The Ministerial Group for Industrial Development has approved three major private free zone industrial projects worth over $216.5 million, expected to generate more than 15,000 direct jobs across key manufacturing sectors in Egypt.
The decision was made during the group’s 27th meeting, chaired by Deputy Prime Minister and Minister of Industry and Transport Kamel El-Wazir, alongside key cabinet officials and industrial leaders.
Approved Projects:
$108 million PVC board and flooring plant in the New Alamein Industrial Zone, creating 2,150 jobs. The plant introduces a new industry to Egypt and aims to meet local demand.
$30 million ready-made garments factory in New Beni Suef City, expected to provide 9,000 jobs, supporting labour-intensive manufacturing in Upper Egypt.
$78.5 million textile manufacturing facility in 10th of Ramadan City, projected to create 4,000 jobs and enhance textile export competitiveness.
“These projects reflect our commitment to fast-tracking industrial development, boosting employment, and supporting high-potential sectors,” said Minister El-Wazir.
He added that the government will continue to prioritize projects that are:
Labour-intensive
Low energy consumption
Strong in export potential
The strategy also includes streamlining licensing through a one-stop shop model, with the General Authority for Industrial Development acting as the sole licensing body to reduce bureaucracy and speed up implementation.
Broader Industrial Strategy:
These efforts align with Egypt’s national agenda to:
Attract industrial investments to labor-rich regions such as Minya, Beni Suef, and Fayoum
Localize key industries to strengthen production capacity and improve the trade balance
The push also comes ahead of the fifth and sixth reviews of the Extended Fund Facility (EFF) program with the International Monetary Fund (IMF), which are expected to begin in September 2025 and conclude before the end of the year.
The government aims to increase private sector involvement in economic activity and boost confidence in the Egyptian market as part of its recovery and growth strategy.
