Tarek Qabeel,  Egyptian Minister Commerce and Industry Tarek Qabeel, Egyptian Minister Commerce and Industry Tech2.org

Egyptian State Driving Industrialisation Forward Featured

News Reports / Friday, 09 February 2018 02:37

Egypt is on the way to growth and industrialisation, and this time, the country really means it. Egyptian Minister of Industry and Commerce, Tarek Qabeel, disclosed this week in an official presentation to journalists. As part of  the new policy measure, the minister disclosed that   13 strategic industrial complexes under construction will soon begin operation in the country. When operational, the complexes will stimulate and impact on activities in such related fields as light manufacturing and processing industries.  According to the minister, 10 of the 13 industrial complexes to be  commissioned are located in Egypt’s Upper East.  The region  is home to more than 3,000 small enterprises, 2,973 factories with annual turnover of about 5.4 billion EUR, and an estimated workforce of 127,000 people. Mr. Qabeel explained that  256 factories with a combined workforce of  5, 865 people, were opened in the Upper East region in the past two years. Most of the newly established factories are involved in food and wood processing operations, while others are construction companies and chemical enterprises. 9% of factories commissioned in the Upper Nile region, under Egypt’s new industrialisation program are based in engineering and electronic sectors of the economy.


In geographical spread, Egypt’s Upper East region includes such cities and towns as Beni Suef, Aswan, Luxor, Qena, Sohag, Assiut, Minya, Red Sea and Fayoum. More than 50 out of the 135 industrial zones in Egypt are located in the region. 

When commissioned, the 13 complexes, worth about 231 million EUR would generate an estimated 43,000 direct employment opportunities in Egypt.  The minister promised that all the complexes will be constructed and commissioned by President Abdel Fattah al-Sisi before the end of 2018.    
 

Afrika247

Media

A Conversation with Tarek Kabil Egypt Forward
Login to post comments

Please publish modules in offcanvas position.