Metwally Targets $100B Non-Oil Exports
Egypt's conference aims to increase the value of non-oil exports to $100 billion by 2030, in an effort to boost productive sectors and reduce dependence on foreign currency sources. Exports have risen from about $40 billion two years ago to $48 billion last year, reaching approximately $25.5 billion in the first half of this year. Egypt relies on expanding local manufacturing, especially in industries such as manufacturing, energy, information technology, tourism, and agriculture. Over 160 factories have been established in the Suez Canal Economic Zone, with expectations to open around 200 additional factories over the next two years, aiming to boost production capacity and create new job opportunities. This is linked to investments in infrastructure—such as electricity, water, roads, and ports—to enhance exports and achieve sustainable economic growth.
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