Egypt is targeting an increase in annual exports from $48bn to $100bn by 2030 through a new strategy that includes launching an integrated digital B2B platform to connect local manufacturers and integrate them into global supply chains, the Minister of Industry announced.
Speaking at the monthly gathering of the American Chamber of Commerce in Egypt, Khaled Hashem outlined efforts to attract local and foreign industrial investments to reduce the country’s trade deficit. The government is shifting its focus from import substitution to integrating with the global economy and international production networks.
The updated strategy prioritises attracting global investments that bring technological transfer and industrial expertise, rather than solely focusing on capital injections, to reinforce Egypt’s position as a regional industrial hub.
To improve supply chain efficiency, Hashem announced the upcoming launch of an integrated electronic platform for industrial trade and evaluation. Comparing the concept to digital service apps like Talabat, he explained the platform will allow users to search for products and suppliers within the Egyptian market.
The platform will feature transparent peer reviews from factories based on actual business transactions, evaluating product quality, adherence to delivery schedules, and service levels. Hashem noted this represents a qualitative shift in connecting the industrial sector, supporting data-driven decision-making, and reducing gaps between production and distribution.
The ministry has identified seven priority industries based on clear scientific criteria to achieve its economic targets: ready-made garments, textiles, food, pharmaceuticals, automotive, electrical and engineering equipment, and electronics assembly. Additional strategic, enabling, and complementary industries have also been designated.
Furthermore, the state is implementing a comprehensive programme to develop the small and medium-sized enterprise (SME) sector. Hashem noted that international experience shows industrial growth begins at the base, and the government aims to rebuild the industrial foundation from the “bottom up” by empowering small factories and linking them directly to local and global supply chains.
The SME programme targets youth empowerment by establishing equipped production units within industrial zones and productive communities. The initiative is designed to create a new generation of industrial investors capable of expanding their businesses from small projects to medium and large entities within a few years.
Hashem emphasised that Egypt has become a prime destination for foreign investments in the region, offering advantages beyond its unique geographical location, including strong infrastructure, stimulating investment legislation, and trade agreements that facilitate export access to various markets.
