The Egyptian government has released around $5 billion worth of goods from ports during the period from December 1st to 23rd, the Cabinet Spokesperson Nader Saad revealed on December 25th in light of a meeting headed by Prime Minister Mostafa Madbouly.

These goods were released out of a total of $14 billion worth of goods stuck at ports since the beginning of the piling up of goods crisis, Saad added.

The remaining goods stuck at ports are valued at around $9.5 billion as of December 25th, Saad maintained, asserting that the government, in collaboration with the banking sector, devised a plan for releasing the remaining goods in a short period.

The plan is set to include the release of bulk goods of an estimated value of about $3.4 billion, he pointed out.

During the meeting, Madbouly stressed prioritizing the release of food items, components of the food industry, and pharmaceutical ingredients, in addition to production inputs.

It is worth noting that the meeting was attended by Governor of the Central Bank of Egypt Hassan Abdallah, Minister of Finance Mohamed Maait, Minister of Trade and Industry Ahmed Samir, and Head of the Egyptian Customs Authority Shahat El-Ghatwary.

On December 21st, Madbouly directed the government to reduce the time required for releasing different goods at ports, particularly strategic commodities.