Norway's Enova hands $114mn for hydrogen production    Gold prices in Egypt on June 29    World Bank to provide Egypt $500 million to enhance food security – minister    Saudi citizens could enter Schengen countries visa-free    Egypt's Petrojet returns to Libyan oil sector after 11 years    Cemex, VeryNile sign deal for Egypt's Nile River    NATO remarks Egypt's role in maintaining stability in Middle East and Africa    Congo needs Egypt's expertise to diversify its economy – FPI official    Dostarlimab drug cures rectal cancer patient 100%, trials show    Egypt: A royal train turns into a new tourism attraction    Conclusions and Recommendations of the 1st edition of Africa Health ExCon    For the first time John Legend to perform in Egypt    Egypt discovers newly treasure trove of ancient artifacts at Saqqara Necropolis    Noura Al-Mutair – first Gulf female boxer in World Championships    Liverpool fans: "You'll Never Walk Alone" to Cristiano Ronaldo    Egypt to play key role in integrating water, climate issues globally – World Bank official    Egypt's telecoms regulator announces working hours for holy month of Ramadan    Maha karara joins AAIB as Head of Corporate Communications, Sustainability    Egypt works on charting cooperation strategies with international institutions for 5 years: Al-Mashat    Over 2.4 million newborns examined for hearing impairment: Health Ministry    Netflix releases trailer of Arab adaption of 'Perfect Strangers' film    Balqees to headline concert celebrating launch of streaming giant LIVENow in MENA    Sawsan Badr to be honoured at Aswan Women Film Festival    MP Abdel Hady Al-Qasby calls government to facilitate and support NGOs    Al-Sisi follows up on 'Great Transfiguration Project' in St. Catherine    Cairo, London stress need to strengthen cooperation to face climate change    Foreigners account for 22.6% of Egypt's T-bills issuances in 1H 2021: CBE    Egypt's ambassador to Italy passes away    Egypt confirms readiness to help African countries face terrorism and extremism    An estimated 235 million people needed humanitarian assistance and protection in 2021, an increase of 40% compared to 2020: IOM Egypt    Egypt, DRC discuss water cooperation during WYF    Egypt, DR Congo discuss boosting bilateral cooperation during WYF    Cameroonian police probe assault on three Algerian journalists covering AFCON    Pharaohs start AFCON 2021 campaign with fierce clash against Nigeria    Foreign Ministry opens capacity building course for French-speaking African diplomats    Egypt's trade with Nile basin countries climbs 26% y-o-y in 9 months    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Ministry of Industry proposes integrated logistics area for Egyptian products in Iraq
Published in Daily News Egypt on 08 - 10 - 2013

Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour discussed with Erbil governor Nozad Hadil the establishment of an integrated logistics area for Egyptian products in Iraq, according to a statement from Federation of Egyptian Chambers of Commerce.
During last week's meeting in Erbil, Iraq, they also discussed involving Egyptian construction companies in reconstruction projects and Egyptian agriculture investment companies in agricultural development. The two went on to propose re-opening the door to Egyptian labour in Iraq in the fields of industry, agriculture and construction, which will be coordinated with Minister of Manpower, read the statement.
Ahmed El-Wakil, the head of Federation of Egyptian Chambers of Commerce who headed the delegation of Egyptian businessmen with Abdel Nour, said the proposed logistics area would be a "practical mechanism to develop Egyptian exports to Iraq, besides being an immediate exports hub to Iran, Eastern Europe and Central Asia."
According to El-Wakil, this area will be the base for an Egyptian industrial zone in Iraq, set to manufacture products based on Egyptian components integrated with Iraqi components, which will create job opportunities for both countries.
Abdel Nour also headed a meeting with the head of the Chambers of Commerce in Kurdistan region, El-Wakil and leading businessmen from both parties, and agreed upon developing the bilateral trade between Egypt and Kurdistan and increasing the presence of Egyptian companies in the market to meet the needs of the Kurdistan region "especially that Egyptian products received a great welcome in Kurdistan due to high quality and reasonable price" read the statement.
El-Wakil called for the freedom of movement of individuals, products, services and capital between both countries.
The visit is one of several other stops by Abdel Nour to at total of five cities, starting with Milan and ending in Erbil last week, geared towards attracting investments and increasing exports, according to the chamber's statement.
Meanwhile, during his visit to the Industry Modernisation Centre on Sunday, Abdel Nour pointed out that the centre is developing new programmes to provide services for industrial sector. This is particularly aimed at supporting insolvent factories, the total number of which has reached 790, according to a statement from Ministry of Industry.
In a meeting hosted by the Egyptian Lebanese Business Association earlier in September, Abdel Nour stated that EGP 3bn had recently been set aside to help develop industrial lands set to be made available to investors in 36 regions throughout the country.
Egypt's trade deficit decreased by 29.7% in May compared to the same month last year, from EGP 23.05bn in 2012 to EGP 16.21bn in 2013.

Clic here to read the story from its source.