Egypt Targets $145 Billion in Exports by 2030

Egypt aims to become a regional industrial and trade hub by 2030, with plans to raise exports to $145 billion, a leading business figure said Sunday.

Hayman Abdullah, a member of the Chamber of Metallurgical Industries, said reliance on imported raw materials remains a major challenge.

He noted the government has begun implementing a clear strategy to close the import gap and strengthen export capacity.

The plan rests on three tracks: replacing imports with local production of strategic goods, boosting exports through economic zones and investment incentives, and expanding into African markets under the AfCFTA trade pact.

Key sectors include chemicals, fertilizers, textiles and processed foods.

The import‑substitution program targets products such as steel, paper, pharmaceuticals and spare parts, supported by tax breaks and preferential energy pricing.

Abdullah highlighted the growing role of the Suez Canal Economic Zone as a logistics hub for Arab and African markets.

He said infrastructure and logistics are central to success, citing upgrades to ports, roads and railways to cut transport costs, along with expanded storage and cold‑chain facilities.

Lower tariffs, improved financing through Afreximbank and trade missions are expected to help Egypt penetrate African markets.

Abdullah warned of risks from global energy price swings, environmental standards and regulatory differences across Africa.

He said success depends on increasing local content, directing new industries toward exports and developing payment systems in local currencies.