The meeting was attended by Patrick Jean Gilabert, UNIDO Regional Director in Egypt; Jehan Bayoumi, UNIDO Deputy Regional Director; Walid Gamal El-Din, Chairperson of the General Authority for the Suez Canal Economic Zone, alongside representatives from relevant ministries, government bodies, and development partners.

Participants reviewed the implementation status of the programme and highlighted key achievements across targeted industrial sectors over the past period.

Discussions also covered the programme’s six main pillars: industrial policy and governance, investment promotion, green industry, smart cities and sustainable industrial zones, value chain development, and adaptation to the Fourth Industrial Revolution.

The meeting further examined future action plans aimed at accelerating inclusive industrial development in line with Egypt Vision 2030 and the national strategy for industrial development and export growth, while enhancing the competitiveness of Egyptian products and expanding access to international markets.

Hashem said the Egypt Country Partnership Programme plays a central role in supporting the government’s efforts to achieve a substantial industrial and production transformation, noting that its projects intersect with multiple sectors to foster innovation and strengthen workforce capabilities within Egyptian factories.

He added that the programme also contributes to creating a more attractive investment environment and reinforcing partnerships between the public and private sectors.

The minister stressed that projects implemented under the programme align with the Ministry of Industry’s broader strategy to advance Egyptian manufacturing, highlighting UNIDO’s technical support through data provision and analytical tools that help policymakers assess progress and measure outcomes.

Hashem described the partnership as a successful model of international cooperation serving the ministry’s objectives and reaffirmed the government’s commitment to providing the support and facilitation necessary for UNIDO to implement its projects in Egypt.

He added that these initiatives contribute to localising advanced industries and strengthening Egypt’s position as a regional hub for sustainable manufacturing and exports.

Separately, Hashem held bilateral talks with Gilabert to discuss UNIDO’s ongoing and future projects in Egypt. The meeting was attended by Ahmed Maghawry, Assistant Minister for International Cooperation, and Hussein El-Ghazawy, Assistant Minister for Energy Affairs.

The discussions reviewed several active UNIDO projects related to green transformation in local industry, energy efficiency programmes, clean energy transition initiatives within industrial zones, and industrial waste management systems designed to support the circular economy.

Hashem underlined the importance of energy-efficiency projects, particularly those focused on water conservation. While awareness of renewable energy has increased within the industrial sector, he said greater attention is needed regarding efficient water use in industrial processes, given water’s importance to many key industries.

He noted that reducing water consumption and waste could help factories lower costs while contributing to broader sustainability objectives.

For his part, Gilabert praised the ongoing cooperation between UNIDO and the Egyptian government and the organisation’s alignment with national efforts to strengthen domestic industrial capabilities.

He revealed that UNIDO’s current portfolio in Egypt is the organisation’s largest globally, comprising 23 projects aimed at providing technical support to local industrial facilities in areas including energy efficiency, green transformation, and industrial development.

Gilabert added that these initiatives are funded by several international partners, including the European Union, the Green Climate Fund, the Global Environment Facility, and the governments of Switzerland, Italy, Canada, Japan, and Germany. He noted that preparations are underway to launch nine additional projects in the coming period.

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Khaled Hashem, Minister of Industry, stated that the government’s strategy is shifting away from merely reducing imports towards targeted industrial integration based on scientific criteria. He emphasised a focus on technology, know-how, and high-quality human capital over traditional foreign direct investment. “The private sector is the key solution for all our problems; it is the most efficient and fastest vehicle for transformation,” Hashem said, adding that he wants to see more artificial intelligence and the Internet of Things implemented within the industrial sector.

The panel discussion highlighted the historic relationship between Egypt and the International Finance Corporation (IFC), which has contributed approximately $10bn in mobilised financing over the past 50 years, including through public-private partnerships.

