A look into "Start initiative" after 6 months of its launch

Since its inauguration, the National Initiative of Developing Egyptian Industry “Start” has secured 64 investment partnerships to establish industrial entities along with 23 foreign companies, which is expected to contribute to reducing the import bill and increasing exports by $16 billion.

 

Moreover, the initiative was able to localize 23 new industries for the first time in Egypt, such as the manufacturing of soda ash, silicon in the petrochemical sector, air conditioning and refrigeration compressors, central air conditioners, welded pipes, pharmaceutical raw materials and components of drinking water and sewage plants.