Egypt's engineering industries exports surge 42% in January 2025
He highlighted the importance of reducing production costs and deepening local manufacturing to sustain growth and attract foreign investments in strategic industries. He also stressed the need for incentive packages to encourage investment in advanced technology components with high import costs, while calling for the establishment of accreditation laboratories and the introduction of tax and customs incentives for importing essential raw materials and production components.
The EECE's monthly report showed strong growth across several key engineering sectors in January 2025 compared to the same period in 2024. Cable exports increased by 72.8%, while electrical appliances saw a 64.9% rise. Automotive components recorded a 9.5% increase, and home appliances grew by 17.1%. Electrical and electronic industries expanded by 27.3%, while ship and boat exports surged by 284.6%. Machinery and equipment exports also posted strong growth, rising by 65.9%.
May Helmy, Executive Director of the Engineering Export Council, underscored the vital role of engineering exports in driving economic growth, creating new job opportunities, and achieving national development targets. She stressed that the council's strategy is focused on enhancing the quality of exported products to maintain the current upward trend. She also reaffirmed the EECE's commitment to promoting Egyptian engineering industries globally through participation in international trade fairs and conferences, organizing buyer missions, and launching overseas trade delegations.
Egyptian engineering exports saw increased demand across multiple international markets. In Europe, key destinations included Slovakia, the United Kingdom, Turkey, France, Germany, the Netherlands, Georgia, Italy, and the Czech Republic. In Asia, Saudi Arabia was the top importer of Egyptian engineering products, followed by the UAE, Iraq, Jordan, China, and Lebanon. Several African markets, including Algeria, Morocco, Central Africa, Tunisia, Kenya, Nigeria, Ghana, Côte d'Ivoire, Tanzania, Uganda, Mauritius, and Madagascar, also saw a rise in Egyptian engineering imports. Additionally, exports to the Americas increased, particularly to Uruguay and Mexico.
With sustained growth and a widening global footprint, Egypt's engineering sector is on track for an unprecedented export performance, reinforcing its position as a key player in international markets.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily News Egypt
14 minutes ago
- Daily News Egypt
Egypt, Côte d'Ivoire hold political talks, sign visa deal in Cairo
Egypt and Côte d'Ivoire held the third round of political consultations in Cairo on Monday, signing a visa waiver agreement for official passport holders and agreeing to deepen cooperation on a range of political, economic and security issues. Egyptian Foreign Minister Badr Abdelatty received his Ivorian counterpart, Léon Kacou Adom, for the talks, which also covered regional developments of mutual interest. According to a joint statement, the two sides affirmed their commitment to deepening bilateral cooperation and coordinating their positions on regional and international issues. They agreed on the importance of exploring ways to elevate the relationship to the level of a comprehensive partnership, in line with the directives of both countries' political leadership. At the conclusion of the talks, the ministers signed an agreement on the mutual exemption of visa requirements for holders of official passports, a move aimed at facilitating the movement of officials and strengthening coordination between the two countries. Abdelatty praised the development in Egyptian-Ivorian relations, reflected in an increased pace of high-level visits and regular meetings between officials. He noted the success of the second round of political consultations last October, which resulted in an agreement to elevate the talks to the ministerial level. The ministers reviewed opportunities for cooperation in various sectors, including agriculture, livestock and fisheries, infrastructure, mining, health, transport, civil aviation and education. Abdelatty highlighted the capabilities and experience of Egyptian companies in supporting development projects in Africa, including the construction of roads and bridges and the localisation of pharmaceutical industries. In the area of capacity building, Abdelatty stressed Egypt's readiness to support Côte d'Ivoire in establishing a diplomatic studies institute. He also underscored Egypt's commitment to intensifying cooperation to support the counter-terrorism capabilities of West African nations, consistent with Egypt's comprehensive approach to combating terrorism through security, political, economic, social and ideological means. He pointed to Egypt's experience and tools, including field training programmes for armed forces and police, missions from Al-Azhar, and peace and development programmes through the Cairo International Centre for Conflict Resolution, Peacekeeping and Peacebuilding. The Egyptian foreign minister emphasised the great importance Egypt attaches to achieving security and stability in the Sahel and West Africa, given the impact of instability on the region and on Egypt's national security. The talks also addressed developments in the Middle East, the Horn of Africa and the Red Sea, and ways to establish peace and security on the African continent. The Ivorian foreign minister praised Egypt's pivotal role in supporting the capacity building of countries in West Africa and the Sahel, as well as its efforts to reach a ceasefire in the Gaza Strip and ensure the flow of humanitarian aid to the Palestinian people. The two ministers agreed to continue coordination in bilateral and multilateral frameworks, including the exchange of support for candidacies in regional and international forums. In this context, Abdelatty valued Côte d'Ivoire's support for the candidacy of Dr. Khaled El-Enany for the post of Director-General of UNESCO. Egypt confirmed its support for the Ivorian candidate for the position of Deputy Director-General of the International Bureau of the Universal Postal Union. The two sides also agreed on the importance of holding business forums alongside political consultations as a key part of efforts to boost economic and trade relations. It was agreed that the fourth round of political consultations will be held in Abidjan in 2026, at a date to be mutually determined.
