Egypt’s FM: State works on localization of various sectors

Sat, 18 May 2024 - 05:24 GMT

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.

Egypt plans for $100B in annual exports with new industrial strategy

Sun, 18 Feb 2024 - 04:13 GMT

The government plans to achieve this goal by focusing on the development of the industry sector, enhancing the value of Egyptian products

SCZONE inks $234M deals for five industrial projects

Wed, 24 Jan 2024 - 04:16 GMT

The total investment amount will be divided into LE 1.2 billion and $195 million

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

Sun, 31 Dec 2023 - 03:48 GMT

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

Italian Mapei completes first phase of its $25M factory

Sun, 19 Nov 2023 - 04:46 GMT

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

Qatar commits $1.5 billion investment in Egypt’s industrial sector

Wed, 15 Nov 2023 - 04:07 GMT

Al-Wathiq Billah's highlighted a 47% increase in trade volume between the two countries in 2022

Sports industry valued at $5B in 2023

Fri, 10 Nov 2023 - 12:28 GMT

Hlatshwayo affirmed that Africa's sports industry has potential to drive economic growth and development.

Egypt to enhance export rates in 7 industrial sectors

Sun, 05 Nov 2023 - 03:50 GMT

These sectors include computer manufacturing, electronic and optical products, and metal industries.

Egypt’s Sisi: Main goal of industry sector is meeting local market’s needs

Sat, 28 Oct 2023 - 02:38 GMT

“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

Egyptian president discusses investment with Italy's Danieli Group

Wed, 11 Oct 2023 - 03:45 GMT

President Abdel Fatah al-Sisi received Wednesday Chairman and CEO of Italy's Danieli Group Gianpietro Benedetti.

Localizing electric car industry is consistent with Egypt's vision to reduce import bill: Official

Wed, 11 Oct 2023 - 09:45 GMT

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.

Egypt adopts new strategy to increase industry’s contribution to domestic product by 20%

Thu, 05 Oct 2023 - 10:46 GMT

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.

Highlight: 20 decisions to increase industrial investment in Egypt

Sat, 23 Sep 2023 - 10:37 GMT

The Egyptian government aims to raise industrial investment rates in a sustainable manner, deepen and localize the industry, grow local supply chains, deepen interactions.

Egypt plans to raise industrial production by 19% in FY2023/2024

Tue, 05 Sep 2023 - 02:42 GMT

The industrial sector in Egypt is divided into non-petroleum industries (80 percent), and petroleum industries (20 percent).

Egypt’s manufacturing and extractive industries index dips in June, CAPMAS

Mon, 28 Aug 2023 - 11:32 GMT

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 directs intensifying efforts to develop Egypt’s industry

Sun, 27 Aug 2023 - 03:48 GMT

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.

Egypt targets to raise size of industrial production to LE4.3T in FY2023/24

Mon, 17 Jul 2023 - 03:30 GMT

The report noted that the sector's shares in the GDP and non-oil exports are 16 percent, and 85 percent, respectively.

Egypt seeks to increase industrial production to LE 4.3 trillion in FY 23/24

Wed, 28 Jun 2023 - 06:45 GMT

In its report, the Industry Committee confirmed that the industrial sector is one of the leading sectors in increasing productivity and labor absorption capacity, and growing export capabilities.

Egypt's gov't allocates LE 100.7 bln as direct investments into manufacturing sector

Tue, 30 May 2023 - 08:04 GMT

The allocated investment show an increase of about 20 percent compared to the expected investments of the sector in the previous year, which recorded 84.2 billion pounds.

National project launched to support digital transformation of Egypt's industrial sector

Thu, 18 May 2023 - 07:29 GMT

The Edba [which translates to: Start] Initiative has launched a national project to support the digital transformation of the Egyptian industrial sector.