Egypt targets $1bn in annual marble and granite exports

Egypt's Minister of Industry Khaled Hashem held a high-level meeting to discuss boosting marble and granite exports and tackling challenges for quarry operators. He affirmed the government's strong commitment, calling the sector a priority industry with $1bn annual export potential. Participants included representatives from the Federation of Egyptian Industries, government entities, investors, and manufacturers.

Khaled Hashem, Egypt's Minister of Industry, convened a high-level meeting with representatives from the Federation of Egyptian Industries, the National Service Projects Organization, the Egyptian Company for Mining and Quarry Management, the Industrial Development Authority, as well as investors and manufacturers in the sector.

Discussions centered on maximizing Egypt's abundant raw materials, expanding exploration activities, and upgrading regulatory frameworks to improve governance and operational discipline. Officials reviewed strategies to enhance the global competitiveness of Egyptian marble and granite by aligning production with export market demands.

The meeting highlighted the Egyptian Company for Mining's efforts to streamline operations for quarry owners, alongside stricter regulations for transparency. Key initiatives include installing weighing systems at quarry exits to prevent manipulation and track volumes accurately, with 18 new weighbridges underway.

Hashem noted direct engagement with manufacturers in the Shaq El-Thoaban industrial zone and steps to legalize unlicensed operations in coordination with Cairo Governorate through the Industrial Development Authority. The ministry plans an advisory committee to provide technical and strategic support, aiming to increase operational quarries by the end of 2026.

Makala yanayohusiana

Egypt's Minister of Industry, Khaled Hashem, met with representatives of Elaraby Group, led by CEO Mohamed El-Araby, to review current operations, future expansion plans, and production challenges. The meeting covered upcoming projects in New Quesna City involving investments of about $480 million over the next five years, aimed at bolstering the home appliance sector and increasing local content to up to 90%.

Imeripotiwa na AI

Prime Minister Mostafa Madbouly met with Minister of Industry Khaled Hashem in the New Administrative Capital to review the ministry's vision and work plan for the coming phase. Madbouly stressed that the industrial sector is among the government's top priorities, noting the momentum from recent economic reforms. Hashem presented a roadmap focused on increasing non-oil exports through several strategic pillars.

Hassan El-Khatib, Egypt's Minister of Investment and Foreign Trade, announced that the country has shifted from a stability phase to execution in its economic reform program. He emphasized a new focus on enhancing competitiveness, fostering export-led growth, and attracting private investment. These remarks came during his participation in the Egypt Investment Forum organized by EFG Hermes.

Imeripotiwa na AI

Mohamed El-Shimy, Minister of the Public Enterprises Sector, stated that Egypt is steadily advancing toward a strong, competitive, and sustainable economy based on industry, production, exports, and investment, with youth at the core of the development process as a cornerstone of the 'New Republic'.

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