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Industry Ministry launches first industrial investment map includes 4,136 opportunities - Daily News Egypt

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Industry Ministry launches first industrial investment map includes 4,136 opportunities

Formation of joint Committee of Trade, Industry and Immigration ministries to promote industrial projects abroad, says Makram

The Ministry of Industry launched on Tuesday an industrial investment map that includes all the investment opportunities available in the industrial sectors in different governorates of Egypt, which have been determined based on the competitive advantages and investment components of each governorate.

Minister of Trade and Industry Tarek Kabil said that the map has been handed over to the Ministry of Investment to start its actual work.

The minister noted that the map includes 4,136 real investment opportunities in 8 industrial sectors: engineering industries with 1,265 opportunities, chemical industries 861 opportunities, food 649 opportunities, textile 605 opportunities, mining 395 opportunities, pharmaceutical 183 opportunities, and metal 122 opportunities and leather industry includes 56 opportunities.

Kabil pointed out that the map is the first integrated investment map for the industrial sector in Egypt. It represents one of the most important outputs of the industrial development strategy that the ministry has developed for more than a year.

He added that the map also includes the main bases for linking the local supply chains to the existing industries by identifying the feeder and supplementary industries required to deepen the industrial sectors to on tribute in bridging market gaps, rationalizing imports and increasing the value added of local products.

“Field visits were conducted by the ministry’s team of 200 engineers and technicians who visited over 100 industrial zones throughout Egypt during a full year,” the minister said, “they conducted a scientific survey that included integrated data for each factory in the industrial zones that they visited.”

Kabil explained that these investment opportunities include all sizes of industrial plants as some small-scale industries slide the largest in all the opportunities by up to about 56%, followed by medium-scale industries by 23%, micro industries by 13% and finally large industries by 8%. These opportunities should provide nearly 300,000 job opportunities to work directly.

The distribution of geographic investment opportunities for the industrial map included 27 governorates. Alexandria topped the map with 205 opportunities, then Menoufiya 196 opportunities, Beni Suef 196 opportunities, Miniya 190 opportunities, Assiut 187 opportunities, Sharqiya 179 opportunities, Sohag 179 opportunities, followed by Cairo with 170 opportunities, Kafr Sheikh 168 opportunities, Giza 167 opportunities, Qena 169 opportunities, Suez 159 opportunities, Ismailia 155 opportunities, Fayoum 155 opportunities and Qalyubia 153 opportunities, Beheira 150 opportunities, Port Said 142 opportunities, Damietta 142 opportunities, Matrouh 141 opportunities, Dakahlia 134 opportunities, Gharbiya 131 opportunities, Red sea 125, Luxor 125 opportunities, Aswan 123 opportunities, North Sinai 111 opportunities, New Valley 98 opportunities, and finally South Sinai 86 opportunities.

For her part, Minister of Immigration and Egyptian Expatriate Affairs Nabila Makram said

that the two ministries will form a joint committee to visit the most important Egyptians blocs abroad to view most important industrial projects across the governorates and provide them with the data regarding these projects to attract investments from Egyptians abroad.

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