Minister of Trade and Industry
In 2020, the Ministry of International Cooperation secured a total development financing worth $457 million through multilateral and bilateral cooperation for Micro, Small and Medium Enterprises (MSMEs).
Minister of Trade and Industry Nevine Gamea has discussed with Omani Ambassador to Egypt Abdullah al Rahbi means of promoting bilateral cooperation in various fields, topped by industrial and trade cooperation.
“Egypt was one of the few countries that recorded during the crisis an economic growth of about 3.57 percent during 2019/2020,” Minister of Trade and Industry, Nevine Gamea, said.
Gamea added Tuesday that 1.24 million micro-projects were funded during that period, providing more than 1.613 million job opportunities.
Gamea called on Egyptian and Kazakh businessmen to carry out promising projects that contribute to serving both countries.
The decision stipulated permitting the export of quantities surplus to the needs of the local market and estimated by the Ministry of Supply and Internal Trade, and after the approval of the Minister of Trade and Industry.
This came during Gamea’s speech, at the activities of the "Egyptian-Zambian Business Forum".
The IDA, is the technical arm of the Ministry.
Gamea' said that facilitating the measures of these services is a basic cornerstone to create an attractive investment environment to implement the plan of the state for sustainable economic development.
In a press statement, she added that the Projects Development Executive Authority will offer loans for these projects to guarantee their operation.
The decisions come into effect as of the date of their publishing in the official gazette.
Up to 13 complexes are being finished in 12 governorates, nine of them are in Upper Egypt and set to be finished by the end of 2020.
Providing an appropriate legislative infrastructure to improve the business environment is on the top of the government's priorities, she added.
The Egyptian exports to the countries of the agreement amounted to $1.5 billion in 2019, compared to $1.4 billion in 2018.
0CAIRO, Jan 19 (MENA) - Trade and Industry Minister Nevine Gamae has said her Ministry is keen on boosting cooperation and partnership with all international organizations, particularly the UN Industrial Development Organization (UNIDO), with the aim to i
The meeting took up the potential of transmitting the advanced know-how of the Egyptian industry to the Congolese one.
The minister said the government is deeply interested in accomplishing this project and is looking forward to the contribution of more international automobile companies.
This came during the opening of the second Egyptian-Italian Economic Forum, which is held in Cairo.
These include the Russian industrial zone in Suez, the Dabaa nuclear power plant and some railway projects, he told Sputnik on Wednesday on the sidelines of the first Africa-Russia Economic Forum in Sochi.
Japanese investments in the Egyptian market hit around $700 million during last year.