Egypt's Industrial Boom: National Strategy Targets Major GDP Growth by 2030
February 19, 2025
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
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EgyptToday • Feb 19, 2025
$13.8 billion increase in Egyptian industrial exports over 10 years