Egyptian industry has achieved many positive indicators, with the commercial sector at the forefront of economic sectors, contributing 11. 7% of GDP.
According to a report by Egypt’s Ministry of Industry, Egyptian business investments amounted to about LE 49 billion in the fiscal year (2020/2021), accounting for around 6% of total public investment.
This follows the accumulation in the price of commercial production to around LE982 billion in 2021, in addition to Egypt’s enjoyment of a diversified trade base that includes around 150 trade zones spread across all governorates of Egypt.
The report says that President Abdel Fattah al-Sisi laid the foundation for a comprehensive and sustainable economic progression, which is basically based on the progression of domestic industry through the supply of commercial land and the creation of specialized cities and shopping complexes.
In addition to a road network that covers all regions of Egypt and supports the shipping logistics system, as well as offering flexible financing systems for all production projects.
After the infrastructure reforms that President Sisi supported for 8 years, at the edge of billions of dollars, Egypt has all the commercial parties that qualify it to be a leader and beyond.
With raw materials, professional human resources, classical and renewable energy sources, in addition to State policy towards the commercial sector and legislative and procedural packages favourable to commercial investment, Egypt is an environment conducive to commercial investment.
To give greater flexibility to the Egyptian economy, the ministry has prepared a list of one hundred stimulus measures to advance Egyptian industry and inspire investors to invest in other business sectors, adding 58 short-term measures, 33 medium-term measures and nine long-term measures, 66 of which have been finalized to date.
These measures are aimed at satisfying the desires of the local market in addition to expanding Egyptian exports to foreign markets, according to a systematic plan on the acceptance and popularity of Egyptian products in those markets.