Egypt to increase value of industrial investments by 10% during 2024

Egypt aims to boost the value of its industrial investments by approximately 10 percent in 2024, that’s according to the head of the Egyptian Commercial Representation Authority, Yahya El Wathiq Billah in an interview with Ashraq Bloomberg. The hope is that Egypt will reach a minimum of $3.6 billion, surpassing the $3.3 billion recorded in 2023. El Wathiq Billah disclosed that completed industrial projects amounted to $1.3 billion, while other projects are still in the negotiation phase. He went on to say that upcoming investments would cross over various sectors such as medicine, agricultural manufacturing, petrochemicals, food and beverages, as well as building materials.