Egypt / Morsi vows more jobs

Egyptian President Mohamed Morsi has said his administration aims to create thousands of new jobs over the next three years.

Morsi made the comments on Tuesday during a speech at the state-owned Iron and Steel Complex in Cairo’s Helwan.

“This bastion expands over 21 million square metres. It is not just a factory, but a symbol of patriotic industry and the Egyptian will,” Morsi said in excerpts of his speech published on his official Twitter account.

President Morsi praised the role of Gamal Abdel-Nasser in promoting national industries during the 1960s.

“From one the bastions of Egyptian industry, I continue what was started by president Abdel-Nasser, Aziz Sedki [Abdel-Nasser’s prime minister] and the elite that established patriotic strategic industries,” he said.

President Morsi’s praise of Abdel-Nasser may have surprised some listeners because the latter was a staunch opponent of the Muslim Brotherhood.

“We have to produce our own weapons and food, and the Egyptian worker is at the core of this production,” he added.

Egypt is one of the largest recipients of US military aid, averaging around $1.2 billion a year. The aid includes weapons and military equipment as well as funds.

Chosen excerpts by Job Market Monitor

via Egypt’s Morsi vows more jobs, end to privatisations – Politics – Egypt – Ahram Online.