He made the remarks while addressing the inauguration ceremony of the state-owned Alexandria Shipyard company.
"For security reasons, the Alexandria Shipyard had to be within the control of the state, so the Armed Forces were approved to handle it," Sisi added.
The Egyptian president also said that his government is going to press on with the fight against corruption, and development of other state-run insolvent firms.
"Corruption breaks the spirits of the people and makes them feel there is no hope," Sisi warned, adding that turning a deaf ear to something wrong at work is also a kind of corruption.
The Alexandria Shipyard inauguration ceremony was attended by Prime Minister Ibrahim Mahlab, Defense Minister Sedqi Sobhi, Military Chief of Staff Gen. Mahmoud Hegazi, as well as other ministers, public figures and investors, including head of China State Shipbuilding Corporation.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
