The industry and mining sector contributes about 20 percent to Gross Domestic Product (GDP). Industrial exports account for 60 percent of total commodity exports. Moreover, it comprises about 30 percent of total workforce, i.e about 2.5 million workers.

 

 

 

Investments in industry and mining reached LE 8 billion in 2002/03. Under the fifth year plan (2002/03–2006/07) investments are targeted to reach about LE 60.91 billion accounting for 13.7 percent of total targeted investments.

 

 

Value of industrial sector production showed LE 192 billion during 2002/03 with an increase of LE 13 billion over 2001/02, targeted to rise by the end of the 5-year plan 2002/03-2006/07 to about LE 254.5 billion at a growth rate of 7.3 percent.

 

 

Value of industrial product reached LE 71.18 billion during 2002/03 expected to reach LE 75.43 billion in 2003/04 and LE 103.1 billion by the end of the 5-year plan (2002/03-2006/07). This industrial product during 2002/03 was generated by the re-spective industrial activities as follows, together with the 2003/04 plan targets.

 

Targeted Total Industry GDP Under 2003/04 Compared to 2002/03 (LE million)

Description	2002/03	2003/04	Real growth rate
Manufacturing Industries:
Food	11028	11676	3,4
Weaving and Spinning	22547	23919,4	3,4
Chemical	19211	20400	3,4
Basic Mineral	5735,2	6094	3,00
Engineering	11864,5	12509,5	4,7
Subtotal manufacturing industries	70385,7	74598,9	3,6
Mining industries	793,1	828,0	2,1
Total mining and manufacturing industries	71178,8	75426,9	3,6

 

 

During 2002/03 industrial exports showed about LE 19.025 billion. These are expected to increase to LE 22.58 billion in 2003/04 at a growth rate of 18.7 percent and LE 31.364 billion by the end of the five-year plan (2002/03-2006/07).