The report highlighted Egypt’s ongoing efforts to localize and expand domestic industries. It reveals that industrial exports surged by 73.8%, reaching $32.5 billion in FY2023/2024, compared to $18.7 billion in FY2013/2014, an increase of $13.8 billion.
This growth is attributed to targeted measures including streamlined customs clearance processes, improved access to production inputs, and enhanced industrial productivity
This agreement aims to enhance specialized steel industries, galvanization processes, and the production of telecommunications towers while supporting participation in government and public sector tenders within the Saudi market
Madbouly and Al-Khorayef discussed plans to deepen cooperation in mining, particularly in gold exploration, where Saudi companies are already active in Egypt. The minister also expressed gratitude for Egypt's support of Saudi Arabia’s International Mining Conference, which brings together leading global players in the sector.
These industries, deemed essential to Egypt’s economic growth, rely on locally available raw materials and play a critical role in the country’s import substitution strategy.
