Egypt industry: Govt. pledges support for struggling factories, serious investors

Egypt’s Ministry of Industry has pledged to assist struggling factories and support industrial investors who meet the authority’s conditions. The ministry plans to collaborate with various state agencies to streamline processes and facilitate investment, to boost production.

Minister of Industry Kamel Al-Wazir further emphasised that strict penalties will be enforced to deter land speculation, ensuring that only genuine investors are prioritised. This move aligns with the state’s objectives to enhance industrial development and employment. Additionally, the ministry shall provide unused assets of industrial land acquired from the public enterprise sector, the Ministry of Agriculture, and other relevant bodies for industrial use.

Notably, the ministry encourages investors to apply for land through the Industrial Investment Map.