Mona Peter

Cornish El-Nile

11431 Cairo

Egypt

Egyptian government to launch $284.3mln Green Industry Program in Q1 2025

The green initiative aims to support the industrial sector with funding worth €271 million.

Madbouly emphasized that Egypt offers many promising investment opportunities in the industrial sector from which Saudi companies can benefit.

Chinese Luthai Group, the largest global producer of dyed fabrics and shirts, regarding their plan to establish their first factory in Egypt.

El-Wazir confirmed that the ministry will fully support the project, including expediting the industrial licensing process and other procedures.

El-Wazir said the government was advancing industrial localisation through incentives and simplified investment procedures.

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