Information Literacy is a concept that does not just apply to individuals. It has considerable significance and relevance to institutions, and to all sectors of society. There is a general presumption, a fair one I believe, that if all sectors of a nation's society become more information literate, then the economy of the country, the quality of public policy decisions, and the quality of life of all individuals will improve concomitantly. This paper addresses information literacy as the author understands its applicability and relevance to the business and industry sector. Hence the paper's title "Information Industry Literacy," which can be translated as "the significance and importance of the information literacy concept to business and industry." That does not necessarily infer that commercial or for-profit firms, alone, should be the only component targets of information industry literacy improvements. Other "players" that are involved in the classic production-consumption economic model must also be involved, including the information literacy of consumers, the information literacy of raw material suppliers, of intermediary distributors, of government regulators, and so on. In short, not just the information literacy of the manufacturer. This paper's perspective is that of a businessman who has been intimately involved in information literacy improvements in one developing country, his native land, Egypt. The particular significance of the reopening in 2002, after centuries of dormancy, of the Library of Alexandria (Bibliotheca Alexandrina) in a worldwide information literacy context is also addressed. The working definition of information literacy provided by the Information Literacy Meeting of Experts convenors has been accepted by this author and the term is used in the paper with the meaning ascribed by that definition. From time to time suggestions for strengthening that working definition are made.