Since the beginning of the 19th century, the gear forging industry in Egypt has developed rapidly and gradually become an important industry domestically. In recent years, the Egyptian government has introduced a series of policy measures to strengthen its support for the gear forging industry, promoting its further development and growth.
On the one hand, the Egyptian government has increased its financial investment in the industry, providing funding to support technological innovation and product development. On the other hand, the government encourages enterprises to promote technological upgrades and equipment renewal through tax incentives and financing support. Additionally, the government has launched a series of training programs and talent cultivation projects to improve the skills and quality of practitioners and provide stronger talent support for the industry.
The implementation of these policy measures has promoted the healthy development of the gear forging industry in Egypt. Currently, the industry has formed a development pattern led by large enterprises such as the Egyptian Iron and Steel Company, the Egyptian Tractor Company, and the Egyptian Shipyard, along with a large number of small and medium-sized enterprises and supporting companies within the industry chain. Among them, the Egyptian Iron and Steel Company has accumulated certain technological expertise and production capacity in gear forging manufacturing, forming a relatively complete system for technology research and development and manufacturing, and has made certain exportations to international markets.
Looking forward to the future, with the continuous acceleration of Egypt’s domestic industrialization pace and the growing demand of international markets, the market outlook for the gear forging industry in Egypt will continue to be optimistic. The government will continue to strengthen its support for the industry, promoting a strategic initiative such as the “Heavy Industries Revitalization Plan” to encourage technological innovation and industrial transformation and upgrading among enterprises, fully exerting Egypt’s potential to become an internationally renowned brand in gear forging manufacturing.
