Ministry of Trade and Industry
The primary objective of the meeting was to bolster the sector's exports in the upcoming period, as emphasized by Madbouly.
The project entails the construction of a sodium cyanide factory in Egypt, primarily focusing on meeting local demand and exporting 80% of the production to markets in the Nile Basin, the Middle East, and Africa
This ambitious strategy is expected to create 7 to 8 million job opportunities during the specified period.
Minister Samir reiterated the significant role Italy plays as one of Egypt's prominent global economic partners.
Samir added that Egypt plans to increase industrial production by 20 percent, enhance the green economy's contribution to the gross domestic product to a minimum of 5 percent, and provide number of job openings, targeting 7 to 8 million opportunities.
From 1970 until the end of April 2023, Bulgaria ranked 22nd among the most prominent European Union countries investing in Egypt
This announcement was made during the opening ceremony of the PLASTEX 2024 and the Egypt Plast 2024 exhibitions
In 2022, the trade volume between Egypt and COMESA countries reached its highest level, totaling $4.3 billion, as highlighted by the trade minister
These investments span over various sectors including industry, construction, tourism, services, agriculture, finance, communications, and information technology
During the forum, Qatar's Minister of Commerce and Industry, Mohammed bin Hamad bin Qassim, disclosed that Qatar had already invested over $5.5 billion in Egypt's financial, real estate, and energy sectors
Minister Samir revealed a 21% rise in the volume of trade exchange between Egypt and Greece during the year 2022.
The rates of trade exchange between Egypt and UK have witnessed significant progress recently, as the volume of trade between the two countries reached almost GBP 3.4 billion in 2022
The event is expected to attract participation from 75 countries and feature 1,600 exhibitors. It is projected to facilitate trade and investment deals amounting to $43 billion.
During the meeting, discussions took place with international companies specialized in the food industry to explore the ways of increasing investments, exports, and boosting local manufacturing.
Turkish companies Vestel and Zorlu will carry out a visit to Egypt soon to discuss plans to build a home appliances factory with investments exceeding $70 million
Ahmed Samir, Minister of Trade and Industry, said that the fund’s board of directors had approved the continuation of the support foreign exhibitions and raising the budget allocated for the program to LE 325 million
The Minister of Trade and Industry Ahmed Samir reviewed Egypt’s exports 2022 numbers in France, Germany, Greece, Saudi Arabia, and Spain during a video conference with the heads of regional trade offices.
Austrian investments in Egypt are across 173 projects in a wide range of sectors such as industry, services, tourism, construction, finance, agriculture, telecommunications, and information technology
The coffin will be displayed in the Expo for six months.
A statement issued by the ministry added that the minister carries out her work from home.
