CAIRO - 19 September 2022: Lebanese investments in Egypt amount to $1.2 billion, according to the Egyptian Minister of Trade and Industry, Ahmed Samir.
Samir elaborated that Lebanon ranks 13th for the countries investing in Egypt.
“Trade exchange between Egypt and Lebanon rose 35.4 percent in 2021 to about $580 million, compared to $420 million during 2020,” he stated, pointing out that the value of Egyptian imports from Lebanon rose to $228.5 million, compared to $131 million.
He explained during the activities of the Egyptian-Lebanese Business Forum, held, Monday, in Cairo, that there are about 1,904 Lebanese companies operating in the Egyptian market, noting that Lebanese investments are concentrated in the financial, industrial, service and real estate sectors.
The minister called on the Lebanese companies to establish joint partnerships with their Egyptian counterparts to start exporting in the countries in which Egypt participates in trade agreements.
For his part, Head of the Commercial Representation Authority, Yahya Al Wathiq Billah said that the Ministry of Trade and Industry currently has about 122 industrial investment opportunities, including preliminary feasibility studies.