Ahmed Samir
Samir added that Egypt plans to increase industrial production by 20 percent, enhance the green economy's contribution to the gross domestic product to a minimum of 5 percent, and provide number of job openings, targeting 7 to 8 million opportunities.
The government plans to achieve this goal by focusing on the development of the industry sector, enhancing the value of Egyptian products
From 1970 until the end of April 2023, Bulgaria ranked 22nd among the most prominent European Union countries investing in Egypt
Samir also emphasized the pivotal role of Egypt's cement sector as a pillar for the nation's infrastructure and urban development projects, as well as the industrial sector’s role as a key player in Egypt's recovery, addressing global and regional economic challenges
This announcement was made during the opening ceremony of the PLASTEX 2024 and the Egypt Plast 2024 exhibitions
In 2022, the trade volume between Egypt and COMESA countries reached its highest level, totaling $4.3 billion, as highlighted by the trade minister
These investments span over various sectors including industry, construction, tourism, services, agriculture, finance, communications, and information technology
During the forum, Qatar's Minister of Commerce and Industry, Mohammed bin Hamad bin Qassim, disclosed that Qatar had already invested over $5.5 billion in Egypt's financial, real estate, and energy sectors
This came during his opening speech at the activities of the Annual African Trade Summit, IATF2023, which Egypt is hosting in its third session.
They also discussed ways to promote investment opportunities in Egypt to German companies, particularly in food security, pharmaceutical manufacturing, and fertilizer and agricultural nutrition
The award program is within the ministry’s framework to encourage innovation, further develop the industrial sector, and motivate other local companies to improve the sector’s competitiveness.
These remarks were made during the minister's participation in the fourth edition of the Turkish-African Economic and Trade Forum held in Istanbul, Turkey.
Samir affirmed that Egypt and India share a strategic bilateral relationship that spans a long history of mutual cooperation aimed at supporting the economic and social development aspirations of both countries.
Minister Samir revealed a 21% rise in the volume of trade exchange between Egypt and Greece during the year 2022.
The rates of trade exchange between Egypt and UK have witnessed significant progress recently, as the volume of trade between the two countries reached almost GBP 3.4 billion in 2022
The event is expected to attract participation from 75 countries and feature 1,600 exhibitors. It is projected to facilitate trade and investment deals amounting to $43 billion.
During the meeting, discussions took place with international companies specialized in the food industry to explore the ways of increasing investments, exports, and boosting local manufacturing.
The fund had begun its disbursement of the ongoing sixth phase by releasing LE 8.7 billion in the first tranche on July 5th
Egypt and Turkey have proposed signing an MoU on issues of industrial cooperation in a meeting between their industry ministers in Ankara, the Egyptian Ministry of Trade and Industry said in a statement on Thursday.
The Minister of Trade and Industry Ahmed Samir reviewed Egypt’s exports 2022 numbers in France, Germany, Greece, Saudi Arabia, and Spain during a video conference with the heads of regional trade offices.
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