Ousmane Dione, Vice President for the Middle East and North Africa at the World Bank—who previously oversaw a nearly $18bn portfolio as country director for Eritrea, Ethiopia, South Sudan, and Sudan—outlined a unified platform strategy for future growth. Dione stated that the International Bank for Reconstruction and Development (IBRD) will focus on upstream policy reforms and asset monetisation, while the IFC translates those reforms into bankable transactions and the Multilateral Investment Guarantee Agency (MIGA) provides guarantees. Dione identified strengthening sector confidence, mobilising long-term capital, and accelerating the climate transition as the most binding constraints to Egypt’s next phase of transformation. Summarising his vision for the next 50 years, Dione used the acronym “EGYPT” to stand for “Eagerness for Growth Yielding Prosperity and Transformation for all Egyptians”.

Addressing the financial sector, Hesham Ezz Al-Arab, Chief Executive Officer of CIB Egypt, detailed his institution’s 25-year relationship with the IFC. The IFC was a shareholder when CIB was first listed on the stock exchange and returned as an investor in 2005 following the privatisation of remaining government holdings. Ezz Al-Arab noted a strategic shift from financial inclusion to financial empowerment, stating that CIB has exceeded the regulatory requirement of dedicating 25% of its loan portfolio to small and medium-sized enterprises (SMEs) by targeting youth and women. Looking ahead, Ezz Al-Arab identified Africa as the single boldest opportunity for Egypt’s private sector.

A closing speaker reflected on the long-term impact of the 50-year partnership, noting that early policy conversations about feed-in tariffs laid the groundwork for the Benban solar installation, while the establishment of a credit bureau helped drive Egypt’s financial inclusion rates from 27% to over 76%. With up to 1.3m young Egyptians entering the labour market annually, the speaker called for large-scale mobilisation from the international donor community to support the country’s demographic dividend. “The question is not whether Egypt is ready; the question is how fast we can move together to meet it,” the speaker concluded.

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The initiative was discussed during a meeting between Minister of Industry Khaled Hashem and Eric Oeschlan, Director of the International Labour Organization (ILO) office in Cairo, along with an ILO delegation.

According to the discussions, the project aims to set up rural-based factories to maximize resource use, reduce rural-to-urban migration, and generate employment opportunities within local communities.

The meeting also reviewed ongoing cooperation between the ILO and Egyptian authorities on labor market development, including finalizing the National Employment Strategy and its implementation plan. The Ministry of Industry is contributing to areas such as industrial skills development and workforce alignment.

Minister Hashem emphasized that human capital development is a cornerstone of Egypt’s industrial strategy. He highlighted priorities such as improving worker conditions, supporting women and youth employment, and tailoring vocational training to labor market needs.

He also noted that several ministries—including local development, environment, agriculture, planning, and social solidarity—are collaborating on the “Productive Villages” initiative to create integrated rural industrial zones. These zones are expected to reduce migration pressures on urban centers and foster sustainable local economic growth.

For his part, Eric Oeschlan reaffirmed the ILO’s commitment to providing technical support, strengthening cooperation with the Ministry of Industry and the private sector, and enhancing decent job creation. He also stressed the importance of boosting the competitiveness of Egyptian products in global markets.

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The company announced that consolidated revenues rose by 34.7% year-on-year to EGP 5.8bn in the first quarter of 2026, while net profit more than doubled to EGP 793.1m, marking a 108.1% increase compared to the same period last year.

Gross profit climbed 48.7% year-on-year to EGP 2bn, with gross profit margin improving to 34.9%, up from 31.6% in the first quarter of 2025. EBITDA also increased by 51.8% year-on-year to EGP 1.1bn, with margins expanding to 18.3%, compared to 16.2% a year earlier.

The company attributed the performance to robust consumer demand, continued price-point migration, and disciplined execution across its operations.

Operationally, Edita maintained strong momentum during the quarter, with total tons sold increasing by 36.7% year-on-year to 42,000 tons, while total packs sold rose by 18.3% to reach 1 billion packs.

The cakes segment remained the company’s largest revenue contributor, generating EGP 3.1bn in revenues, up 35.9% year-on-year, supported by strong volume growth and improved pricing. Croissants recorded even stronger performance, with revenues surging 67.7% to EGP 1.6bn, driven by a 73.1% increase in tons sold.

