13 Hrs
Source:
مصراوي
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Industry eyes 20% share
Industry Minister Khaled Hashem said Egypt aims to increase industry’s contribution to the economy from 12.8% to 20% over the next four years, building on its infrastructure, trained workforce and free-trade agreements. The ministry has identified five target industrial groups. Among those presented were industries that can be integrated into supply chains, including food, automotive, electronics, apparel and textiles, pharmaceuticals, and engineering industries, as well as strategic, enabling and complementary industries. Hashem noted that Egypt imports $150 million to $170 million worth of refractory materials each year, along with $160 million worth of alloys and $450 million worth of conveyor belts. The ministry is working to encourage domestic and international investment in these areas.
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