Engineering Export Council records growth rate of 11% in 2017

CAIRO – 16 May 2018: Engineering Export Council of Egypt (EEC) recorded a growth rate of 11 percent in 2017 on a year-on-year basis and of 10 percent in the first quarter of 2018, according to ECC’s statement.

The statement clarified that the number of big exporting enterprises has been increased to 18 companies from 12 companies, while small enterprises jumped to 141 companies from 121 companies.

The exporting council reviewed these data during its meeting about the results of the council during the three years from 2015 to 2018.

The council supported the exports of the engineering sector through boosting the cooperation between all sectors and organizations; this linkage aims at connecting all partners to one organization, which reflects positively on the Egyptian exports, CEO of the Engineering Council, Maha Saleh, said.

Saleh added that the council affected some decisions of the central bank of Egypt (CBE) regarding the redefinition of SMEs after exchange rate liberalization.

Saleh also noted that a financial support was provided to companies during the last three years through trade missions, exhibitions and partnerships with European Union and the European Bank for Reconstruction and Development (EBRD), in addition to facilitating the movement of exporters through providing promotion offers from Egypt-Air Company.

Among the most important projects the council has recently worked on is "Operate in Exports", where a number of partners provided trainings to qualify companies to work in the field of export, she added.

EEC is an organization that targets to enhance the competitiveness of Egyptian Engineering products by providing export-related services to enhance marketing capabilities, strengthen human skills and eliminate obstacles, aiming to be the credible voice of the Egyptian Engineering community through increasing exports and achieving financial and membership sustainability.