Edita’s emerging segments also continued to support diversification efforts. Revenues from rusks rose by 56.6% year-on-year, while candy revenues increased by 19.2%.

On the regional front, export sales reached EGP 549.7m during the quarter, accounting for 9.5% of total revenues. Meanwhile, Edita Morocco posted revenues of EGP 154.6m, reflecting annual growth of 21.3%, supported by continued operational expansion and stronger distribution capabilities in the Moroccan market.

Commenting on the results, Eng. Hani Berzi, Group Chairman of Edita Food Industries, said the company’s first-quarter performance reflects strong demand across its product portfolio, successful pricing strategies, and continued operational execution.

He added that the company remains optimistic about its outlook for the remainder of the year, supported by healthy consumption trends, ongoing investments in capacity and innovation, and continued growth opportunities across regional markets.

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The ministry said the move is designed to harmonize local production with global quality and safety benchmarks, giving manufacturers a one-year grace period from April 16, 2026, to comply with the new technical requirements.

Hashem emphasized that the updated framework will enhance product quality, strengthen safety measures inside factories, and boost the competitiveness of Egyptian cosmetics in export markets. He noted that the decision is part of broader efforts to modernize industrial oversight and reduce reliance on imports across multiple sectors.

Nahed Youssef, Chairperson of the Industrial Development Authority, underscored that adopting ISO standards as a licensing reference will raise safety and quality levels while opening new export opportunities. She added that the Industrial Development Authority will provide technical support to factories during the transition period.

The decree was issued following recommendations from the industrial licensing committee established under Egypt’s Industrial Licensing Facilitation Law, which includes representatives from relevant authorities and technical experts.

By embedding ISO 22716 into licensing requirements, Egypt aims to position itself as a regional hub for cosmetics manufacturing, reinforcing its industrial modernization agenda and expanding access to global markets.

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Gamblat said the agreement reflects the state’s vision to strengthen local manufacturing by engaging the private sector and attracting foreign investment. He noted that Barox is among the world’s leading producers of hyperbaric oxygen therapy chambers and systems.

The protocol aims to transfer Barox’s expertise and localise the production of hyperbaric devices within Egypt’s military factories, leveraging advanced manufacturing lines and qualified capacities. Local production is intended to meet the needs of hospitals in Egypt and across Africa, in line with directives from the political leadership to deepen industrial localisation, modernise technology, and reduce the import bill.

Gamblat highlighted that hyperbaric devices are vital therapeutic tools used in treating a wide range of medical conditions, including carbon monoxide poisoning, chronic wounds, soft tissue infections, osteomyelitis, diabetic ulcers, sports injuries, acute oxygen deficiency, certain cancers, middle ear infections, skin diseases, and some autism spectrum disorder cases.

Barox expressed pride in partnering with the Ministry of Military Production, praising its industrial capabilities and role as a leading national institution supporting Egyptian industry.

Both sides affirmed that the cooperation will serve as a platform for exchanging scientific and industrial expertise, advancing sustainable development goals, and strengthening national human resources to keep pace with rapid technological change, particularly in innovation and digital transformation.

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Addressing the plenary session, Hashem emphasized that Egypt views industrial and technological collaboration as a cornerstone for building sustainable economic partnerships. He noted that EgyptianRussian relations have reached an advanced stage of strategic cooperation under the leadership of President Abdel Fattah AlSisi and President Vladimir Putin.

The minister highlighted that bilateral cooperation now extends beyond traditional trade to encompass industry, energy, technology, food security, and supply chains. He underscored Egypt’s ambition to strengthen its position as a regional industrial and logistics hub linking Africa, the Arab world, Europe, and Asia; leveraging its strategic location, extensive trade agreements, modern infrastructure, and advanced economic zones, particularly the Suez Canal Economic Zone.

Hashem pointed to the Russian Industrial Zone in Ain Sokhna as one of the most significant projects in EgyptianRussian industrial cooperation, affirming the government’s readiness to provide incentives and facilitation measures to accelerate its transition into construction and production phases.

