Egypt from Industry Side
is an industrial country where a huge number of factories depend on the martial harvested from the rich agricultural environment of Egypt and from the mines of gold and gemstones. Nowadays Egypt is involved in a number of modern industries while maintaining its roots. Structure & Oversight Egypt’s industry and manufacturing sector, which accounts for around 15% of total GDP, plays a prominent role in the country’s economic development agenda, which emphasises innovation, sustainability and enhanced ties with the African continent. Indeed, scaling up investment in manufacturing is a policy priority as the country accelerates industrialisation and shifts from low-value-added to high-value-added, technology-intensive manufacturing segments.
The Ministry of Trade and Industry (MoTI) oversees the sector, with the mission to promote sustainable and inclusive industrial development; enhance export growth and competitiveness; accelerate sector diversification; promote innovation and knowledge; and generate employment opportunities. According to the minister of trade and industry, Nevin Gamea, key growth priorities in the post-pandemic recovery period include increasing non-traditional exports; improving Egypt’s global competitiveness and attracting more foreign direct investment; deepening local industrialisation; and securing bilateral and multilateral trade agreements.
The government’s efforts to optimise the regulatory environment have been key to stimulating investment in the manufacturing sector. Additional targeted policies will be necessary to build more capacity in Industry 4.0 sectors and achieve higher levels of value addition across industrial segments. According to the latest available statistics from the Ministry of Planning and Economic Development (MPED), in FY 2020/21 total investment in the non-petroleum manufacturing sector. Of this, public sector investment represented close to 64% of the total, and foreign direct investment (FDI) represented 36% of the total.
Shipbuilding was known to the Ancient Egyptians as early as 3000 BCE, and perhaps earlier. Ancient Egyptians knew how to assemble planks of wood into a ship hull, with woven straps used to lash the planks together, and reeds or grass stuffed between the planks helped to seal the seams. The Archaeological Institute of America reports that the earliest dated ship—75 feet long, dating to 3000 BCE—may have possibly belonged to Pharaoh Aha.
Maritime trade in ancient egypt
Shipbuilding was known to the Ancient Egyptians as early as 3000 BCE, and perhaps earlier. Ancient Egyptians knew how to assemble planks of wood into a ship hull, with woven straps used to lash the planks together, and reeds or grass stuffed between the planks helped to seal the seams. The Archaeological Institute of America reports that the earliest dated ship—75 feet long, dating to 3000 BCE—may have possibly belonged to Pharaoh Aha. An Egyptian colony stationed in southern Canaan dates to slightly before the First Dynasty. Narmer had Egyptian pottery produced in Canaan—with his name stamped on vessels—and exported back to Egypt, from regions such as Arad, En Besor, Rafiah, and Tel Erani. In 1994, excavators discovered an incised ceramic shard with the serekh sign of Narmer, dating to c. 3000 BCE. Mineralogical studies reveal the shard to be a fragment of a wine jar exported from the Nile valley to Palestine. Due to Egypt’s climate, wine was very rare and nearly impossible to produce within the limits of Egypt. In order to obtain wine, Egyptians had to import it from Greece, Phoenicia, and Palestine. These early friendships played a key role in Egypt’s ability to conduct trade and acquire goods that were needed.