The Egyptian government targets industrial investments amounting to EGP 393 billion during the new fiscal year (FY) 2023/2024, according to the financial report submitted to the House of Representatives.
As per the statement, the investments are projected to generate an industrial output of approximately EGP 393 billion during the planned year, representing a growth rate of 21% compared to the expected industrial output of the previous year, amounting to EGP 325 billion.
The Arab Republic will mainly focus on projects included in the 2023-2024 plan as part of a program to stimulate industrial investment and deepen domestic manufacturing.
The government elaborated that these projects encompass “the establishment of two industrial complexes to serve high-technology industries as part of a scheme to create seven industrial clusters.”
That also includes the completion of infrastructure in the Robbiki city and facilities in the industrial zones in the Sohag Governorate, as well as the industrial zones in the Qena Governorate.
