23 Key Sectors to Be Localised in Egypt

The Ministry of Trade and Industry announced its efforts towards bolstering industrial development by localising 23 key sectors, in hopes of reducing reliance on imports.

This initiative will primarily focus on industries that can make effective use of local raw materials. Among the sectors highlighted are solar energy components, batteries, wind energy systems, water desalination technologies, infant formula production and electrical transformers.

To support localisation efforts, new industrial lands have been set aside in approved industrial zones to make it easier for investors to build and operate. The government also plans to offer incentives to investors, simplify the investment process, and improve infrastructure in these zones to ensure smooth operations.