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Egypt plans to raise industrial production by 19% in FY2023/2024

Egypt plans to raise industrial production by 19% in FY2023/2024

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The Ministry of Planning and Economic Development aims to raise industrial production by 19 percent in FY2023/2024 to record LE4.3 trillion up from LE3.6 trillion in FY2022/2023, while the target for FY2025/2026 is LE5.74 trillion with a rise of 15 percent in comparison to the previous year.

The industrial sector in Egypt is divided into non-petroleum industries (80 percent), and petroleum industries (20 percent).

The plan includes the efficient use of resources and energy, promoting green methods of production and industries, incentivizing and financing innovations. That is in addition to localizing and upgrading promising industries such as pharmaceuticals.

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