Category: Engineering and Electronics Industries

Description

“​Over the past 7 years, the industrial sector has received unprecedented attention from the Egyptian administration, headed by President Abdel Fattah El-Sisi, who has given this sector a major priority not only because it is the locomotive of economic development in Egypt, but also because it is one of the most important pillars for achieving social stability by providing job opportunities and youth employment. Increasing citizens’ income and improving their standard of living.
“”Egypt Makes Electronics”” is an initiative launched by the Presidency of the Republic with the aim of making the electronics industry one of the main pillars of economic growth in Egypt. The initiative mainly contributes to doubling the volume of Egyptian electronics exports and reducing imports of electronic and electrical devices to the local market.

Egyptian Investment Law No. 72 of 2017 grants an investment incentive in the form of a 30% discount on the investment cost of new projects in the engineering and automotive industries.

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