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Industry Minister: Renewable energy vital for Egypt's industry competitiveness
The article discusses the efforts of the Egyptian Ministry of Industry to promote local manufacturing and harness renewable energy sources. Focus is placed on the "Shams Industry" initiative, which aims to install solar power stations with a capacity of 1,000 megawatts on the rooftops of approximately 7,000 factories, with the goal of reducing production costs and enhancing the competitiveness of Egyptian industry. Additionally, the establishment of Egypt's first smart lighting manufacturing plant was announced, in collaboration with the global company "Signify," with a $30 million investment. The plant aims to export 60% of its production and create a thousand job opportunities.
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