{"id":322977,"date":"2021-08-19T11:00:23","date_gmt":"2021-08-19T11:00:23","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=322977"},"modified":"2021-08-19T11:00:23","modified_gmt":"2021-08-19T11:00:23","slug":"egypt-plans-egp-125-7bn-investments-in-industrial-sector-in-fy21-22","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/08\/19\/egypt-plans-egp-125-7bn-investments-in-industrial-sector-in-fy21-22\/","title":{"rendered":"Egypt plans EGP 125.7bn investments in industrial sector in FY21\/22"},"content":{"rendered":"<p>Egypt reviewed the targets of the manufacturing sector for fiscal year (FY) 2021\/2022 as part of the medium-term sustainable development plan between FY18\/19 and FY21\/22, according to The Egyptian Minister of Planning and Economic Development, Hala El-Saeed.<\/p>\n<div id=\"Outstream\"><\/div>\n<p>The minister stressed the importance of the manufacturing sector which contributes 17% to the country&#8217;s gross domestic product (GDP), accounts for about 15% of all regular labour, and makes up 80-85% of the total non-petroleum commodity exports, according to a statement on Thursday.<\/p>\n<p>Target investments in the manufacturing sector for FY21\/22 are seen at EGP 125.7 billion, including EGP 16.6 billion in the petroleum refining industry and EGP 109.1 billion in the non-petroleum manufacturing industries.<\/p>\n<p>The plan also includes increasing the non-petroleum industrial production by 9.9% year-on-year (YoY) to EGP 1.75 billion in FY21\/22 and the\u00a0non-petroleum manufacturing industry output by 11.9% to EGP 808 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt reviewed the targets of the manufacturing sector for fiscal year (FY) 2021\/2022 as part of the medium-term sustainable development plan between FY18\/19 and FY21\/22, according to The Egyptian Minister of Planning and Economic Development, Hala El-Saeed.<\/p>\n","protected":false},"author":4,"featured_media":321458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,33],"tags":[],"class_list":["post-322977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-invest","category-main"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - 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