industry
Minister Al Wazir underscored the need to produce high-quality, competitively priced goods tailored to local market needs and export opportunities
In his remarks, Minister Badawi reaffirmed the government’s commitment to enhancing the mining industry’s contribution to Egypt’s GDP, with a target increase from the current 1% to between 5% and 6%
Prime Minister Madbouly highlighted Egypt’s vast investment opportunities in the industrial sector, inviting Saudi companies to capitalize on Egypt’s strategic network of free trade agreements. These agreements, he explained, open access to international markets and provide competitive advantages for investors
The ministry has received a request from the Federation of Egyptian Industries (FEI) to provide funding of up to LE 7.8 billion. The proposed funding will be allocated to pharmaceutical, engineering, construction materials, textile, food, and chemical industries.
During an economic summit in Düsseldorf, officials from both countries announced an ambitious goal to boost trade to €9 billion by the end of 2024, a €2 billion increase from the current level of €7 billion.
Egypt’s President Abdel Fattah al Sisi said on Tuesday that the government made a great effort over the past ten years to provide a suitable environment for the development of industry and for it to become part of the country’s local product.
President El-Sisi welcomed the attendees and emphasized Egypt's commitment to enhancing the industrial sector.
The ministries of Industry and the Higher Education held meetings to discuss maximizing the role of scientific research in advancing the industrial and transportation sectors.
Egyptian Minister of the Public Business Sector Eng. Mohamed Shimi revealed plans to develop the spinning and weaving industry.
Among the sectors that are targeted as part of this plan is the industry, and thus, the government has revealed the Egyptian Industry Strategy 2023.
Egypt continues its cooperation with all developed countries to localize information technology industry, said Amr Talaat, Minister of Communications and Information Technology.
Prime Minister Mostafa Madbouly highlighted that the government has a strong interest in the mobile phone industry, both for meeting local demand and for export purposes in a recent cabinet meeting.
The National Initiative for Industrial Development "Ebda" which translates to [Start], received more than 1000 diverse requests during the first year of the initiative's launch, including inquiries about the National Initiative "Ebda" and what it offers, and requests for support from owners of struggling factories.
Similar to its human development counterpart, the Ministerial Group for Industrial Development will convene weekly, with a technical secretariat ensuring operational efficiency and regular reporting to the Prime Minister
CAPMAS also revealed that the food product industry’s index reached 123.72, declining 19.04 percent from March’s 152.81, which the statistics agency attributed to a shortage in raw materials required
Discussions for the new subfund include investors in the food, engineering, and building materials industries, as well as industries related to the manufacturing of railway and train supplies
The Prime Minister added that Egypt’s economic reform is based on several sectors, the most important of which is industry. He noted that the government is working on the localization of various sectors like industry, agriculture, communication and Information Technology.
The government plans to achieve this goal by focusing on the development of the industry sector, enhancing the value of Egyptian products
The total investment amount will be divided into LE 1.2 billion and $195 million
Samir highlighted the ministry's achievements throughout 2023, emphasizing its commitment to developing the Egyptian industry and boosting exports to global markets.
