The most noteworthy industrial achievement is the establishment of 17 industrial complexes in 15 governorates, which comprise a total of 5,046 industrial units. Meanwhile, from 2016 to May 2023, 3,905 industrial plots were allocated, with a total area of 14.8m sqm. The executive regulations for the Egyptian industrial products preference law in government contracts have been issued, along with the Industrial Development Authority law and its executive regulations. It launched the national program to deepen local industrialization, which aims to improve the competitiveness of the Egyptian industry, replace imported products with local products, and create an industrial base of local suppliers. Furthermore, the ministry has issued an unprecedented facilitation package to enable small investors’ access to units in specialized industrial complexes.

Source: The North Africa Journal July 05, 2023 18:00 UTC