The Trade and Industry Ministry is working to push the industrial sector’s share of Egypt’s GDP to 21%, and grow exports at an annual rate of 10% by 2020, Trade and Industry Minister Tarek Kabil said yesterday in an address to parliament, according to a ministry statement. Kabil also discussed the steps his ministry has taken to spur industrial growth through legislation such as the Public Procurement Act and Industrial Permits Act, as well as setting up industrial complexes in different governorates. The minister said that there are currently 871 idle factories in the country, blaming inaccurate feasibility studies for their dilapidation, Al Mal reports.

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