industry
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.
The Regional Area Manager Middle East & East Africa at Mapei, Andrea Perini said that the factory extends over an area of 28,000-meters established on two stages
Al-Wathiq Billah's highlighted a 47% increase in trade volume between the two countries in 2022
Hlatshwayo affirmed that Africa's sports industry has potential to drive economic growth and development.
These sectors include computer manufacturing, electronic and optical products, and metal industries.
“We will work to establish industrial facilities, in which factories bear only the cost of the machines,” he said, noting that the government has established several industrial zones nationwide
President Abdel Fatah al-Sisi received Wednesday Chairman and CEO of Italy's Danieli Group Gianpietro Benedetti.
President of the General Syndicate for Engineering, Metallurgical and Electrical Industries, Engineer Khaled Al-Feki, revealed that there are serious steps Egypt is taking to localize the traditional and electric car industry.
The Egyptian Ministry of Industry is currently approaching the preparation of the national strategy for industry, which focuses on attracting investments to deepen the industry.
The Egyptian government aims to raise industrial investment rates in a sustainable manner, deepen and localize the industry, grow local supply chains, deepen interactions.
The industrial sector in Egypt is divided into non-petroleum industries (80 percent), and petroleum industries (20 percent).
Egypt’s production index of manufacturing and extractive industries for June (excluding crude oil and petroleum products) reached 103.21 in June 2023, dropping by 1.43 percent compared to 104.71 in May 2023
President Sisi was also briefed on the ongoing efforts to establish integrated industrial complexes, and to boost transformative industries as well as priority fields, in which Egypt has an industrial base, opportunities and competitive advantages, at both the regional and international levels.
The report noted that the sector's shares in the GDP and non-oil exports are 16 percent, and 85 percent, respectively.
