The General Authority for the Suez Canal Economic Zone (SCZONE), chaired by Waleid Gamal El-Dien, has launched its first roadshow to Türkiye to promote investment opportunities in Egypt.

The Egyptian government has developed a comprehensive strategy to advance the country’s iron and steel industry over the upcoming 10 years, Prime Minister Mostafa Madbouly announced.

The General Authority of the Suez Canal Economic Zone (SCZONE) has signed a contract with China’s textiles firm EVERFAR to establish EVERFAR Textile Egypt LLC in the Qantara West Industrial Zone with total investments of $130 million.

Exports of the Egyptian engineering industries and electronics sector are experiencing significant growth, showcasing the country's potential as a key player in the global market. This growth reflects not just favorable market conditions, but also deliberates strategic initiatives to enhance Egypt's export capacity. While challenges such as bureaucratic hurdles and dependency on imported materials remain, the sector’s outlook is optimistic, with substantial potential for expansion into new markets and niches.

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir has visited Oriental Weavers’ headquarters in the 10th of Ramadan City.

The Ministry of Transport and Industry has launched the first phase of the Egypt Industrial Digital platform on Sunday, September 1st, in partnership with e-finance.

The Atico Factory for Wood Industries, affiliated with the Arab Organization for Industrialization (AOI), has signed a memorandum of understanding (MoU) with Romania’s Antares International, specialized in wood industries, to establish a joint line for hydraulic chairs production.

The Egyptian government is planning to set up three strategic factories for locally manufacturing car components and raw materials.

The Egyptian economic landscape is propelled by a diverse range of industries, with the chemicals sector playing a crucial role in driving exports and fostering economic growth. The chemical industry encompasses a vast array of sub-sectors, churning out a multitude of products. These products are not only essential for domestic use but also have a significant impact on Egypt's trade balance by reducing import reliance and maintaining its competitive edge in global markets.

The value of industrial production in Egypt totaled EGP 1.2 trillion in fiscal year (FY) 2022/2023, Minister of Trade and Industry Ahmed Samir announced.

The Egyptian Minister of Finance Mohamed Maait has announced several financial incentives and benefits to support the industrial sectors with top strategic priorities.

Egyptian Prime Minister Mostafa Madbouly has met with a delegation of 15 German companies to discuss potential investment opportunities and expansion plans in the Egyptian market over the coming period.

eAswaq Misr, the e-commerce subsidiary of e-Finance Investment Group, has signed a cooperation protocol with the Industrial Modernization Center (IMC) to encourage local industry and boost exports.

The Egyptian government has initially identified seven major strategic industries to benefit from the tax exemptions announced last August.

Transformative industries are an important contributor to Egypt’s economy for playing a role in securing local demand and increasing exports. Such industries include furniture manufacturing, wood and paper production, as well as beverage production, with its index hitting record highs in March.

The Sovereign Fund of Egypt (TSFE) and Indorama Corporation signed a memorandum of understanding (MoU) to study investment opportunities in a group of fields in Egypt.

Prime Minister Mostafa Madbouly announced that around 152 industries were selected to be localized in Egypt, with the aim of boosting the country’s industrial sector.