FEI expects Egypt industrial sector to grow 8% in H2 of FY2016/17

Federation of Egyptian Industries (FEI) expects that the country’s industrial sector is set to achieve eight percent-increase within the second half of financial year 2016/2017.

Mohamed El-Sewedy, FEI president, said in a press conference Wednesday that the growth rate will be boosted, if the government could end informal economy‘s presence as well as re-operate faltering factories.

El-Sewedy added that the financial year 2017/2018 is to be a year of Egyptian industry.