During 9 years.. Establishing 17 industrial complexes in 15 governorates

Engineer Ahmed Samir, Minister of Trade and Industry, confirmed that the industry and trade sectors have achieved tangible development during the past 9 years, since President Abdel Fattah El-Sisi assumed the presidency in 2014.

The Egyptian government, with the support and directives of the political leadership, has given unprecedented attention to developing industrial sectors and increasing export rates, as they are among the pillars of the national economy and the locomotive of comprehensive economic development in Egypt.

The minister said that Egypt possesses all the industrial ingredients that qualify it for regional and continental leadership, as it has raw materials, qualified human cadres, traditional and renewable energy sources, in addition to the state's supportive policy for the industrial sector through an appropriate environment and legislative and procedural packages that support industrial investment.

The government spares no effort to advance the national economy and revitalize the productive and export sectors to increase its contribution to the gross domestic product and double its exports to foreign markets, which is reflected in the decisions that the state constantly takes to facilitate the masses of investors, manufacturers and emerging companies.

Industry achievements from July 2014 to June 2023

The industry’s achievements during the period from July 2014 to June 2023 included industrial development indicators, which included the establishment of 17 industrial complexes in 15 governorates, with a total of 5046 industrial units. The construction of these industrial complexes has been completed by 100%.

Creation of new industrial cities

In the report issued today, the Ministry of Commerce and Industry stated that the achievements included the establishment of new industrial cities, including the leather city in Rubiki on an area of 506 acres, where the first phase was completed by 100%, the second phase by 45% and the third phase by 95%.

Local Development Program in Upper Egypt

Achievements also included the implementation of the local development program in Upper Egypt, which is a project to implement infrastructure works for networks (water - sewage - roads - electricity - communications - natural gas) in the regions of West Gerga, West Tahta in Sohag Governorate, and the two regions of Qeft and He in Qena Governorate.

Offering industrial lands

In addition, industrial lands were offered during the period from 2016 to 2020, including roads, services, green spaces, and parking spaces, amounting to 37 million square meters. The number of industrial plots allocated from 2016 to May 2023 reached about 3,905 plots, with a total area of 14,800,000 square meters.

In another side, Tuesday, the Central Agency for Public Mobilization and Statistics issued the monthly bulletin of foreign trade data, April 2023. The value of the trade balance deficit amounted to $2.33 billion during April 2023, compared to $1.89 billion for the same month of the previous year, with an increase of 23.8%.

Among the most important indicators, the value of exports decreased by 44.9%, reaching $3.03 billion during April 2023, compared to $5.50 billion for the same month of the previous year. Crude oil by 48.2%, ready-made clothes by 34.1%.

While the value of exports of some commodities increased during the month of April 2023 compared to the same month of the previous year, the most important of which are (bars, sticks, angles and wires of iron by 568.8%, dough and various food preparations by 35.6%, fresh onions by 65.8%, dairy products by 1.4%).

The value of imports decreased by 27.4%, reaching $5.36 billion during April 2023, compared to $7.38 billion for the same month of the previous year. 33.6%, raw materials of iron or steel by 52.4%, while the value of imports of some commodities increased during the month of April 2023 compared to the same month of the previous year, the most important of which are: (oil products by 13.8%, maize by 61.3%, natural gas by 16.6%, Iron ores and concentrates by 5.2%.