Egypt’s industrial growth world’s biggest in 8M

Cairo - Mubasher: Egypt aims at attracting more than $150 billion in industrial investments by 2030, according to the minister of trade and industry, Tarek Kabil.

The government is also targeting an increase in the industrial sector contribution to the country’s GDP to 21% by 2030, which requires raising production by no less than 8% during that period, the minister said in a statement on Saturday.

Kabil also revealed that recent reforms helped reduce trade balance deficit to 35%, noting that Egypt achieved the biggest industrial growth in the world, over the last eight-month period.

Mubasher Contribution Time: 05-May-2018 18:51 (GMT)
Mubasher Last Update Time: 05-May-2018 18:51 (GMT)