Sisi moves to expand Egypt’s industry amid global trade pressures

President Abdel Fattah El-Sisi convened a high-level Cabinet meeting Wednesday to accelerate Egypt’s industrial growth and attract foreign and Arab investment, part of a strategy to position the country as a regional manufacturing hub amid global supply chain pressures.

Meeting with Prime Minister Moustafa Madbouly, Deputy Prime Minister for Economic Affairs Hussein Eissa, and key ministers overseeing transport, investment, and industry, Sisi emphasised the government’s commitment to removing barriers that hinder investment and industrial development. According to presidency statement, the discussion focused on ensuring the availability of raw materials and production inputs, supporting local manufacturers, and encouraging partnerships with the private sector.

The meeting also addressed pressures on domestic industries from rising production costs and global trade disruptions. The president stressed the importance of safeguarding Egypt’s economy from harmful international trade practices, stabilising production chains, and maintaining sufficient foreign currency reserves to secure strategic commodities and industrial inputs.

State-backed manufacturers, particularly in textiles, food processing, and building materials, are expected to benefit from improved access to inputs and streamlined investment procedures, the officials said.

The meeting reflects Cairo’s dual strategy: stimulating local industry to create jobs and drive economic growth, while simultaneously attracting foreign and Arab investment to strengthen Egypt’s position in regional trade networks. By expanding investment and protecting domestic industry, the government aims to boost productivity and competitiveness in a global market increasingly shaped by supply chain disruptions, rising costs, and trade uncertainties.

Attribution: Amwal Al Ghad English