Egypt strengthens private sector partnership to drive industrial growth
Egypt is expanding its collaboration with the private sector as a key pillar of its National Industry Strategy (2024-2030) to accelerate industrial growth, localise manufacturing, and establish itself as a regional industrial hub. The strategy aims to raise the industrial sector’s GDP contribution from 14 per cent to 20 per cent by 2030 while increasing the green economy’s share to 5 per cent.
Minister of Industry and Transport, Kamel El-Wazir, highlighted during the 11th edition Akhbar Al-Youm Economic Conference that private sector-led management of industrial zones is central to easing financial burdens on the state and attracting investment. To support this, a ministerial group has been expediting land allocations and simplifying licensing since July 2024.
The government is also prioritising green industries and job creation, targeting 7-8 million new jobs through the integration of small factories into the formal economy and the revival of inactive facilities. Additionally, 152 investment opportunities have been localised, and 531 industrial facilities established across 76 categories to reduce import reliance. Key industries—including pharmaceuticals, textiles, chemicals, and mining—will benefit from targeted incentives, while new regulations will ensure that industrial land is used for its intended purpose.
To meet growing investor demand, Egypt is expanding major industrial zones, including 10th of Ramadan, Sadat, and Gamasa. The strategy also prioritises the rapid localisation of 23 high-potential industries, such as EV batteries and solar energy. Meanwhile, the Investor Support Unit has resolved 258 of 1,334 complaints since July 2024, with weekly meetings held across 12 governorates to address investor concerns.
El-Wazir reaffirmed Egypt’s commitment to industrial expansion, sustainability, and global competitiveness, positioning the country as a leading regional manufacturing hub.
Attribution: Amwal Al Ghad English