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.
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.
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.
The Edba [which translates to: Start] Initiative has launched a national project to support the digital transformation of the Egyptian industrial sector.
There are many examples of women who have proved their competency in all fields of production, leadership, and executive positions since the founding of the Arab Organization for Industrialization (AOI), said its head Mokhtar Abdel Latif on Tuesday.
“This shall create more job opportunities in this sector for the people in Damietta and increase Egyptian exports and the national income,” Fahmy said.
The total value of the Finance Ministry's initiative, approved by the cabinet in January, is LE 150 billion, the largest share of which (LE 140 billion) will be used to finance capital money, and the other LE 10 billion is dedicated to financing the purchase of capital goods.
He added that trade, economic and investment relations are witnessing a boom in light of bilateral trade regional and continental agreements.