Egypt industrial exports surge to $17.6 bln in H1 2025 - Economy
This figure is up from the $16 billion in exports recorded during the same period in 2024, Minister El-Wazir said during the sixth Egyptians Abroad Conference in Cairo.
El-Wazir added that the increase was a direct result of the country's prioritizing of its industrial sector, according to a cabinet statement.
He highlighted the government's strategy focusing on the establishment of specialized industrial cities, such as the Leather City in Rubiki and the Margham Plastic Industries Complex.
These are part of a wider initiative to build 16 new industrial complexes across 15 governorates, El-Wazir clarified, adding that the plan is designed to strengthen local manufacturing, bolster supply chains, and create new jobs.
Furthermore, he highlighted other key achievements, including the allocation of over 2,000 land plots for industry and the issuance of nearly 2,000 building permits.
He noted that the government has supported over 6,000 factories, ensuring that none were forced to close, the statement added.
The minister detailed new financing initiatives and legislative reforms aimed at attracting investment. He explained that 5,773 new factories have been granted operating licenses, creating more than 230,000 jobs, and that 987 previously stalled factories have been brought back into operation.
This focus on industrial exports is part of an ambitious government plan to boost annual exports to $115.8 billion by 2030 and reduce the import bill.
According to the Central Agency for Public Mobilization and Statistics (CAPMAS), Egypt's total exports reached $44.846 billion in 2024, up from $42.553 billion in 2023.
Imports also increased, reaching $94.69 billion in 2024, compared to $84.22 billion in 2023, according to media reports.
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