Egypt’s Ministry of Industry has announced a package of incentives to attract investment in cold-rolled, galvanized, and color-coated steel production. The measures aim to strengthen the country’s industrial base, reduce reliance on imports, and expand exports.
The incentives include competitive land pricing with priority access to industrial plots, flexible payment terms, and facilitated loans for working capital and production lines. Operating licenses will be issued within 24 hours once requirements are met, while utilities such as electricity, gas, water, roads, and telecoms will be provided immediately. Local producers will also be prioritized in supplying major national projects.
The ministry said the initiative reflects the government’s commitment to building a globally competitive industrial base, localizing feeder industries, and fostering an investor-friendly environment marked by speed, transparency, and direct support. The package is expected to boost exports, broaden the industrial sector, and create new jobs.
Earlier this month, the Ministry of Investment and Foreign Trade announced provisional safeguard duties on flat steel products: 13.6pct on hot-rolled, 11.11pct on cold-rolled, 12.16pct on galvanized, and 4.94pct on pre-painted steel.
