This paper assesses Gamal Abdel Nasser’s efforts to transform Egypt’s post-colonial economy via his industrialisation policies, drawing lessons for today from both his successes and shortcomings. By analysing outcomes through indicators of industrial production, employment patterns, productivity, and main beneficiaries in the post-independence period, the paper critiques Nasser’s incremental approach, the undermining of worker’s movements, and the limiting nature of ‘state feminism,’ which contributed to the failure to achieve full economic and political independence, leading to its eventual collapse in the face of imperialist resurgence. Nasser’s industrialisation project, however, does demonstrate the superiority of active policy intervention, particularly of planning and import-substitution-industrialization, and suggests the need to pursue central planning, economic inclusion, self sufficiency, and social production aimed at meeting the material needs of the population in the contemporary period.