Egypt targets major industrial expansion in 2025/26 plan

Egypt’s budget for FY 2025-26 allocates 252.8 billion Egyptian pounds to investments in the transformational industries sector, a 154 per cent increase from 2023/24. The private sector is expected to attract 83 per cent of this amount, while public investments will account for 17 per cent, according to a recent statement by the Ministry of Planning, Economic Development and International Cooperation.

Non-petroleum industries received 65.6 per cent of the total investments allocated to the transformational industries sector.

The plan aims to lift industrial output to 6.8 trillion Egyptian pounds against 5.7 trillion Egyptian pounds a year earlier. Meanwhile, the industrial value is targeted to reach 2.9 trillion Egyptian pounds, compared with 2.4 trillion Egyptian pounds a year earlier.

The statement said Egypt seeks to become a regional hub for medium-tech industrial exports by 2030. Strategic priorities include deepening local manufacturing of imports, expanding infrastructure with 17 new complexes, boosting export-oriented industries, developing technical skills, and promoting green industries such as solar, hydrogen, desalination, and electric vehicles.

Non-petroleum manufacturing, the fastest-growing sector, drove 1.9 per cent of GDP growth in Q3 2024/2025 after recording strong double-digit growth in earlier quarters. The ministry said the new plan cements manufacturing as the “locomotive of economic development,” driving jobs, exports, and long-term resilience.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama