Wednesday 04 March 2026 – 11:14 AM
Hani Salam, Chairman of the Textile Export Council, said that Egypt has witnessed, during the recent period, a remarkable development in the climate… Industrial investmentAfter addressing a number of challenges that were hindering the entry of factories and production requirements, most notably the long period of customs release, which extended for weeks compared to other countries that completed procedures within only 3 days, which weakened competitiveness.
Reducing the period of release of production requirements
Salam added, in statements to Cairo 24, that the recent amendments contributed, in coordination with the Customs Authority, to reducing the period of release of production requirements to only about 5 days, in a step that was considered a qualitative leap to support the industry.
He pointed out that the modern road network contributed to the development of ports and the provision of infrastructure, including electricity and facilities, in creating an attractive environment for foreign investments, after overcoming many of the problems facing investors.
With regard to industrial lands, the crisis that some governorates were suffering from due to the lack of lands allocated for industrial activity and weak coordination between various parties was resolved, as new industrial lands were offered, including lands in the Suez Canal Economic Zone, in addition to making ready lands available to investors.
He explained that these developments coincided with global changes, especially the decisions of US President Donald Trump to impose customs tariffs on a number of countries in the world, reaching 10% on some imports from Egypt and higher rates on other countries, which gave Egypt a comparative advantage when manufacturing locally compared to alternative markets.
In light of these developments, Egypt has become a preferred alternative for many investors, especially with the high cost of labor in Turkey and the increase in fees on some competing markets, which redirected the industrial investment compass towards the Egyptian market.
He stated that estimates indicate that establishing new production lines may take from one year to a year and a half, while Egypt has already begun more than six months ago to receive investors from various countries of the world to discuss industrial opportunities.
He explained that Egyptian factories are currently working to develop and expand their production lines according to their capabilities, with investments ranging between 5 and 30 million pounds, the results of which are beginning to appear on the ground.
He pointed out that Egyptian products witnessed an increase in demand locally and abroad, especially in the field of export, as part of the activity that was directed to foreign markets for remanufacturing moved to inside Egypt, to be produced locally and then re-exported as a final product, which led to an increase in indirect exports.
He concluded his speech by saying that prices are expected to stabilize during the coming period, with expectations that the inflation rate will not exceed 7%, with the existing factories being able to manage their operations efficiently, in addition to continuing work to solve the remaining challenges facing the industrial sector.
