Egyptian fertilizer company plans to expand capacity and portfolio. Entering the Brazilian market is one of Green Magic’s goals.
Browsing: Uncategorized
The Egyptian government implemented measures totaling USD 575 million, announced as exceptional aid to help citizens face the impacts of the global crisis.
The Egyptian government launched a strategy to save energy in the country. The goal is to generate more natural gas surplus for exports, favoring the inflow of foreign currency.
The Arab country obtained USD 19.3 billion in revenue from shipments of non-oil products. Chemicals and fertilizers accounted for 22% of the total.
The Arab country signed a Memorandum of Understanding with Indian company Renew Power to implement a green hydrogen plant.
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.
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 Brazilian company has its biggest animal protein markets in China and Egypt and seeks to expand business with the North African country.
The circular building has 3D-printed stainless-steel plates in its façade and is regarded as an architectural marvel even before it opens. Tickets are not yet on sale.
At the event in the UAE, the institution demonstrated its role in strengthening economic ties between Brazil and the Arab countries and fostering trade exchange.
The authority seeks to increase the contribution of non-oil exports to the country’s GDP from the current 16% to 50% by 2030.
The secretary-general of the Arab Brazilian Chamber, Tamer Mansour, met with Mahi Hassan Abdel Latif, Egypt’s deputy foreign minister for American Affairs, in Cairo.
