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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
05-02-2025
- Business
- Zawya
Egypt-Tanzania Business Forum kicks off to strengthen bilateral trade ties
Egypt's ambassador to Tanzania, Sherif Ismail, inaugurated the Egypt-Tanzania Business Forum, marking the start of an Egyptian trade mission to Tanzania. The event was organized by the Egyptian Export Council for Chemical Industries and Fertilizers in collaboration with the Export Council for Building Materials, Refractories, and Metallurgical Commodities, and coordinated with the Egyptian Commercial Service (ECS). Ambassador Ismail emphasized the forum's strategic importance in deepening economic and trade relations between Egypt and Tanzania. He highlighted the complementary resources and economic potential of both nations, which contribute to sustainable development. He also reaffirmed Egypt's commitment to fostering investment and trade with Tanzania by creating a conducive business environment and strengthening cooperation between the public and private sectors. Mohamed Attaya, Head of ECS office in Tanzania, underscored the significance of collaboration, noting the participation of 23 Egyptian companies from 10 key sectors, including chemicals, fertilizers, agriculture, and manufacturing. He mentioned that Egyptian companies had already visited local markets, such as Kariakoo, and would continue exploring factory visits. 'The potential is unlimited, but the main opportunity lies in the agricultural sector,' Attaya said. 'One of the primary challenges in bilateral trade has been the absence of a free trade agreement between Tanzania and Egypt, as Tanzania is not part of the Common Market for Eastern and Southern Africa (COMESA). However, efforts are underway to facilitate trade under the African Continental Free Trade Agreement (AfCFTA).' Latifa Khamis, Director General of TANTRADE, described the forum as a valuable opportunity for Tanzanian businesses to form strategic partnerships with Egyptian counterparts. 'Egypt has made significant advancements in agriculture, while Tanzania provides a favorable investment environment. We have already engaged in discussions with Egyptian firms, and I encourage local businesses to seize these opportunities,' Khamis said. She pointed to promising investment prospects in fertilizers, chemicals, and seeds, noting that Egypt was recognized as an outstanding international participant at last year's Sabasaba Trade Fair. Mohamed Mageed, representing the Chemicals and Fertilizers Export Council of Egypt, reaffirmed Egypt's dedication to strengthening trade relations with Tanzania. He emphasized the deep-rooted political and economic ties between the two nations and stressed the importance of expanding collaboration in sectors such as building materials, industrial chemicals, steel, agriculture, and plastics. 'Tanzania presents immense potential, and we are eager to expand our presence here. With over 100 fertilizer products, we are engaging with traders and relevant authorities to facilitate partnerships that go beyond imports to include technology transfer and local production,' Mageed concluded. Tanzanian participants praised the forum for opening doors to new market opportunities in Egypt and creating pathways for potential local manufacturing partnerships. The opening session was moderated by Ahmed Abdel Fattah, Executive Director of the Export Council for Building Materials, Refractories, and Metallurgical Commodities. He encouraged participants to maximize the opportunities presented by the event to strengthen mutual collaboration and unlock new avenues for investment and trade. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
