Egypt's Chemical Industries Target $1.8bn Investments by 2027 Amid Strong Export Growth
Egypt's Chemicals and Fertilizers Export Council is preparing a memorandum for the Prime Minister to stimulate industrial investment, targeting $1.8 billion in chemical industry investments by 2026-2027. This initiative follows robust export growth, with chemical exports reaching $7.723 billion from January-October 2025, a 10% increase year-on-year. Key drivers include fertilizers, plastics, and petrochemicals, with a 2025 export target of $9.5 billion. The plan emphasizes local manufacturing, global competitiveness, and private sector participation.
Egypt's Chemicals and Fertilizers Export Council, led by Khaled Abou El Makarem, is compiling a comprehensive memorandum for Prime Minister Mostafa Madbouly, due by January 15th. The proposal outlines executive measures to significantly boost industrial investment, expand production capacities, and enhance the global competitiveness of Egypt's chemical sector. The council projects chemical industry investments to reach approximately $1.8 billion between 2026 and 2027, driven by new projects and expansions in fertilizers, basic, and specialty chemicals, involving both public and private sectors.TheThe memorandum will focus on practical investment incentives to attract new ventures and facilitate existing manufacturers' growth, promoting deeper local manufacturing and greater penetration of international markets. Additionally, it will suggest dedicated financing mechanisms to accelerate project implementation. This initiative aligns with the Prime Minister's call for doubling local investments and encouraging private-sector involvement through a five-year investment plan.Concurrently, Mohamed Mageed, Executive Director, reported strong export performance, with chemical exports hitting $7.723 billion from January to October 2025, a 10% increase from the previous year. Fertilizers topped the list at $2.244 billion (+13%), followed by plastics and petrochemicals (+22%). Other segments like inorganic chemicals, detergents, and dry cells also showed significant growth, with dry cells surging 72%. Major export destinations include Italy, Turkey, Brazil, and Spain, accounting for over 56% of total exports. The Export Council aims for total chemical and fertilizer exports of $9.5 billion by the end of 2025, maintaining steady growth into 2026.
