Egypt's Industrial Boom: National Strategy Targets Major GDP Growth by 2030

February 19, 2025
Egypt's Industrial Boom: National Strategy Targets Major GDP Growth by 2030
  • Robeiky Leather City is a major hub for the leather industry, currently operating 213 factories and planning further expansion.

  • A fast-track industrial development plan launched in 2024 focuses on seven key pillars designed to stimulate growth and attract investment.

  • The number of industrial zones in Egypt has increased by 21.5 percent, rising from 121 zones in 2014 to 147 zones in 2024.

  • Egypt is making significant strides in its industrial sector, aiming to strengthen local manufacturing and increase exports as part of its strategic initiatives.

  • The Industrial Investors Financing Program for 2024 provides EGP 30 billion in financial support to help investors acquire essential equipment and machinery.

  • Public investments in non-petroleum manufacturing have skyrocketed by 205.8 percent, totaling EGP 15.9 billion in FY2023/2024, compared to EGP 5.2 billion a decade earlier.

  • Gypto Pharma City has emerged as the largest pharmaceutical manufacturing hub in the Middle East, currently producing 65 million medicine packages annually, with plans to expand production significantly.

  • The National Industry Strategy for 2024-2030 is set to boost the industrial sector's contribution to GDP from 14 percent to 20 percent by the year 2030.

  • Industrial exports have surged by 73.8 percent, reaching $32.5 billion in the fiscal year 2023/2024, a significant increase from $18.7 billion in 2013/2014.

  • The 2024 Gas Debt Repayment Program is set to benefit 1,700 industrial clients by allowing them to settle overdue gas payments with minimal upfront costs and no interest.

  • The Silo Foods Industrial City plays a crucial role in Egypt's food security strategy, boasting a production capacity of 750,000 tons per year.

  • The non-petroleum manufacturing sector also experienced a growth of 5.9 percentage points, reaching 7.1 percent in the first quarter of FY2024/2025.

Summary based on 1 source


Get a daily email with more Africa News stories

More Stories