US economy slows to 1.6% in Q1 of '24 – BEA    EMX appoints Al-Jarawi as deputy chairman    Mexico's inflation exceeds expectations in 1st half of April    GAFI empowers entrepreneurs, startups in collaboration with African Development Bank    Egyptian exporters advocate for two-year tax exemption    Egyptian Prime Minister follows up on efforts to increase strategic reserves of essential commodities    Italy hits Amazon with a €10m fine over anti-competitive practices    Environment Ministry, Haretna Foundation sign protocol for sustainable development    After 200 days of war, our resolve stands unyielding, akin to might of mountains: Abu Ubaida    World Bank pauses $150m funding for Tanzanian tourism project    China's '40 coal cutback falls short, threatens climate    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Ministers of Health, Education launch 'Partnership for Healthy Cities' initiative in schools    Egyptian President and Spanish PM discuss Middle East tensions, bilateral relations in phone call    Amstone Egypt unveils groundbreaking "Hydra B5" Patrol Boat, bolstering domestic defence production    Climate change risks 70% of global workforce – ILO    Health Ministry, EADP establish cooperation protocol for African initiatives    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    EU pledges €3.5b for oceans, environment    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    Acts of goodness: Transforming companies, people, communities    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egypt starts construction of groundwater drinking water stations in South Sudan    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Opinion| Egypt sees unprecedented industrial leap
Published in Daily News Egypt on 02 - 06 - 2021

Today, no one can deny or even reduce the size of the unprecedented achievements that are being made daily in the land of Egypt in all fields, especially industry. There is no doubt that Egypt has achieved unprecedented leaps in the industrial sector, which is evident to all.
During the last six years, you can easily monitor the establishment of hundreds of factories in all fields and specialties, with the highest international standards. Today, this sector represents 22% of the size of the Egyptian economy, as the volume of its exports from industry stands at EGP 24.8bn, compared to EGP 18.6bn in previous years.
The Egyptian industry sector represents a major and pivotal source in the implementation of the state's plans for sustainable development through its contribution to the gross domestic product [GDP], and the provision of job opportunities.
Despite the negative repercussions of the global spread of the novel coronavirus (COVID-19) pandemic, Egyptian industry achieved successes during the year 2020. These were represented in maintaining production rates and the establishment of a large number of industries, which contributed to increasing reliance on national products as an alternative to imported products, which were costing the state's budget huge sums of money.
Dr Hatem Sadiq, Professor at Helwan University on the Gulf reconciliation
The year 2020 represents an exceptional year in terms of the difficult conditions in the global economy that had a great impact on the slowdown in international trade and the closure of a large number of factories in most countries of the world. However, the great efforts of the government resulted in the adoption of many initiatives to support national Industry.
This is through bold measures and decisions that have contributed to alleviating the severity of this crisis on the Egyptian industry and even supporting it in maintaining production and export rates to various foreign markets.
This is what we saw when Egypt and Germany agreed on a partnership to set up a factory to manufacture "ultra-advanced laser and ultrasonic lathe machines", the first factory of its kind in Egypt and Africa.
The new factory provides machines used in basic industries for the business sector in all its fields. This represents an unprecedented quantum leap in the Egyptian industry.
This was confirmed by Abdel Moneim El-Terras, head of the Arab Organization for Industrialization (AOI), that the establishment of this unique factory in Egypt and Africa supports the efforts of the Egyptian state to localise the industry and allow it to be exported abroad.
The factory is scheduled to open and make its products available in the market in 2023, and a monthly follow-up report will be prepared for the implementation steps while adhering to the target dates for implementation and the start of production.
The expected factory is fully mechanised and highly programmable for the production of turning and milling equipment, and is located in an area of about 60,000 sqm. The factory offers all capabilities for comprehensive technical solutions, which include flexible automation, complete digital transformation, and advanced flow assembly.
This is through using automated guided vehicle transport systems, and production is linked to the annual capacity of more than 1,000 machines. It is in addition to industrial digitisation services for factories, as well as the establishment of an academy to train on that equipment.
This is the Egypt that we dreamed of, and that is its vision for the future, and this is how we can be assured of the lives of future generations.
Dr Hatem Sadek, Professor at Helwan University


Clic here to read the story from its source.