The Ministry of Industry has announced a new package of investment incentives aimed at encouraging the establishment of factories producing cold-rolled, galvanized, and pre-painted steel products.
In a statement, the ministry called on serious investors to channel new capital into the sector, saying the measures are designed to deliver mutual benefits for investors and the state while supporting long-term industrial development. The package includes the allocation of industrial land at competitive prices, with priority given to cold-rolled and coated steel projects, along with flexible payment terms linked to project implementation schedules and access to concessional financing for production lines and working capital.
To accelerate project execution, operating licences will be issued within 24 hours of completing all required procedures through the General Authority for Industrial Development. Approved projects will also receive immediate access to key utilities, including electricity, water, natural gas, transport links, and telecommunications infrastructure.
The ministry added that domestically produced steel sheets will be prioritized for national and mega development projects, strengthening local value chains and ensuring stable demand for domestic producers. The initiative forms part of a broader strategy to build a competitive industrial base capable of meeting domestic needs while enhancing Egypt’s regional and global competitiveness, with a focus on feeder industries supplying sectors such as home appliances, automotive, transport, medical equipment, packaging, construction, agricultural machinery, and metal furniture.
The announcement follows the imposition of provisional safeguard duties in September 2025 for a 200-day period, set at 11.11pct on cold-rolled coil (minimum EGP 4,152 / USD 88 per ton), 12.16pct on galvanized steel (minimum EGP 4,812 / USD 102 per ton), and 4.94pct on pre-painted steel (minimum EGP 2,584 / USD 55 per ton).
The ministry said expanding local production will help curb import reliance, strengthen supply-chain resilience, create jobs, and support Egypt’s overall industrial competitiveness.
1 USD / 47.3 EGP
