the Misr Oil and Soap Company affirmed their commitment to providing
high-quality products at competitive prices, expressing their willingness to
increase production in line with local market needs.
Farouk stressed the importance of continued full coordination between the Ministry and its subsidiaries to ensure the implementation of development and expansion plans according to the specified timetables. This contributes to supporting the state's efforts to achieve food security and alleviate the economic burdens on citizens. This move comes within the framework of the Ministry of Supply's commitment to supporting national companies and enhancing stability in the Egyptian market, serving comprehensive economic development plans.