Over $2B investment in 9 key Egyptian industrial projects during 2023

CAIRO - December 31, 2023: The Minister of Industry, Ahmed Samir, announced the signing of 12 agreements and partnerships in nine integrated industrial projects, with a total investment exceeding $2 billion during 2023. These projects span sectors such as agriculture, pharmaceuticals, metals, chemicals, and electric cars, and are part of the industrial partnership initiative involving Egypt, the Emirates, Jordan, and Bahrain.

 

Samir highlighted the ministry's achievements throughout 2023, emphasizing its commitment to developing the Egyptian industry and boosting exports to global markets.

 

In terms of industrial lands, the ministry allocated 1,099 plots covering a total area of 4.167 million square meters to investors in 2023. The total number of units in industrial complexes reached 3,298 across 16 complexes. The Housh Issa Industrial Complex in Beheira Governorate was inaugurated, featuring 864 industrial units in various sectors.

 

Operational licenses for 23,446 industrial facilities were granted, along with 9,970 industrial records across diverse activities. The ministry issued 872 building permits. Additionally, 1,945 studies were conducted to explore customs reductions for sectors like transportation, household appliances, lighting tools, fractional motors, and various products.

 

In the field of product development, 2,717 studies were carried out, encompassing government agencies' needs, determining local component percentages for tenders, and value-added certificates. Furthermore, 3,619 technical studies were conducted for tender requests, accompanied by 22,345 technical inspections and 370 technical consultations for hazardous chemicals.

 

The Ministry facilitated 80 contracts for the sale of industrial lands, covering an area of 752.5 thousand square meters. The annexation of six industrial zones was completed, amounting to LE 219.5 million.

 

Environmental approvals for licenses numbered 10,915, and 2,110 civil protection inspections were conducted for prior notification licenses.

 

In relation to the Rubiki Leather City, the first phase reached 100 percent completion, the second phase 85 percent, and the third phase 98 percent. The efficiency of the first phase of sewage stations was enhanced by 95 percent.

 

Moreover, contracts for 113 industrial units were handed over to 60 investors in the two industrial complexes in New Fayoum.