The Egyptian Minister of Planning and Economic Development, Hala El-Saeed, reviewed the preliminary indicators of the country’s economic performance from July through September.
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A group formed by five ministers and other government representatives will work to double Egyptian exports to African countries by 2025.
According to the president of the Egypt Internal Trade Development Authority, the country accounts for 15% of foreign investment in the continent. Ibrahim Ashmawy announced several new improvements for the Egyptian trade sector, such as a commodity exchange, strategic inventory expansion, and e-commerce platforms.
Liquefied natural gas and hydrogen exports from Egypt were up 900% in the third quarter of 2021, the highest rate in the world, according to a report of the OAPEC.
E-commerce accounts for 2.5% of the market in Egypt, and the sector has been achieving high growth rates.
Plastics, boat parts, fishing boats, and yachts are the main sectors in the free zone of the emirate of Ajman, which offers flexibility according to the needs of each business.
Egyptian pomegranate exports surpassed 100,000 tonnes a year, and the minister of Agriculture announced China approved the product’s entry into its market.
Companies such as Ecotrading, Intercroma, and Almina established contacts with government and private sector institutions in the UAE and Qatar. The Brazilians’ perspective is for the mission to generate significant business.
Egypt’s canal was crossed by 1,847 vessels, with a net tonnage of 112.1 million tons in October.
Leaders of the Arab Brazilian Chamber of Commerce and the Federation of Saudi Chambers of Commerce discussed on Wednesday (3) in Riyadh the creation of Brazil-Saudi Arabia Business Council.
This year, Brazil reached the record-breaking mark of over 11,000 gigawatts of operational power from photovoltaic solar sources. The increase in the price of electricity bills is one of the factors that boosted the demand for clean energy, such as solar.
PepsiCo, Deloitte, Johnson Controls, Didi Chuxing, Philips, Siemens, and Samsung are among the 44 companies that announced the capital of Saudi Arabia as their choice for regional headquarters.
To attract investment and bolster exports, governor João Doria penned memorandums of understanding with DMCC, World Logistics Passport, and Abu Dhabi Global Market. São Paulo Expo Week ends on Sunday (31) in Brazil pavilion at Expo 2020.
According to the Ernst & Young index, the United States and China occupy the top positions in ranking the most attractive countries for investment in the sector, while Morocco and Egypt are at the forefront among Arab nations.
