Egypt’s Ministry of Industry and Transport is establishing the Egypt Digital Industrial Platform and preparing an industrial map to simplify processes and procedures for investors.
The deputy prime minister for industrial development and the minister of industry, Transport Kamel El-Wazir, announced this during the second meeting of the new cabinet’s industrial development cluster.
Several ministers including Minister of Environment Yasmine Fouad, Minister of State for Military Production Mohamed Salah El-Din, Minister of Electricity and Renewable Energy Mahmoud Esmat, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat, Minister of Local Development Manal Awad, Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny, Minister of Public Business Sector Mohamed Shimy, Minister of Investment and External Trade Hassan ElKhatib, and Minister of Petroleum and Mineral Resources Karim Badawi, attended the meeting.
According to the Ministry’s website, this decision aligns with the new cabinet’s plan to increase the contribution of the industrial, agricultural, and information technology sectors to Egypt’s GDP by 38 percent by FY2026/2027, as per Prime Minister Mostafa Madbouly.
A few years ago, Egypt launched a specialized online platform called “Egyptian Industry” under the Ministry of Trade and Industry (now the Ministry of Industry and Transport).
The platform provides access to introductory, production, and statistical information on all public companies affiliated with the Ministry and mixed and private sector companies.
It offers multiple services, including an industrial map, a list of made-in-Egypt products, data on partnerships and investment opportunities, a list of trademarks, a geological survey, and the one-window service.
However, the new Egypt Digital Industrial Platform will focus on simplifying investor processes and procedures.
El-Wazir emphasized the cluster’s purpose, reaffirming its role in establishing foundations, rules, legislative amendments, and a single mechanism for dealing with investors on an equal footing without exceptions. This will contribute to upholding the principle of transparency before investors.
Additionally, Al-Mashat confirmed that industrial development is a priority for the state’s economic development and increasing net exports. She mentioned that 37 percent of the government’s investments in the current fiscal year (FY2024/2025) are directed towards industrial development, infrastructure, and facilitating industrial zones.
El-Wazir also highlighted that his Ministry adopted a 7-pillar strategy to enhance the industrial sectors and increase the industry’s contribution to Egypt’s gross domestic product (GDP) from 16 percent to 20 percent by 2027.
This strategy includes reducing reliance on imports and meeting local market needs and production requirements by encouraging domestic manufacturers, attracting foreign investors, and expanding the industrial base to increase exports, particularly in green and electronic industries.
Furthermore, the meeting reviewed the implementation of decisions taken during the cluster’s first meeting and discussed which issues they would tackle in the future.
