A report pointed out that the Egyptian sector’s exports surged 36% during the January-May period. The highest-selling products were marble, granite and cement.
Author: Omar Assi
Brazilian company Prime for Import & Export pledged to take care of the sales process in Brazil of products by Egypt-based firms Egyptian Financial & Industrial Co. and Suez Company for Fertilizer Production.
Participating over the internet in the Economic Forum Brazil & Arab Countries, ministers of Egypt, Jordan, and Morocco presented opportunities for Brazilian companies.
In the opening of the Economic Forum Brazil & Arab Countries, speaking on behalf of the League of Arab States, Hossam Zaki invited Brazilians to look at investment opportunities in the Arab countries.
Fertilizers are one of the promising sectors for the Egyptian economy, and their connection with food and clothing is of utmost importance to the global economy. Brazil accounts for 90% of the company’s exports.
Companies from both countries signed investment agreements worth about USD 7.7 billion during the Saudi prince’s visit to Egypt.
A conference addressed the topic of the environment earlier this week in Egypt, which will host the COP27 in November. Mahmoud Mohieldin said that Africa is the most affected continent but can be part of the solution to energy and other issues.
Sumitomo will open its largest plant for vehicle electrical harnesses in the world in the Arab country. The company will take advantage of the benefits offered by the government to investors.
The Egyptian government will implement a strategy to increase tourism in the country. The president of a sector entity said Egypt is working to attract more visitors from Latin American countries, especially Brazil.
The Egyptian Financial and Industrial Company seeks to expand exports to the Latin American market, especially Brazil.
In an interview with ANBA in Egypt, where he was on an official mission, Brazil’s secretary for Strategic Affairs said that the government works for facilitating investments in the country.
Egyptian prime minister Moustafa Madbouly received Arab Brazilian Chamber of Commerce and Union of Arab Chambers heads last weekend in Cairo.
The Arab Brazilian Chamber held in Cairo an event featuring the Brazilian delegation that is in Egypt led by the special secretary for Strategic Affairs, Flávio Rocha. He said that Brazil seeks a strategic partnership with the Egyptians.
Brazilian companies signed a memorandum of understanding with the Arab Organization for Industrialization aimed to collaborate in the industrial sector.
