Egypt Plans to Invest EGP 393 Billion in Industry in FY 2023/24

The financial statement submitted by the government for the new fiscal year 2023/2024 to the House of Representatives (Parliament) revealed that these investments are expected to generate industrial output in the range of EGP 393 billion in the fiscal year of the plan, with a growth rate of 21% over the expected industrial output of EGP 325 billion in the previous year.

The statement also revealed the projects included in the 2024/23 plan within the framework of the industrial investment stimulus program and deepening local industrialization.