During the session, approval was granted for a new initiative under the private free zone system: Alstom Railways Components Manufacturing S.A.E. The project aims to build an industrial complex in the Borg El Arab logistics and industrial zone.
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.
The agreements entail a minimum investment of approximately $225.3 million, including the drilling of at least 40 wells for the exploration and exploitation of natural gas and crude oil.
The report referenced data from the International Renewable Energy Agency, noting that Egypt ranked first in the Arab world in renewable energy generation capacity in 2023, with a total capacity of 6,709 MW.
This includes paper fruit trays, cup carriers, and egg cartons, both printed and unprinted.
