Minister of Trade and Industry Ahmed Samir said his ministry targets achieving inclusive and sustainable industrial development, through expansion of industrial activities in Upper Egyptian governorates and injecting further investments into various industrial sectors there.
He added the ministry also seeks to maximize the benefit from competitive advantages and the resources available in each governorate, which in turn contribute to increasing productivity rates, increasing the industrial sector’s contribution to the GDP, raising export rates and providing more jobs for the people of Upper Egypt.
Samir made the remarks while he was opening four small and medium-scale factories out of 34 plants due to be inaugurated in stages in Aswan, with total investments of EGP 150 million, according to a statement released by the Industry Ministry on Saturday 08/10/2022.
The minister, accompanied by Aswan Governor Ashraf Attia and Chairman of the Industrial Development Authority (IDA) Mohamed Abdel Karim, also visited the Allaqi industrial zone in Aswan, where they inspected a number of industrial facilities working in the fields of chemicals, marble and granite.
The minister went on to say that Aswan has potential to become a hub for several industrial activities, notably mining industries that can grow in this governorate, especially with the availability of many raw materials, quarry and technicians, as well as manpower that are capable of meeting the needs of various industrial sectors.
He noted that the Aswan industrial complex is part of three complexes that were tendered in August.
The three industrial complexes comprise 1,000 industrial units in the Upper Egyptian governorates of Qena, Assiut and Aswan.
Samir said the ministry has so far established ten industrial complexes in the Upper Egypt, a move which reflects the State’s unprecedented interest in developing Upper Egyptian governorates.
Source: State Information Service Egypt