Egypt’s industrial sector awaits important decisions in 2018

CAIRO – 7 January 2018: The Industrial sector is awaiting a number of important events and decisions in 2018 that will help boost the sector.

These decisions include:

-The full automation of the Industrial Development Authority.
-The withdrawal of 4,700 unused land plots from developers.
-Implementation of the Industrial Permits Law and its executive regulations.
-The provision of some 17 million meters of land during 2018.
-The completion of the cars manufacturing strategy.
-Amending Law no. 141 pertaining to small- and medium-sized enterprises.
-The start of the second phase of Egypt's Al-Robeky industrial zone for leather tanneries.
-The offering of 13 industrial complexes in 12 governorates in 2018.

The Trade ministry had launched several strategies recently with the aim of boosting industries and exports. It revealed a strategy to almost double the nation’s exports by the year 2020 to $34 billion.

It includes implementing new export plans, as well as targeting new markets for cement, agricultural products, ready-made clothes, construction materials, chemical products and engineering and electronic goods.