Chairperson of the Industrial Development Authority ( IDA) Ahmed Abdel Razek said that the authority targets to offer 12 ready industrial complexes including 8 complexes in Upper Egypt, 3 in 10th of Ramadan City and one in Sadat City.
He made these (...)
Bilateral Trade between Egypt and Spain has increased 20.2 percent during 2017, reaching €2.2 billion compared to €1.6 billion during same period of 2016, Trade Minister Tarek Kabil.
Minister of Trade, Tarek Kabil, attributed the rise of exports to (...)
Egypt's exports to France increased 36.4 percent in 2017 to record €572 million (12.42 billion Egyptian pounds) compared to €420 million in 2016, according to Minister of Industry and Foreign Trade Tarek Kabil.
This news came in the context of a (...)
Exports of the Egyptian textile sector decreased 4 percent during the first month of 2018, recording $62 million, compared to $64 million in January 2017, according to the Egyptian Textile Export Council.
Moreover, Egypt adopts a strategy to become (...)
A consortium of two companies Polaris Al Zamil and Ardak Development is set to finish the studies of the first phase to develop and utilise 5.5 million metre square of land in Ain Sokhna as part of Suez Canal Economic Zone next May.
Bassel Shoirah (...)
Chinese car maker SAIC Motor is studying setting up a factory for car manufacturing in Egypt, seeking to boost and develop Egypt's automotive industry, Trade Minister Tarek Kabil announced Sunday.
This came during his meeting with a delegation from (...)
Trade Minister Tarek Kabil discussed with his Romanian counterpart boosting cooperation between Egypt and Romania in all areas, especially in tourism, economic and commercial fields.
Kabil said that Egypt seeks to benefit from the Romania's (...)
Trade and Industry Minister Tarek Kabil left Cairo on Sunday for Brussels to attend the 10th Union for the Mediterranean Trade Ministerial Conference.
The minister said the meeting will focus on Euro-Mediterranean cooperation, especially in the (...)
Egypt has agreed with Emirate on enhancing the bilateral cooperation in different economic fields in order to make a quantum leap in the level of commercial and industrial investment and mutual relations between the two sides
Cairo hosted Saturday (...)
The Egyptian investments in the Emirati market has increased to $826 million, Ahmad Al Wakil the head of Egyptian Chambers of commerce.
He made these remarks during the first session of the Egyptian-UAE joint economic committee. The meeting aimed at (...)
Minister of Trade and Industry Tarek Kabil on Friday said that Egyptian exports to China increased last year by 60 percent hitting US$ 408 million compared to US$255 million the previous year.
This was according to a report that was received by the (...)
Egypt has 119 industrial zones spread around the state with total investments of 700 billion Egyptian pounds under the supervision of the Egyptian Industrial Development Authority (IDA), said Amany Moemen.
The Chairman's Counselor for Strategies and (...)
Tarek Kabil, minister of trade and industry, announced that Egyptian exports to Russian markets has witnessed a great leap increasing by 35 percent to register $504.6 million compared to $374 million.
This came according to the latest report (...)
The next period will witness coordination between the Egyptian and Nigerian ministry of industry and trade to establish the Egyptian-Nigerian business council according to the minister of Industry and Trade, Tarek Qabil.
He added that a memorandum (...)
The Minister of Industry And Trade inaugurates Mars Egypt factory expansion today with investments worth 750 million Egyptian pounds.
The company seeks double its investment in the country to 2 billion Egyptian pounds by the end of 2018, said (...)
The investments in food industries sector has reached 500 million Egyptian pounds by the end of 2017 according to Minister of Industry and Foreign Trade Tarek Qabil.
The minister added that food industry is one of the most important industrial (...)
Egypt has succeeded in the 4th Policy Trade Review conducted by the World Trade Organization (WTO) according to Trade and Industry Minister Tarek Qabil.
Qabil presented Egypt's trade policies and economic reform programme on Tuesday at Egypt's 4th (...)
Minister of Industry and Trade Tarek Qabil stated that the volume of trade exchange between Egypt and Sweden recorded €644 million ($799.04 million) in 2017.
Qabil added that the Swedish investments in Egypt reached a $141 million dividend on 146 (...)
Britain is considered to be the largest investor in the Egyptian market with total investments worth $5.6 billion through 1450 firms and projects according to Minister of Trade and Industry Tarek Qabil.
He asserted that there is much coordination (...)
Trade and Industry Minister Tarek Qabil said Saturday that Egypt is seeking to benefit from Singapore's expertise in industrial development, establishing industrial zones and get to know the latest industrial technology used in the in the industry (...)
Egypt has attracted indirect investments of $17 billion during the last months of 2017, Mohamed Abul Enein head of the General Investment Division of the General Union of Chambers of Commerce said.
He made these comments during the 3rd "Egypt (...)
The trade exchange between Egypt and Croatia has registered €150 million during last year, with the balance in favour of Croatia, the Minister of Trade and Industry Tareq Qabil said.
Qabil met Saturday with Croatia's Ambassador to Egypt Tomislav (...)
The volume of Egypt's foreign trade fell by 9.4 percent, registering around $79.231 billion in 2017 from $86.718 billion in 2016, said Industry and Trade Minister Tarek Qabil on Friday.
"This is due to reducing the imports to about $10 billion (...)
Germany's BSH-Siemens seeks to inject investments of €800 million ($988.7 million) in Egypt to produce home appliances, Egyptian Industrial Development Authority's head Ahmed Abdel Razek said.
He made these remarks during his meeting with Johannes (...)
The foundation stone for China's Guangzhou Goodsense factory has been laid, with an Egyptian-Saudi-Chinese capital of $100 million to manufacture aluminum composite panel, Industrial Development Authority head Ahmed Abdel Razek said.
The factory is (...)