The food industry has investments exceeding 500 billion EGP, with over 7,500 officially operating establishments and more than 7 million job opportunities. Furthermore, the food industry represents approximately 14% of Egypt’s total exports, highlighting its significance in driving growth and international trade.
Minister of Investment and Foreign Trade, Hassan El-Khatib, participated in the activities of the third Food Industry Conference, titled Food Egypt. The minister emphasized that the food industry sector is a critical pillar of Egypt's national economy, significantly contributing to both production and export activities.
The food industry has investments exceeding 500 billion EGP, with over 7,500 officially operating establishments and more than 7 million job opportunities. Furthermore, the food industry represents approximately 14% of Egypt’s total exports, highlighting its significance in driving growth and international trade.
According to El-Khatib, the food industry is not only a major driver of exports but also a critical enabler of sustainable economic growth. Over the past five years, the sector has achieved steady growth in exports, even amid global economic pressures. This resilience is attributed to the high reliance on local components in production, which strengthens the sector's ability to adapt and thrive in dynamic markets.
The conference aimed to discuss strategies for strengthening the role of the food industry in supporting the Egyptian economy and achieving sustainable development.
The government views the food industry as a cornerstone of its strategy to achieve increasing and sustainable economic growth. He noted that boosting exports, particularly commodity exports, is one of the primary pillars underpinning government policies aimed at achieving increasing and sustainable economic growth. Strengthening exports fundamentally relies on fostering investment, manufacturing, and employment.
He further pointed out that the food industry sector is among the top export sectors that have witnessed consistent growth over the past five years, despite various economic challenges. Additionally, it is one of the sectors where the local component plays a key role in production. Investments in the food industry sector have also seen notable growth.
