This Industry and Trade Development Strategy is a nationwide sectoral document aiming at designing and implementing plans supporting the promotion of Egyptian industry and foreign trade to achieve the Vision of industrial development to be the engine of sustainable and inclusive economic development, which meets domestic demand and enhances export growth. The Mission is to provide a good environment for a sustainable inclusive economy based on enhancing competitiveness, diversity, knowledge, and innovation, and generating decent and productive job opportunities. The Strategy focuses on the following five pillars (i) industrial development; (2) Micro, Small, and Medium enterprises and entrepreneurship development; (3) export development; (4) development of technical and vocational, education, and training; (5) Governance and institutional development. These pillars include comprehensive initiatives that aim to create a business climate appropriate to strengthen the national economy through the private sector, notably Micro, Small, and Medium enterprises, integrating them into the local and global supply chains and linking them to major economic entities. The main Strategic Objectives of the document are (i) to increase the annual industrial growth rate to 8%; (ii) to increase the contribution rate of industrial product to Gross Domestic Product from 18% to 21%; (iii) to increase the micro, small and medium enterprises sector’s contribution to GDP; (iv) increase the growth rate of exports to 10% annually; (v) provide 3 million decent and productive job opportunities; (vi) institutional development.
Египет · 2016-01-01