Ahmed Samir
The meeting aimed to explore ways to enhance trade and investment cooperation between Egypt and Malaysia.
Turkey followed closely behind with imports worth $1.76 billion, while Italy contributed $793.1 million to Egypt’s export market.
The primary objective of the meeting was to bolster the sector's exports in the upcoming period, as emphasized by Madbouly.
He further mentioned that the country's merchandise exports reached approximately $36 billion in 2023.
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.
The government plans to achieve this goal by focusing on the development of the industry sector, enhancing the value of Egyptian products
From 1970 until the end of April 2023, Bulgaria ranked 22nd among the most prominent European Union countries investing in Egypt
Samir also emphasized the pivotal role of Egypt's cement sector as a pillar for the nation's infrastructure and urban development projects, as well as the industrial sector’s role as a key player in Egypt's recovery, addressing global and regional economic challenges
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
This came during his opening speech at the activities of the Annual African Trade Summit, IATF2023, which Egypt is hosting in its third session.
They also discussed ways to promote investment opportunities in Egypt to German companies, particularly in food security, pharmaceutical manufacturing, and fertilizer and agricultural nutrition
The award program is within the ministry’s framework to encourage innovation, further develop the industrial sector, and motivate other local companies to improve the sector’s competitiveness.
These remarks were made during the minister's participation in the fourth edition of the Turkish-African Economic and Trade Forum held in Istanbul, Turkey.
Samir affirmed that Egypt and India share a strategic bilateral relationship that spans a long history of mutual cooperation aimed at supporting the economic and social development aspirations of both countries.
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