Part of the meeting between several Egyptian ministries and representatives of the British firm Polar Hydro. Photo courtesy of Egyptian cabinet.
The facility will process and safely recycle solid household waste to produce biofuel and fertilizers.
The output will supply the domestic market, with surplus quantities set to be exported to several European countries.
The project will also help support job creation and contribute to increasing annual exports, as it falls within five priority sectors through which Egypt aims to boost its exports.
Egypt targets a 20 percent annual increase in its exports through 2030, as outlined in the country’s new economic narrative in five priority sectors.
These sectors are tourism, manufacturing, agriculture, energy, and information and communication technology.
These developments were announced during a meeting held by Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir with company representatives while presiding over the 35th meeting of the Ministerial Group for Industrial Development.
According to the statement, a meeting will be held—on a date yet to be disclosed—between the Egyptian officials and representatives of the British company to expedite final preparations for a feasibility study to be presented at a coming meeting with a ministerial group.
Another UK-based company, Blue Skies Global, a major fresh fruit producer and exporter, also plans to build a refrigerated storage facility spanning 10,000 square metres. The facility will serve the company’s two existing factories in the 10th of Ramadan City and handle products designated for export. The investment value has not been disclosed.
Egypt’s food industries sector saw its exports rise by 11 percent, exceeding $5.8 billion in January–October 2025, compared to $5.2 billion in the same period of 2024.
Imports and customs challenges
Minister Al-Wazir plans to establish a committee comprising the Federation of Tourist Chambers and the Federation of Egyptian Industries to identify non-locally manufactured imports used in the tourism sector and define their specifications, according to the statement.
He also plans to form another committee, led by the Ministry of Investments and Foreign Trade, with support from the Ministries of Finance and Industry, to examine the causes of customs-related disruptions and develop solutions to mitigate their impact on local manufacturing.
Under the current Extended Fund Facility (EFF) with the International Monetary Fund, Egypt aims for raising the private sector share in the national economy to be the key leader of the country’s economic growth and job creation.
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