Building materials sector to double exports in next 3 years

CAIRO – 16 July 2017: The Building Materials Chamber of the Egyptian Federation of Industries (FEI) aims to double the sector’s exports in the coming three years, the chamber’s Vice Chairman Kamal el-Desouky said on Sunday.

He said that this comes in light of the Trade Ministry’s strategy to increase exports by 10 percent annually, create three million jobs and increase the industry’s value added.

Desouky said that the building materials sector is one of the biggest sectors contributing to the Gross Domestic Product (GDP), and its exports represent 27 percent of Egypt’s total exports.

The sector’s strategy will be sent to the Trade ministry for discussion in two weeks, Desouky added.