Trade Minister, Samsung discuss company’s expansion plan in Egyptian market
Ahmed Samir, Minister of Trade and Industry, held an extensive meeting with Chunki Kwan, Chairperson of Samsung Egypt, and his accompanying delegation.
Ahmed Samir, Minister of Trade and Industry, held an extensive meeting with Chunki Kwan, Chairperson of Samsung Egypt, and his accompanying delegation.
During the tour, both officials inspected a number of industrial facilities operating in the fields of chemicals, marble, and granite, according to a press statement issued by the Ministry of Trade and Industry on Saturday.
Trade exchange between Egypt, EU surges 24.5% last year
During her meeting with South African Minister of Trade and Industry Ebrahim Patel, Gamea reviewed the course of trade, economic, and investment relations between Egypt and South Africa and ways to enhance cooperation at the bilateral and regional levels.
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The minister added that the industrial sector contributes 11.7% to GDP and is expected to reach 15% and absorb about 28.2% of the total Egyptian labour force in the coming period.
During the meeting, Gamea discussed the state’s keenness to provide the necessary support and assistance to industrial companies operating in the Egyptian market, adding that the government is working to enhance the investments of these companies, whether by establishing new projects or implementing expansions of the existing factories.
Breaking into the African market is one of the most important axes of the MSMEDA’s action plan
Of these projects, 3,116 are commercial projects, 216 are industrial, and 11 are from liberal professions and animal production projects
Trade exchange between the two countries surged by 138% in 2021
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Political leadership is directing all support to raise economic, social levels of Egyptian women
30% of Egypt’s total exports go to Arab markets
Egypt is keen to cooperate with all regional and international business organisations to take advantage of their capabilities in strengthening trade and investment relations
Egypt’s plastic exports hike by 43% in 2021
The minister expressed the ministry’s interest in strengthening joint cooperation with the German Messe Düsseldorf, as it is one of the most important global entities specialized in this field.
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New membership formation’s tenure extends for three years
Volume of funding for projects increased to EGP 500,000, giving priority to villages targeted by ‘Decent Life’ initiative
Gamea pointed out that President Abdel Fattah Al-Sisi has issued directives to open all economic files and share Egypt’s capabilities and experiences to advance joint African action to broader horizons.
Nevine Gamea, Egypt’s Minister of Trade and Industry and CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), has highlighted the “Decent Life” initiative’s integrated technical services. Gamea also highlighted that these services are being provided to citizens in the initiative’s targeted villages to develop their skills and abilities and to help them …
She added that 925 exporting companies benefited from the initiative after being extended from January to April, receiving EGP 4.3bn after deducting all taxes and gas debts.
MSMEDA conducted comprehensive survey of 1,500 villages in ‘Decent Life’ initiative to determine available economic components, said Nevine Gamea
The latest figures compare to the $8.853bn in non-oil exports achieved during the same period of 2020.
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This contributes to providing cash liquidity to enable exporting companies to fulfill their obligations towards their customers, preserve employment
Total complexes are set to provide about 48,000 direct job opportunities
Centres to contribute to meeting local market needs of consumer products
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New export subsidy programme aims to deepen national industry, develop Upper Egypt and border areas