Industrial sector receives unprecedented support from political leadership: Al-Wazir

Daily News Egypt
4 Min Read

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, reaffirmed the government’s commitment to strengthening Egypt’s industrial sector during his visit to Sadat Industrial City in Menofeya. His tour included the inauguration of new factories, inspections of production lines, and discussions on key infrastructure projects aimed at boosting the sector’s global competitiveness.

Al-Wazir began his visit by inaugurating a new dried herbs factory owned by Dina Agricultural Investments Company, a subsidiary of Qalaa Holdings. The facility specializes in drying and refining herbs, contributing to Egypt’s growing agricultural exports. During the event, he emphasized that the industrial sector is the backbone of economic development and remains a top priority for the state, receiving unprecedented support from political leadership. He highlighted Egypt’s recent economic achievements, which have enhanced the competitiveness of local industries.

Reaffirming the Ministry of Industry’s commitment to sustainable growth, Al-Wazir outlined efforts to transition toward a green economy, improve product quality, and boost Egyptian exports. He praised Dina Agricultural Investments Company for its role in advancing food manufacturing and supporting the country’s industrial strategy within the framework of Egypt’s Vision 2030. This vision aims to modernize technology, promote digital transformation, and expand green and circular economy initiatives.

Al-Wazir also inspected the proposed site for a dry port and logistics hub in Sadat City, a major project set to be developed through a public-private partnership. With growing investment interest in the area, the recent establishment of the Kafr Dawoud-Sadat railway line has been a game-changer, ensuring the smooth and cost-effective transport of exports and production inputs. He further assessed the freight train station and cargo area along the 38-km railway line, which officially opened on October 12, 2024. This railway, a crucial part of the Cairo-Alexandria logistics corridor, connects the Sadat industrial zone with domestic markets and export ports on the Mediterranean, reinforcing the Ministry of Transport’s commitment to enhancing rail-based freight transport.

During his visit, Al-Wazir also inaugurated a new production line at GlassRock Insulation Company, a Qalaa Holdings subsidiary. Specializing in glass wool insulation pipes, the new line—built with a $530,000 investment—will produce 1,200 tonnes annually. This expansion is expected to increase the company’s sales volume by 25% and boost annual revenues by $5 million, with full operation slated for the second quarter of the year.

The tour continued with an inspection of the Arab Company for Special Steel, a subsidiary of Al-Ashry Steel Group. Covering 500,000 square meters, the facility produces high-quality special steel, with 70% of its annual output destined for export. With investments totaling EGP 20 billion, the factory employs 1,200 workers directly and creates 5,000 indirect job opportunities.

Al-Wazir also visited the company’s latest expansion project, covering 163 square meters, which includes new production lines for cold rolling sheets, galvanized sheets, and wire drawing for railway applications. With a production capacity of 600,000 tonnes annually, these expansions aim to further strengthen Egypt’s industrial output and export capabilities.

His visit underscored the government’s dedication to industrial growth, infrastructure development, and economic sustainability, ensuring Egypt remains a competitive player in global markets.

 

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