Egypt Poised for Chemical Sector Boom with $10 Billion Export Goal
-
Hashim Sheikh - . March 11, 2025
- . Update: March 11, 2025 8:02 pm
Egypt’s chemical industry experiences strong growth because its leaders want to increase foreign sales to $10 billion by late 2025. Current industrial output produces 3% of Egypt’s national economy and supplies 12% of all industrial output with $7 billion worth of sales.
During the first half of 2024 chemical exports reached $4 billion making this industry stand as the second-biggest producer of non-oil exports. The company invested $30 million in the Chemtics Egypt Chemicals facility in Ain Sokhna and launched a $7 billion petrochemical plant at New Alamein City. The new plant will generate 3.1 million tons of specific products each year.Petroleum Minister Karim Badawi discusses how rice straw production of wooden panels and aviation fuel development help Egypt reach export and sustainability goals. The government uses Decree No. 77 of 2023 to give lower energy costs and export assistance alongside tax benefits to boost sector competitiveness. Experts predict chemicals market grow
