Egypt achieves industrial growth rate of 7 % during Q1 FY2017/18

Egypt’s industrial growth rate has reached 7 percent by the end of the first quarter of the current financial year according to the Minister of Industry and Trade Tarek Qabil.

The minister added that the industrial growth rate has registered -17 percent during 2017.

Qabil has made these remarks during Industrial Development Authority ceremony to launch a promotional programme for the industrial licensing law, pointing out that Egypt has achieved the highest industrial growth rate in the world during June, July, August according to international institutions.