Egypt boosts industry with $30 million smart lighting plant and renewable‑energy expansion

Egypt’s Minister of Industry, Khaled Hashem, met with representatives of Al‑Tawakal Electrical‑Gila to launch a $30 million investment for the country’s first smart‑lighting factory. The project targets a 40 % local content rate initially, rising to 80 %, and aims to create about 1,000 direct and indirect jobs. Sixty percent of the factory’s output is planned for export to African and European markets, with the plant expected to open in the final quarter of the year.

In a separate meeting, the minister discussed with Ona Electric Industries the expansion of local manufacturing of electrical components, EV chargers, and energy‑storage solutions. The dialogue highlighted the ministry’s push to increase local content, simplify certification procedures, and support renewable‑energy projects such as solar installations under the “Sun Industry” initiative. Both meetings underscore Egypt’s strategy to deepen industrial localisation, enhance competitiveness, and reduce reliance on imports as part of its broader 2030 industrial plan.