Automotive Sector Among Top Priorities: Egypt's Minister of Industry Targets $100 Billion in Exports by 2030

The Automotive Industry's Core Role in Egypt's 2030 Vision

Minister of Industry Eng. Khaled Hashem has confirmed that the automotive sector is one of the seven priority industries in the Egyptian Industrial Advancement Strategy 2030. The ambitious strategy aims to boost industrial exports to $100 billion by 2030, reinforcing Egypt's position as an integrated regional industrial hub connected to global production chains. This announcement was made during his participation in the monthly meeting of the American Chamber of Commerce in Cairo, attended by business community representatives and ministry leaders.

Six Strategic Pillars and Seven Priority Sectors

The updated strategy is built upon six main pillars: strategic programs, human capital, product development, operations and procedures, mechanisms, and measurement standards. It places a strong emphasis on partnering with the private sector and enhancing the investment climate. The seven priority industries include automotive, ready-made garments, textiles, food and pharmaceuticals, electrical and engineering equipment, and electronics. Additionally, the strategy highlights enabling industries such as renewable energy and solar equipment, water conservation technologies, machinery, metal manufacturing, and industrial robotics, alongside strategic sectors like steel, aluminum, chemicals, building materials, and fertilizers.

Energy Transition and Digital Industrial Upgrades

Energy management remains a top priority for the ministry. To this end, the Shams Al-Sina'a initiative was launched, targeting the installation of solar power stations in factories with a total capacity of 1,000 megawatts within two years. Furthermore, the minister announced the establishment of a performance monitoring and regulatory unit within the ministry, the revitalization of the Industrial Modernization Centre, and the expansion of AI and digital transformation applications. A new digital platform is also being prepared to serve investors and streamline complaint handling.

Empowering SMEs and Optimizing the Investment Climate

The ministry is also focused on implementing the Productive Villages program in Upper Egypt, supporting small and medium enterprises by integrating them into industrial supply chains, and establishing a center of excellence for vocational training to qualify technical labor according to global standards. Efforts are underway to develop mechanisms for allocating industrial land and issuing licenses, launch new industrial investment funds to finance promising projects, and expand e-commerce and green supply chains to enhance the competitiveness of Egyptian products in global markets. Concluding his remarks, the minister emphasized the critical importance of human capital as the foundation of the entire industrial ecosystem.