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Egypt Today
23-02-2025
- Business
- Egypt Today
Egyptian Commercial Service sets $48B export growth targets for 2025
CAIRO – 23 February 2025: The Egyptian Commercial Service (ECS) is targeting exports valued at $48 billion by the end of 2025, a 20 percent increase over last year. Additionally, the Authority aims to boost trade with African nations by 20 percent in 2025, compared to the $3.6 billion achieved by the end of 2024. Yahya Al-Wathiq Bellah, Chairman of ECS, explained that the current strategy is built on several key pillars. It begins by leveraging current global challenges to secure sustainable growth in Egyptian exports worldwide. This will be achieved by adopting flexible, non-traditional trade policies that can adapt to the rapidly changing international market. The strategy also emphasizes enhancing the value of Egyptian exports in both emerging and established markets by prioritizing high-value products. Highlighting the importance of the European market, Bellah noted that the European Union was Egypt's largest trading partner last year, with total trade reaching $29 billion. The goal is to increase this figure by 10 percent to 15 percent, while also improving environmental sustainability standards to ensure smooth market access for Egyptian exports. For this year, the Authority plans to establish a comprehensive database of premier international exhibitions recommended for Egyptian participation, along with an evaluation of each event's significance. In terms of investment, the focus will be on attracting new ventures in sectors such as ready-made garments, textiles, renewable energy, medical industries, engineering, automotive, real estate development, and chemical industries. In 2024, the Authority secured 960 export opportunities valued at approximately $2.3 billion.
Daily News Egypt
16-02-2025
- Business
- Daily News Egypt
76 Egyptian companies participate in Big 5 Riyadh to boost building materials exports
A total of 76 Egyptian companies specializing in building materials are participating in the Big 5 exhibition, held in the Saudi capital, Riyadh, from 15 to 27 February 2025. This participation is part of Egypt's intensive efforts to boost its exports of building materials to Arab and regional markets, particularly Saudi Arabia, which is considered one of the most promising markets in the region. The exhibition is organized by Expo Consultant in collaboration with the Export Council for Building Materials, the Egyptian Commercial Service, and the Egypt Expo & Convention Authority (EECA). This event is part of a broader Egyptian strategy aimed at strengthening trade relations and increasing the volume of trade exchange between the two countries, which has witnessed significant growth in recent years. It also marks Egypt's largest participation in the building materials sector at an international exhibition. The exhibition aims to showcase the latest products and technologies in the building materials sector, including cement, steel, glass, ceramics, and sanitary ware, in addition to modern and sustainable construction technologies. It also provides an ideal platform for Egyptian companies to connect with key investors, contractors, and buyers from Saudi Arabia and the Gulf region. The participating Egyptian companies represent various segments of the building materials industry, including leading producers of cement, steel, ceramics, glass, and heating and cooling systems, as well as companies specializing in modern and sustainable construction technologies. This participation aligns with Egypt's ongoing efforts to boost its non-oil exports, particularly in the building materials sector, which is considered one of the country's most promising industries. Saudi Arabia remains one of the most important markets for Egyptian building materials exports. The Export Council for Building Materials continues to work on overcoming challenges faced by exporters and providing them with the necessary support to strengthen their presence in international markets. In 2024, Egyptian exports of building materials to Saudi Arabia surged to reach $1.5bn. The exhibition was inaugurated by Mohammed Alajlan, Chairperson of the Saudi Contractors Authority, who highlighted the wide participation of major investors and buyers in the construction and building sector. The participation of Egyptian companies in The Big 5 exhibition comes at a time when economic relations between Egypt and Saudi Arabia are experiencing significant growth. Both countries are working to strengthen cooperation across various sectors, particularly in construction and infrastructure, which is witnessing a major boom in Saudi Arabia driven by Vision 2030—an initiative aimed at diversifying the economy and stimulating investment in infrastructure development. The exhibition reflects the economic synergy between Egypt and Saudi Arabia, with Egypt providing high-quality products at competitive prices and Saudi Arabia offering a large and promising market for these products. The Egyptian participation is expected to boost building materials exports to Saudi Arabia, with a targeted increase of 10% by the end of 2025. The Big 5 exhibition presents an opportunity for Egyptian companies to expand their presence in the Saudi market, which serves as a key gateway to the Gulf and Middle Eastern markets. Through this participation, Egypt aims to solidify its position as a leading exporter of building materials in the region and support the government's economic development efforts to increase exports and attract foreign investment.
Zawya
13-02-2025
- Business
- Zawya
Egypt, Oman ink deal to boost investment, trade cooperation
Egypt - The Egyptian Commercial Service (ECS) and the Omani Ministry of Commerce, Industry, and Investment Promotion signed a memorandum of understanding (MoU) to enhance investment promotion and export development, as per a statement. Minister of Investment and Foreign Trade Hassan El-Khatib emphasized the deep historical ties between Egypt and Oman, highlighting the importance of the agreement in increasing trade and investment between the two countries. He noted that the Egyptian government is focused on creating an investment-friendly climate for the private sector through clear, long-term policies and ongoing economic reforms in the monetary, financial, and trade sectors. Ambassador of Oman to Cairo Abdullah Al-Rahbi praised the growing economic relationship between Egypt and Oman, noting that bilateral trade had doubled recently, reaching $1.3 billion. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