He also highlighted promising opportunities for collaboration with the Republic of Tatarstan in engineering industries, petrochemicals, industrial equipment, energy, technology, and technical training. Praising Tatarstan’s advanced industrial experience, Hashem commended its success in technology localization and exportoriented manufacturing.

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During the meeting, the two sides reviewed the framework of the proposed project, which is expected to be developed over an area of 150,000 square metres and create around 1,000 job opportunities.

The factory will specialise in the production of glass tableware using advanced manufacturing technologies and modern production systems designed to improve energy and water efficiency while enhancing operational performance.

Hashem reaffirmed the ministry’s support for serious industrial investors seeking to establish manufacturing projects that contribute to technology transfer, job creation, and the development of Egypt’s industrial base.

“The ministry is committed to supporting manufacturers that establish real industries capable of transferring technology to the Egyptian market, creating jobs, and strengthening local industrial capabilities,” Hashem said.

He added that the ministry is ready to coordinate with all relevant authorities to remove potential obstacles facing the group and accelerate procedures related to the project’s implementation and operational launch.

The minister also reviewed the investment incentives currently offered by the Egyptian government to industrial investors, particularly export-related incentives aimed at supporting manufacturing activity and boosting industrial growth.

For her part, Esin Göral Argat, the Vice Chairperson of Gürok Group, said the group is keen to expand its investments in Egypt, describing the country as one of the company’s most strategic markets in the region and a key gateway for exports to the Middle East and Africa.

She noted that Gürok Group is currently the world’s fifth-largest producer of glass products and exports to nearly 140 countries worldwide.

The planned investment comes as Egypt intensifies efforts to attract foreign industrial investments and strengthen its position as a regional manufacturing and export hub, particularly in sectors with high export potential and strong value-added industries.

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During his visit to Boysen Egypt, which manufactures automotive exhaust treatment systems, Madbouly stressed that the automotive industry and its supply chain remain central pillars of Egypt’s industrial strategy. He highlighted directives from President Abdel Fattah Al-Sisi to deepen cooperation with the private sector – both local and international – to localize vehicle manufacturing and boost export capacity.

Madbouly said Egypt is working to establish a strong industrial base for the automotive sector, particularly electric vehicles, in line with the country’s green transformation agenda. He added that increasing the local component in manufacturing remains a national priority aimed at reducing imports and enhancing competitiveness.

Officials at Boysen Egypt said the factory is part of a global network comprising 30 international sites and currently maintains 10 strategic partnerships with global automotive brands, with plans for further expansion. The facility produces exhaust systems and silencers for several international car manufacturers and is considered a key supplier within Egypt’s growing automotive ecosystem.

The company also reported strong growth in production and exports, with sales rising from EGP 320m in 2023 to EGP 810m in 2025, and projected to exceed EGP 1bn in 2026. Employment levels have also increased steadily alongside expansions in production lines and the introduction of advanced robotic manufacturing technologies.

Madbouly praised the factory’s performance and affirmed continued government support for its expansion plans, emphasizing its role in strengthening Egypt’s automotive supply chain.

The Prime Minister also visited the expansion project of H.B. Fuller Egypt, a global leader in adhesive manufacturing. The company, which invested $26m in its Cairo facility launched in 2023, is developing a regional export hub serving markets across the Middle East, Africa, Europe, and the United States.

The facility has an annual production capacity of 42,000 tonnes, with actual output reaching 25,000 tonnes in 2025. It supplies industries including packaging, automotive, construction, and food safety applications. Part of the company’s production is exported to Europe, with export revenues reinvested in importing raw materials.

H.B. Fuller Egypt employs 142 workers and operates under international quality certifications, including ISO standards and global safety compliance systems. The company is part of the US-based multinational H.B. Fuller, which serves more than 17,000 clients worldwide.

