Egypt to establish digital platform for industrial sector

In a bid to increase the industrial sector’s attractiveness, the Ministry of Transportation and Trade is working on developing a new digital platform directed at potential investors, as well as a new industrial map.

In a high-level meeting with several ministers on Monday, Deputy Prime Minister and Minister of Industry and Transport, Kamel Al Wazir, shared that the new Egypt Digital Industrial Platform seeks to streamline processes and procedures for investors, promoting transparency and ease of operations.

Al Wazir emphasized the platform's role in simplifying interactions with investors, stating that it is designed to facilitate investment by reducing bureaucratic hurdles.

The platform will provide comprehensive services, including an industrial map, details on investment opportunities, and streamlined administrative procedures.

Al Wazir also highlighted his ministry’s adoption of a comprehensive 7-pillar strategy aimed at bolstering Egypt's industrial sectors, aiming to elevate the industry's contribution to the country’s GDP from 16 percent to 20 percent by 2027.

This includes reducing dependency on imports, fostering local manufacturing, attracting foreign investments, and expanding industrial capabilities to boost exports, particularly in green and electronic industries.