Egypt aims to increase its industrial sector’s growth rate from 6.3% in fiscal year (FY) 2018/19 to 10% in FY 2021/22, the Minister of Planning, Monitoring, and Administrative Reform Hala Al-Saeed announced on Tuesday.
Al-Saeed said that the state plans to reform the country’s promising industrial sector to expand its production capacities and scope of services. Her statements came during the preparatory conference of the Cityscape exhibition which took place on Tuesday,
The industrial sector includes real estate and construction both of which are of great importance due to their labour intensive nature, as well as the fact that they act as a link between various other sectors.
The minister said that the construction field contributes around 17% of Egypt’s total GDP, and around 13% of the total job opportunities created so far, adding that it is a promising field with great potential to drive growth and create more employment opportunities.