The Egyptian Minister of Military Industry, Sayyed Mashal, announced that the value of military output produced by the ministry’s factories grew to 1.7 billion Egyptian Pounds ($367 million) in 2001, up from EP 1.1 billion in the previous year of 2000, reported Al-Ahram . Addressing the National Security and Defense Parliamentary Committee, the Minister said that military investments totaled EP 615 million and the military exports hit EP 50 million in 2001. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
