Trade minister offers businesses 83 investment opportunities

This came after conducting an in-depth analysis of Egyptian imports, where 131 products were found eligible to be manufactured locally rather than being imported from abroad, Gamea said in a statement by the ministry.

“The political leadership attaches great importance to the expansion and development of specialised industries in Egypt,” Gamea said, noting that the ministry has so far established 17 industrial complexes across 15 governorates, up to 5,046 industrial units nationwide at a total investment cost of about EGP 10 billion.

Gamea added that an extensive survey on industrial lands has been conducted across all governorates, and promised to provide all forms of support to investors looking to invest in manufacturing products that are imported from abroad.

A committee will meet periodically to review all land requests and other priorities before granting land to investors, she noted.

Within this context, the government has launched many initiatives over the past two years to help reduce the burden on exporters, Gamea said, referring to the positive impact they had on Egypt’s economy with exports exceeding the $32 billion barrier, an unprecedented growth in Egyptian history.

Egypt achieved the largest export volume in its history in 2021, with non-oil exports reaching $32.1 billion, up from the $25.4 billion recorded in 2020, an increase of 26 percent.