CAIRO – Deputy Prime Minister for Industrial Development, Minister of Industry and Transport Kamel el Wazir has said the industrial sector is one of the files that the Egyptian state pays great attention to in light of the regional and international changes the world is undergoing, in light of the directives of President Abdel Fattah El Sisi.
The Egyptian state works immediately to remove all challenges facing the various industrial sectors, to localize and encourage industry in partnership with the private sector, and attract more Arab and foreign investments within the framework of transforming Egypt into a regional industrial center.
This came during his reviewing the executive stand of the urgent plan for industrial development over 130 days, during the weekly press conference held by Prime Minister Mostafa Madbouli.
He reviewed the most prominent achievements in the file of the General Authority for Industrial Development since he assumed the Ministry of Industry portfolio on July 3, 2024, explaining the most important decisions and recommendations issued by the meetings of the Ministerial Group for Industrial Development, as the group was formed in a decision No. 2227 of 2024 by the premier.
The Group, which includes ministers of environment, military production, electricity, petroleum, housing, public business sector, and chairman of the Arab Organization for Industrialization meets weekly to follow up the implementation of the National Strategy for Industrial Development.
As many as 10 meetings of the ministerial group were held, came out with a set of recommendations, the most important of which is developing the necessary strategies to advance the industrial sector.
Within the framework of this strategy, a plan for the advancement of Egyptian industry was prepared, and the president of the republic approved it during the meeting held on July 8, 2024.
The National Industrial Strategy aims to increase the contribution of the industrial sector to the national product from 14% to 20% annually by 2030, raise the contribution of the green economy to the gross domestic product to 5%.
Job opportunities increase in the industrial sector from 3.5 million to 7 million, and develop the skills of workers and reduce unemployment.
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