Egypt aims to elevate its industrial sector and increase its contribution to the Egyptian economy by setting a vision for the industry until 2030. This vision involves developing industry in Egypt and enhancing the quality of Egyptian products, as well as improving efficiency and productivity in this sector. Egypt aims to achieve a global level in critical and primary industries, including chemicals, fertilizers, steel, aluminum, automobiles, electrical and electronic devices, medical instruments, and agricultural tools. The vision also focuses on developing emerging, medium, and small industries to achieve this goal.To achieve this vision, the Egyptian government has announced several initiatives and plans aimed at supporting and developing the industry in Egypt. These initiatives include establishing free industrial zones, improving industrial infrastructure, providing financial support and training to industrial companies. Egypt also aims to improve the business environment in the country by simplifying procedures, reducing bureaucracy, and encouraging investment in the Egyptian industry, and increasing industrial exports to achieve trade balance.The main challenge in achieving this vision is to provide the necessary financing for small and medium-sized industrial companies, as they constitute the vast majority of industrial companies in Egypt and face difficulties in obtaining the necessary funding and support.
"Industry and Innovation in Egypt 2030"
Egypt is accelerating its efforts to develop its manufacturing sector in order to achieve its 2030 goals and increase investment in scientific research and innovation in the industry. The industrial sector represents a key factor in the Egyptian government's economic reform plan, in terms of its contribution to the Gross Domestic Product (GDP) and providing job opportunities, which helps achieve the state's sustainable development targets (Egypt Vision 2030).In this context, the Industry Modernization Center has developed a national program to deepen local manufacturing with the aim of increasing competitiveness of Egyptian products to be an alternative to imported products by developing a diverse industrial base of local suppliers, providing a high-quality and competitively priced product, and supporting productive activities in industrial sectors in Egypt.
Egypt's 2030 strategy
The strategic plan of Egypt 2030 reflects the principles and objectives of sustainable development in all fields. It is based on comprehensive sustainable development principles and parallel economic development. The vision of Egypt 2030 aims to be inspirational, explaining how Egypt's contribution will serve the global agenda and how it will serve the global context. The updated vision of Egypt emphasizes addressing and intertwining all issues from the perspective of the three dimensions of sustainable development (environmental, economic, and social). It is a comprehensive and consistent vision consisting of sectoral strategies for various government entities.The development of manufacturing systems and the use of advanced technology in the industry, the emergence of multinational companies, and the provision of communication systems have made the world a single market for goods and services produced by companies and contributed to increasing the intensity of competition between companies in global markets. The vision relies on a government of state institutions and society through administrative reform, the consolidation of transparency, support for monitoring and evaluation systems, and empowering local administrations. All of these objectives are within the framework of ensuring Egyptian peace and security and enhancing Egyptian regional and global leadership.
"The role of Smart Home in Sustainable Development 2030 in Egypt."
Smart Home company is committed to its responsibility towards the state in participating with it in achieving the sustainable development goals and meeting the needs of the local market with the highest quality products. This helps in reducing dependence on imported products. The company develops products and services at prices that are compatible with customers, improves delivery services to facilitate customers and traders in all governorates of Egypt. Smart Home also contributes to promoting innovation by providing the opportunity for all stakeholders to provide innovative solutions to sustainability challenges and collaborate with non-governmental organizations and the public sector to help promote sustainable growth within Egypt.