Minister of Trade and Industry Nevine Gamea stated that industry contributes 11.7% to the country’s GDP and employs about 28.2% of the total Egyptian workforce, and that its investments amounted to approximately EGP 49bn in FY2020/21, representing about 6% of total public investments. She added that the value of industrial production also increased to around EGP 982bn in 2021 and that Egypt enjoys a diversified industrial base that includes about 150 industrial zones distributed across all governorates. Accordingly, the government has provided 43.5m sqm of industrial lands over the past six years. The government has also granted operating licenses to 63,736 establishments and approvals for the establishment of new industrial projects and expansions for 82,152 facilities that provide 4m direct job opportunities. This in addition to reclaiming 4m feddans and the inauguration of development projects such as the Decent Life Presidential Initiative to develop Egypt’s countryside.
Source: Daily News Egypt June 28, 2022 13:33 UTC