Egypt's Sisi names 13 ministers in Cabinet reshuffle    CIB's Ahmed Issa becomes Egypt new Tourism and Antiquities Minister – Profile    Egypt's parliament approves Cabinet reshuffle in extraordinary session    Sisi calls for extraordinary parliament session to agree on major Cabinet reshuffle    Mayo Clinic researchers pinpoint genetic variations that might sway course of COVID-19    Gold prices in Egypt on August 11    Saudi Electricity gets $567.5 million to finance power interconnection project with Egypt    Egypt's Mersal Foundation secures UN Women loan    Egypt's Health Ministry launches Emergency scooter    Ukraine cuts off Russian oil from 3 countries    Egypt, South Korea to perform Pyramids Air Show 2022 Today    Spain: prosecutor seeks 8 years sentence for Shakira over tax evasion    Egypt: Alamein Art Festival kicks off a collection of recycled installations    John Legend enjoys family trip in Egypt    Sisi: Egypt wants to join BRICS    Egypt: street photography will no longer require permits    Egypt's athlete Basma Emad wins bronze in weightlifting in Mediterranean Games    Noura Al-Mutair – first Gulf female boxer in World Championships    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    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.

Egypt's engineering industry exports rise 44% to $1.9bn in 8M 2021
Published in Daily News Egypt on 18 - 09 - 2021

Egypt's engineering industry exports increased by 44% to $1.957bn in the first eight months (8M) of 2021, compared to $1.357m during the same period last year, according to the Engineering Export Council of Egypt (EECE).
In its monthly report issued on Saturday, EECE said that exports rose by 35% to $274.5m in August 2021 alone, compared to $204m in August 2020.
The Council revealed that the most important sectors whose exports increased in 8M 2021 were: electrical appliances 16%, automotive components 65%, cables 97%, household appliances 63%, and electrical and electronic industries 54%.
The main regions to which engineering exports increased in the same period were: Europe (UK – TurkeySlovakiaFrance – Germany – SpainGreece), Asia (UAE – Saudi Arabia – IraqJordanKuwaitLebanonChina), and Africa (AlgeriaMoroccoLibyaSudanKenyaNigeria – Tunisia).
Sherif El-Sayyad, Chairperson of EECE, announced the inclusion of new products for the export support programme: smart cards, electrical feeding industries, electronic and household appliances, food processing, packaging machinery lines, agricultural machinery, razors, and moulds.
He praised the new programme to support exports, which is one of the mechanisms for increasing national exports to $100bn in the coming years, according to the directives of President Abdel Fattah Al-Sisi.
He explained that the provision of financial liquidity to exporters during the recent period through the lumpsum payment initiative of export subsidy dues helped in solving the problems of the export file. He also pointed to the opening of direct channels of communication between EECE and the Ministry of Industry and Trade in order to deal immediately with any obstacles or proposals to raise the level of exports.
Mai Helmy, Executive Director of EECE, said that the Council is communicating with all parties related to the export file, such as customs, taxes, the Export Support Fund, the Exhibitions Authority and the Export Development Authority in order to speed up the services obtained by engineering companies.
Helmy confirmed that EECE organized a number of meetings and events, the latest of which was a symposium for companies participating in the Egyptian mission to Zambia, provided that all upcoming events would be announced successively with the participation and coordination with representatives from government agencies.

Clic here to read the story from its source.