Egypt set to launch digital platform to boost industry

Egypt has introduced a Digital Industrial Platform and an industrial map to streamline investment, cut bureaucratic delays, and improve the investment climate. This initiative was announced at the second meeting of the Ministerial Group for Industrial Development. The platform aims to enhance the investment process and foster economic growth.

Moreover, the Minister of Planning and Economic Development and International Co-operation, Rania Al-Mashat, highlighted the importance of industrial development in Egypt’s economic strategy. She emphasised that industrial development is a top priority for the state, aiming to achieve economic growth and increase exports.

According to Al-Mashat, 37 per cent of government investments in the current fiscal year are allocated to industrial development and infrastructure. This significant investment underscores the government’s commitment to enhancing the industrial sector, increasing exports, and achieving sustainable economic growth.

She noted that various development partners collaborate with national entities on numerous projects to maximise industrial development opportunities. These collaborations aim to increase investments through facilitated financing, technical support, diagnostic reports, and studies, further supporting the growth and modernization of Egypt’s industrial sector.