Industrial+Production

In Egypt, its industry has been one the most attractive. The major industrial products of Egypt are textiles, chemicals, petroleum, and metals, pharmaceuticals, food processing, construction, and light consumer goods. The most important industrial products are textiles and clothing because Egypt is the leading country that produces textiles. The textile industry made $8 billion and had 30% manpower. Another Industrial product is petroleum, which is 40% of its export earnings. Egypt is creating programs to help its industry, such as the One Thousand program, which is going to be in action for 5 years until 2011. This is going to create 1000 factories to encourage the partnership between the private sector and the bank sector and to also have more job opportunities. Egypt has many other programs as well such as the Business Market program, which helps finance 2000 small projects in the industry. Another program is the Egyptian Industry Modernization Program. This was made to increase the competitiveness of the Egyptian product. This also makes more job opportunities and in the first 3 years it has 430 industrial factories which costed 437 million euros.

After the 1952 revolution in Egypt, Egypt became much further advanced in industry than any other Arab country. (As well as any country in Africa except for South Africa). The Socialist Nasser administration coordinated industrial expansion and establishment. The result has been a bureaucracy that is dependent on political directives from government, this became common to the Egyptian industry. Since the early 1990's the government has promoted privatization as a way to eventually increase industrial output.

http://www.nationsencyclopedia.com/Africa/Egypt-INDUSTRY.html http://looklex.com/e.o/egypt.economy.htm
 * Industry accounted for 30% of Egypt's GDP in 2001 [[image:CarryingCotton_June04_029.jpg width="370" height="452"]]