Egyptian gov't works to increase private sector's contribution to national economy to 65%

The government is also continuing to improve the investment environment to become more attractive through developing the relevant legislative framework, removing bureaucratic obstacles, and facilitating procedures related to new business registration, Madbouly added.

The prime minister made the remarks during a tour he made on the fringes of the 15th BRICS Summit held in South Africa.

Madbouly is participating in the summit on behalf of President Abdel Fattah El-Sisi.

The premier's tour included the automotive industry modernization center and a group of auto factories, where he visited a number of production, assembly and spare part sites.

He was briefed on production stages, training mechanisms, distribution plans, and the incentives granted by the South African government to factories.

The prime minister met with members of the African Association of Automotive Manufacturers (AAAM), in the presence of the President of Ford Motor Company Africa Neale Hill, CEO of AAAM David Coffey, in addition to Mike Whitfield, the Nissan Group Strategic Advisor and the President of AAAM.