Daily News Egypt
14 minutes ago
- Daily News Egypt
Egypt to receive first train for Metro Line 4 in May 2026
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, has met with the Japanese Ambassador to Cairo, Fumio Iwai, to review the progress of joint projects and discuss future cooperation in the transport and industrial sectors. At the outset of the meeting, Al-Wazir expressed his appreciation for the successful collaboration between Egypt and Japan on various transport infrastructure projects. He emphasized the Egyptian government's commitment to expanding this cooperation, particularly in transport and industry, to support the country's ongoing development. Ambassador Iwai echoed Al-Wazir's sentiments, praising the productive partnership between the two nations. He specifically highlighted the successful implementation of phase one of Metro Line 4, a key project that underscores Japan's significant role in Egypt's transport sector. Iwai also noted the growing interest of Japanese companies in investing in Egypt, citing the country's favorable investment climate. The discussions also touched on expanding cooperation in the home appliance sector, particularly between Elaraby Group factories in Egypt and Japanese companies. Additionally, the two sides reviewed the impact of a protocol signed between Egypt's Productivity and Vocational Training Department and the Education Development Fund, supported by the Japan International Cooperation Agency (JICA). This initiative aims to enhance technical and technological education in Egypt, focusing on electronics and green energy technologies to meet both local and international labor market demands. Al-Wazir stressed the importance of providing practical training for students in Japanese factories operating in Egypt, allowing them to gain hands-on experience alongside their academic education. This, he said, will better prepare the next generation of skilled workers to operate advanced technologies in the country's growing industrial sector. The meeting also covered the ongoing success of the Automotive Manufacturing Incentives Program, which benefits the state, manufacturers, and consumers alike. Al-Wazir highlighted how the program has positively impacted car manufacturers in Egypt, including Japanese brands like Nissan. A key focus of the meeting was the development of Metro Line 4, which is being implemented with the collaboration of Japan's Mitsubishi Corporation. Phase one of the project, which spans 19 kilometers from 6th of October City to Al-Fustat, will feature 17 stations. Mitsubishi is handling the electromechanical works, depot construction, and supplying the rolling stock. The first of the 23 trains for this phase is scheduled to arrive in Egypt in May 2026, with the remaining trains to follow according to a set timetable. Looking ahead, discussions also covered the feasibility study for phase two of Metro Line 4, which will extend 31.8 kilometers from Al-Fustat to New Cairo, connecting with Line 6, the East Nile Monorail, and major transport hubs. Future phases include Phase Three, which will stretch 16.3 kilometers to Hosary Square, and Phase Four, covering 38.7 kilometers to the Capital Airport, with connections to the Light Rail Transit (LRT) network. The continued partnership with Japan is expected to play a critical role in transforming Egypt's transport landscape, with Metro Line 4 serving as a cornerstone of the nation's urban mobility strategy.
Daily News Egypt
29 minutes ago
- Daily News Egypt
Ethiopian Airlines, AfDB Sign $10bn Bishoftu Mega-Airport Deal to Boost Africa's Aviation Hub Ambitions
Ethiopian Airlines and the African Development Bank (AfDB) have signed a landmark $10 billion financing agreement to build a state-of-the-art international airport in Bishoftu, in what is being hailed as one of Africa's most ambitious aviation infrastructure projects. Under the agreement, signed on Monday in the Ethiopian capital, the AfDB will act as the lead arranger for financing. The ceremony was attended by senior officials including Ethiopia's Minister of Finance Ahmed Shide, Ethiopian Airlines Group Board Chairman Lt. Gen. Yilma Merdassa, and AfDB President Dr. Akinwumi Adesina. The Bishoftu Mega-Airport, to be developed in five phases, will feature four runways, cutting-edge passenger terminals, advanced cargo handling facilities, and capacity to handle over 100 million passengers annually once completed. Covering an estimated 3,975 hectares, the facility is expected to quadruple Ethiopia's current aviation capacity and position the country as a premier African transit hub. Officials say the project will significantly boost employment, regional trade, and tourism, while strengthening Ethiopia's role in connecting Africa to global markets. The mega-airport will also enhance the country's ability to compete with major transit hubs in the Gulf, Europe, and Asia, capitalising on its strategic geographic location. Ethiopia's aviation sector, anchored by its award-winning national carrier, has experienced rapid growth over the past decade. The Bishoftu project is a central pillar of the government's long-term economic development strategy, aimed at leveraging aviation to drive foreign investment and cross-continental connectivity.
