TIGARA project holds 1st meeting to promote sustainable industrial growth in Egypt

The meeting brought together stakeholders to discuss the project's objectives and set priorities for the upcoming year.

The TIGARA project, funded by the European Union and implemented in collaboration with the United Nations Industrial Development Organization (UNIDO), aims to enhance Egypt’s industrial competitiveness, expand trade, and support long-term economic development.

As part of its 2024-2027 government programme, Egypt seeks to localize its industry and strengthen its industrial capabilities.

In November 2024, Prime Minister Mostafa Madbouly revealed that the country plans to increase the industrial sector's contribution to national GDP from its current 14 percent to 20-30 percent.

In addition, the newly formed government, which took office in July 2024, has set ambitious targets to grow the industrial sector’s contribution from 17 percent to over 31 percent by FY2026/2027.

The government also aims to boost trade and increase exports to $145 billion by 2030.

Furthermore, Egypt plans to reduce customs clearance time to just two days by 2025 to facilitate trade further.

These initiatives align with the TIGARA project’s goals of enhancing market access and expanding Egypt’s global trade footprint.

This project is a joint initiative involving Egypt’s Ministry of Industry, the Ministry of Investment and External Trade, and the UNIDO.

The committee members discussed key priorities during the meeting and approved the project’s 2025 work plan.

They also emphasized collaboration's importance in aligning the project’s objectives with Egypt’s national development goals.

Giacomo Bogo, programme manager for trade, investments, and digital transformation at the EU delegation to Egypt, highlighted the project’s role in strengthening the EU-Egypt partnership.

He said the project aims to enhance industrial resilience and competitiveness, supporting long-term and inclusive growth.