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Egypt industrial development and export support efforts

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2026-09-21 16:55 UTC → 2026-09-21 17:55 UTC · added ~~removed~~

Egypt industrial development and ~~localization~~ export support efforts

Egypt's Ministry of Industry has initiated efforts to strengthen the national manufacturing sector through both high-level strategic planning and localized administrative reforms. Initially, Minister of Industry Khaled Hashem met with the Arab Organization for Industrialization to discuss technology localization and enhancing local manufacturing capabilities. This initiative aims to support ‘Egypt’s Vision 2030’ by increasing the added value of national industry, reducing reliance on imports, and boosting exports through the local design and production of components. Efforts to support specific regions have progressed through discussions between Minister Hashem and Giza Governor Ahmed Al-Ansari regarding the legalization of investor statuses in the Gerza and Arab Abu Saed industrial zones. Infrastructure improvements, including gas, electricity, road services, and the construction of the Gerza bridge, remain priorities. Furthermore, the Ministry is targeting sector-specific growth, notably within the furniture industry, by bridging the gap between designers and producers to increase export volumes. In a parallel effort, Minister of State for Military Production Salah Gamblat has committed to utilizing surplus production capacity from military-affiliated companies to manufacture high-quality civilian products. Expanding its international outreach, Minister Hashem met with Spanish Ambassador Sergio Roman Caranța Forster to discuss strengthening industrial cooperation and attracting Spanish investment in sectors such as textiles, automotive, and renewable energy. To facilitate this, the Ministry is promoting a new ‘Industrial Franchise’ system to reduce procedural burdens for small and medium-sized ~~enterprises and seeking technology transfer from Spain. Building on~~ enterprises. Complementing these ~~objectives, Prime~~ industrial goals, Minister ~~Mostafa Madbouly has reaffirmed that stimulating local production~~ of Investment and ~~increasing exports are top government priorities. He~~ Foreign Trade Mohamed Farid has ~~emphasized~~ moved to enhance commercial representation. Farid oversaw the ~~necessity~~ swearing-in of ~~creating~~ 15 new members of the Egyptian Commercial Service, describing the agency as the ‘spearhead’ for the Egyptian economy. He called for a ~~stable investment climate~~ shift toward ‘effective targeting’ to ~~attract foreign direct investment~~ proactively identify markets and ~~localize strategic industries.~~ sectors.

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