Cairo: Prime Minister Mostafa Madbouly stated during a Cabinet meeting on Wednesday, April 29, 2026, that the Egyptian government is steadfast in its plans to provide all necessary components to localise various industries within the country. These efforts are part of a broader initiative to bolster the nation’s industrial sector and enhance its economic resilience.

According to State Information Service Egypt, the prime minister emphasized the government’s commitment to increasing investments, especially within the Suez Canal Economic Zone (SCZONE). The SCZONE has been strategically positioned to offer a range of incentives aimed at attracting diverse projects and boosting economic growth in the region.

Madbouly highlighted the inauguration of nine new factories across the SCZONE, marking a significant milestone in Egypt’s industrial development. These factories span several strategic sectors and represent total investments of $182.5 million. The projects have successfully created over 1,300 job opportunities, reflecting the government’s focus on job creation and economic expansion.

Furthermore, the prime minister addressed the ongoing regional crisis and its implications for economic conditions on both local and global scales. He outlined the state’s proactive measures to manage the repercussions of this unprecedented crisis, emphasizing efforts to mitigate its impact on Egypt’s domestic economy.