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Madbouli Announces 160+ Factories Growth
Over the past three years, the Suez Canal region has seen the establishment of more than 160 new factories. The government plans to open over 200 additional factories in the next two years, aiming to create job opportunities, ensure employment stability, and strengthen the local industry. Non-oil exports have increased from $40 billion two years ago to $48 billion, reaching $25.5 billion in the first half of this year. The government is targeting to boost exports to $100 billion by 2030, with a focus on building a sustainable economy based on genuine productive sectors.
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