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المصري اليوم
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2026-11-04T08:28:40.000Z

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New Body to Support Steel

New Body to Support Steel

Egyptian Prime Minister Mostafa Madbouly announced at the 19th Arab Steel Summit in Cairo that the government was considering establishing a specialized institution to serve as a link between the Ministry of Industry and companies in the sector. It would prepare studies, analyze markets, and provide advice to help anticipate challenges and opportunities. He said the government would take measures to protect domestic industry where legal and economic grounds warranted, while working to lower production costs and strengthen competitiveness and sustainability. Support plans include establishing 10 technical schools in cooperation with the private sector and increasing industry’s share of GDP to around 30% by 2030.

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