Minister of Trade
Minister of Trade and Industry Nivene Gamea has issued a decree reformulating Egypt’s side to the Egyptian-Saudi Businessmen Council under Abdel Hamid Abu Mossa, the governor of Faisal Islamic Bank, for three years.
Meeting with Prime Minister Mustafa Madbouli and Minister of Trade and Industry Nevine Gamea, President Abdel Fattah El Sisi urged the government to facilitate contracting procedures for owning units at the industrial complex across the nation.
During the meeting, the electricity minister asserted his ministry's keenness on giving preference to local products in the projects implemented by the Ministry.
The meeting tackled the company's current and future investments in the Egyptian market.
The minister reiterated on Monday that Egypt supports such a balanced system to help countries counter the repercussions of the novel coronavirus outbreak.
The presidential directives are clear to support the exports, saying that the exporters will pay 30 percent of their arrears by the end of this fiscal year with a minimum limit of LE 5 million.
South Korea's industry ministry said Tuesday it plans to build 18 hydrogen production facilities by 2022.
AfCFTA will contribute to bolstering intra-African trade and achieving higher economic and industrial growth rates for the continent, it stressed.
Nassar discussed on Wednesday with a delegation of the Chinese Huajian group plans of the group's investments in Egypt.
He made the remarks at a meeting with First Vice President of DMG Events Chris Kilbee and his accompanying delegation.
The meeting reviewed a Finnish industrial project in Egypt in the field of producing flexible packaging materials which will be inaugurated this month.
The ministry is seeking the help of international export agencies to promote Egyptian exports abroad especially the Small and Medium-Scale Enterprises (SMEs).
Th meeting discussed mechanisms of trade liberalization in the African continent and opening African markets to the exports of member states.
The African Intra-Trade Fair is held from December 11 to 17.
The document was signed by Egypt’s Minister of Trade and Industry Amr Nassar and Minister for Trade of the Eurasian Economic Commission Veronika Nikishina.
This came during a meeting of the 5th round of talks of the Egyptian-Tunisian trade and industrial committee which concluded on Saturday.
The most important items of Egyptian exports to Singapore last year included chemical products, fertilizers, agricultural crops and food industries.
Eood industry is one of the most important industrial sectors in the Egyptian economy with total investments recording LE 500B and $2.8B in 2017.
Ahead of the Euromoney Conference, Minister of Trade and Industry Tarek Kabil discusses the government’s vital economic reform measures and their effects on the trade and industry sectors.
The factory will be established on an area of 200,000 square meters and is scheduled to start production by the middle of next year.
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