Madbouly also inaugurated Galfa Engineering Industries Factory, part of the Ashry Steel Group, reaffirming the government’s commitment to localizing steel and heavy industries. He underscored the strategic importance of steel manufacturing in supporting national infrastructure and development projects.

The factory produces steel towers, columns, cable supports, and other engineering products, with a monthly output of 8,000 tonnes. It also operates one of the most advanced hot-dip galvanizing lines in Africa and the Middle East, with a production capacity of 10,000 tonnes per month.

The Prime Minister stressed the importance of transferring advanced industrial technologies to Egypt, increasing exports, and enhancing the competitiveness of locally manufactured products in international markets.

In another stop, Madbouly visited El Wady Cables Company in El Sadat City, a major player in Egypt’s electrical infrastructure sector. The company supplies cables for several national projects, including Toshka, and cooperates with electricity distribution companies nationwide.

The factory is currently expanding its medium- and high-voltage cable production lines, with implementation progress reaching 70%. It manufactures aluminium and copper cables through advanced production stages, including drawing, insulation, and assembly.

Madbouly praised the company’s contribution to Egypt’s infrastructure development and directed the Minister of Industry to assess the factory’s expansion requirements and provide the necessary support.

Throughout the tour, the Prime Minister reiterated that Egypt is accelerating efforts to localize industry, expand private sector participation, and build a competitive industrial base capable of increasing exports and reducing reliance on imports.

He concluded that the government remains committed to supporting investors in expanding production capacity and strengthening Egypt’s position as a regional industrial hub.

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Minister of State for Military Production Salah Gamblat visited the company’s facilities alongside Minister of Youth and Sports Gohar Nabil and Minister of Industry Khaled Hashem to review the company’s latest manufacturing developments and future expansion plans.

During the visit, the ministers inspected CAPTEX’s artificial turf production lines and reviewed different stages of the manufacturing process. The delegation also toured the company’s showroom, which features a range of locally produced sports equipment and supplies, reflecting Egypt’s growing focus on supporting domestic industry and reducing reliance on imported products.

Officials were briefed on the company’s business strategy, including ongoing efforts to localise technologies and feeder industries required for the production of artificial turf and other sports-related products. The initiative aims to increase local content, improve the competitiveness of Egyptian-made products, and support the state’s broader vision of building an advanced industrial base through cooperation between national institutions and private-sector partners.

Gamblat said the company is preparing to implement a strategic expansion plan designed to increase production capacity and localise advanced sports manufacturing technologies, particularly in line with directives from the political leadership to deepen local industry, reduce imports, and strengthen the competitiveness of Egyptian products in domestic and international markets.

He added that efforts are continuing to further develop the company and introduce new industries capable of adding value to the national economy, stressing that private-sector partnerships remain a central pillar in supporting industrial development and transferring advanced expertise and technologies to the Egyptian market.

For his part, Gohar Nabil highlighted the ministry’s commitment to maximising the use of national manufacturing capabilities to meet the needs of sports facilities and youth centres through locally produced artificial turf and sports equipment, helping to reduce pressure on foreign currency resources.

He noted that cooperation between the Ministries of Youth and Sports and Military Production has already contributed to the implementation of numerous sports and development projects across Egypt, including the modernisation of stadiums and sports fields, as well as the establishment of model youth centres and integrated sports complexes.

The minister added that the government is also working to open new opportunities for sports investment in coordination with relevant state entities by leveraging the capabilities of national companies able to deliver high-quality products that meet international standards, supporting broader efforts to maximise the economic returns of the sports sector.

Meanwhile, Khaled Hashem said the company’s ongoing development of production lines and efforts to increase local content are fully aligned with Egypt’s industrial development strategy and export growth objectives.

He added that the Ministry of Industry places significant emphasis on specialised sports industries that rely on advanced manufacturing technologies as part of efforts to strengthen the competitiveness of Egyptian industry.

At the conclusion of the visit, the ministers underscored the importance of continued coordination between the concerned ministries to support national industry, deepen local manufacturing, strengthen sports investment, and empower the private sector as a key partner in Egypt’s economic development strategy.

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