Up to 655 new industrial projects, worth EGP 15.6 billion, have obtained final permits in the first quarter of 2017, Minister of Trade and Industry Tarek Kabil said on Thursday 20/04/2017.

Creating around 20,000 direct job opportunities, the permits covered nine different industrial sectors including food, engineering, chemical, textile, mining, and pharmaceutical industries.

The ministry's strategy aims at stimulating industrial growth to eight percent, and increasing its share in the GDP to 21 percent against the current 17.7 percent, he added.

MENA