Latest news with #ExportCouncilforChemicalIndustriesandFertilizers
Al-Ahram Weekly
22-07-2025
- Business
- Al-Ahram Weekly
Egypt targets over $11 bln in chemical, fertilizer exports by end-2025 - Economy
Egypt aims to surpass $11 billion in exports from the chemical and fertilizer industries by the end of 2025, driven by strong growth, global demand, and increasing interest from international investors, according to Khaled Abou El-Makarem, chairman of the Export Council for Chemical Industries and Fertilizers. Speaking at the Seventh Green Economy Forum, Abou El-Makarem revealed that the sector has already achieved a 12 percent growth in exports during the first five months of 2025, nearing the $4 billion mark. In 2024, the industry recorded approximately $9 billion in exports, accounting for 23 percent of Egypt's total exports that year. He attributed this performance to Egypt's strategic advantages as a manufacturing hub, including significantly lower labour and financing costs than China or Turkey. "Egypt's production costs are substantially lower, making locally manufactured goods more competitive on the global market," he said. The chairman also highlighted a growing interest from Turkish companies, particularly in the chemical, textile, and engineering sectors. Many of these firms have begun leasing or acquiring production facilities in Egypt, drawn by the country's stable investment climate and robust trade frameworks. 'Egypt's trade agreements, especially across the Middle East, provide a unique allow manufacturers to export under the 'Made in Egypt' label and benefit from preferential treatment in key markets,' Abou El-Makarem stated. He also highlighted the significance of the US-Egypt Qualifying Industrial Zones (QIZ) Agreement, which enables Egyptian exports to enter the US market duty-free and without quota restrictions. Egypt, he added, faces far fewer US tariffs than many competing export countries. Abou El-Makarem further emphasized the need for greater coordination across export sectors and praised the government's streamlined support for exporters. He cited an instance in which a customs issue was resolved in just 22 minutes, underscoring the responsiveness of Egypt's trade infrastructure. 'If we want to open new markets and increase exports sustainably, we must export smarter, not just more. Knowledge, technology, and institutional coordination will determine who leads the next phase of global trade,' he stressed. Egypt targets increasing its annual exports to $115.8 billion by 2030, compared to $40 billion attained in 2024. Exports represent a key component of the country's hard currency generators, alongside revenues from the tourism sector, the Suez Canal, and remittances from Egyptians working abroad. Follow us on: Facebook Instagram Whatsapp Short link:
Libya Observer
11-05-2025
- Business
- Libya Observer
27 Egyptian companies to participate in Libya Build exhibition in Tripoli
The Chairman of Egypt's Export Council for Chemical Industries and Fertilizers, Khaled Abu Al-Makarem, confirmed the participation of 27 Egyptian companies in the 17th edition of the Libya Build exhibition in Tripoli, scheduled to take place from May 12 to 15, 2025. The companies will exhibit over an area of 436 square meters, alongside participants from nine countries including Italy, Turkey, Egypt, France, Malta, Tunisia, Germany, China, and Austria. The event aims to strengthen economic cooperation between Egypt and Libya. According to Al-Mal newspaper, Abu Al-Makarem said that the participation seeks to boost the presence of Egyptian products in the Libyan market and open new channels of cooperation with Libyan partners, particularly given the growing demand for high-quality and competitively priced Egyptian chemical products. He stressed that the Libyan market is a vital destination for Egyptian exports, adding that the Libya Build exhibition serves as a strategic platform for enhancing trade relations between the two countries and increasing chemical exports, thereby supporting Egypt's national economy and its export growth targets. The Executive Director of the Export Council for Chemical Industries and Fertilizers, Mohamed Magid, said the council aims, through this participation, to open new markets for Egyptian companies and strengthen their footprint in the Libyan market, which offers promising opportunities for growth and investment. The Egyptian presence comes amid a surge in sector exports to Libya in 2024, with plastic product exports reaching around $103 million, inks and paints $94 million, detergents $36 million, various chemical products $15 million, glass products $13 million, and fertilizers $11 million, among other Egyptian goods.
Libya Review
10-05-2025
- Business
- Libya Review
27 Egyptian Firms Take Part in 2025 'Libya Build' Expo
Twenty-seven Egyptian companies are set to take part in the 17th edition of the Libya Build Exhibition, held in Tripoli from May 12 to 15, 2025. The participation marks a significant move to strengthen bilateral economic ties between Egypt and Libya, especially in the field of chemical and construction industries. The event will host exhibitors from nine countries, including Italy, Turkey, France, Germany, Malta, Tunisia, Austria, China, and Egypt, with the Egyptian pavilion covering 436 square meters. Khaled Abu El Makarem, Chairman of Egypt's Export Council for Chemical Industries and Fertilizers, stated that this participation reflects Egypt's growing commitment to deepening its economic presence in the Libyan market. He noted that the Libya Build platform serves as a strategic gateway for Egyptian companies to expand exports, build sustainable partnerships, and respond to the increasing demand for Egyptian chemical products, renowned for their quality and competitive pricing. Abu El Makarem highlighted Libya as a vital export destination, calling the exhibition a key opportunity to support Egypt's national strategy for increasing non-oil exports. 'Libya Build helps us bring Egyptian products to the forefront in a neighboring market with high commercial potential,' he added. Executive Director of the Council, Mohamed Magid, emphasized the importance of the event in opening new markets and expanding Egypt's economic footprint in North Africa. He reported a strong performance of Egyptian chemical exports to Libya during 2024, with plastic exports reaching $103 million, inks and paints $94 million, detergents $36 million, various chemical products $15 million, glass $13 million, and fertilizers $11 million. The exhibition will showcase a range of sectors including pipes, paints, insulation materials, sanitary ware, construction chemicals, electrical components, and timber products—providing ample opportunity for Egyptian companies to connect with Libyan counterparts and regional buyers. Tags: EgyptEgyptian firmsExportslibyaLibya Build
