Egypt Aluminum Casting Market Outlook

the egypt aluminum casting market is expected to exhibit strong growth over the next decade due to a multitude of factors, including a growing automotive industry, government investment in infrastructure projects and increasing disposable incomes. the country’s aluminum casting industry is poised to benefit from its strategic geographical location, as well as its access to raw materials and energy sources. in 2018, the egyptian government announced plans to invest $120 billion in infrastructure projects in the face of increasing demand for aluminum and other metals. this investment, along with a growing automotive industry and increasing disposable incomes, is expected to boost the country’s aluminum casting industry in the long-term. the government of egypt has also implemented numerous policies to encourage the growth of the aluminum casting industry. this includes providing tax incentives to businesses involved in the industry, as well as allowing for the importation of aluminum and other metals at reduced prices. in addition, it has encouraged foreign direct investment by providing a favorable business climate and improved labor and labor laws. in the medium-term (2018-2025), the government's initiative to invest in infrastructure projects in conjunction with increased demand for aluminum is expected to push the aluminum casting industry in egypt forward significantly. the availability of raw materials and energy sources is anticipated to remain relatively steady, with much of the country’s resources concentrated in the north and the suez canal providing access to global markets. in the long-term (2025-2032), the growth of the metalworking industry in the region is expected to drive the demand for aluminum casting, resulting in continual growth in the industry. overall, the aluminum casting industry in egypt is expected to be a strong performer over the next decade, thanks to the country’s strategic location, access to raw materials and energy sources, and investment in infrastructure projects. by building a favorable business climate, encouraging foreign investment, and providing supportive labor laws, the egyptian government is well-positioned to meet current and future demand for aluminum casting.