Egypt experiences an unprecedented era of social and economic development at the present time. It has the main foundation stones that qualify it to initiate comprehensive industrial development. Egypt is now coping with the global development system by merging its economy with global economy, forming partnerships with the European Union, negotiating with the United States of America a free trade agreement, and concluding further agreements with the Arab and foreign countries using its comparative advantage in these areas. - Egypt possesses an industrial wealth, which is constantly enhanced by the government efforts. Three new factories are set up daily and 75 industrial zones spread throughout the country with 20,000 factories according to recent statistics, and scores of thousands of workshops that produce manufactured products using highly sophisticated technologies. Egypt has a great asset of PhD holding scientists and researchers who work in universities, research centers and the service and production facilities. They help absorb and develop new technologies that are appropriate to the Egyptian production environment. Many Egyptian scientists and experts work abroad in renowned universities, research centers and large companies. Their knowledge and experience can be used to push forward the development wheel in Egypt. Egypt has a large base of university graduates capable of innovation, creativity, and hard work. Their skills can be fully exploited through education and training. Egypt possesses new urban communities, industrial communities, and reclaimed lands which can serve as infrastructure for industrial, agricultural and handicraft production. Egypt enacted a law to regulate the establishing of special economic zones all over the country. The law includes regulations to the use of the latest management and control systems and exemptions in an attempt to ensure the interaction between the national and foreign capitals. The purpose of the law is to construct large establishments and industries grounded in the use of the latest scientific and technological potentials that help provide job opportunities, ensure income generation, contribute to boosting exportation, and attract further national and foreign investments. These pillars allow us to believe that industry is the sector most capable of developing and promoting society through economic progress, along the lines of the advanced industrial countries.