COOKIE NOTICE

We use cookies for analytics, advertising and to improve our site. You agree to our use of cookies by closing this message box or continuing to use our site. To find out more, including how to change your settings, see our Cookie Policy

Egypt’s to boost exports to $145B annually | TradeMin

Samir confirmed that the government seeks to increase industrial output by 20% annually and raise the contribution of the green economy to the gross domestic product to at least 5%.

By: Business Today staff

Tue, Apr. 23, 2024

Egypt is working on a strategy to increase Egyptian petroleum and non-petroleum to reach $145 billion annually over the next six years, Minister of Trade and Industry, Ahmed Samir, stated during his speech at the Export Management Certification Program Event.

Samir confirmed that the government seeks to increase industrial output by 20% annually and raise the contribution of the green economy to the gross domestic product to at least 5%.

Furthermore, this strategy will boost job opportunities by providing 7 to 8 million opportunities during that period.

The minister emphasized that these endeavors demonstrate Egypt’s willingness to enhance the proportion of industrial production in the overall GDP, thereby facilitating a surge in the volume of Egyptian exports.

It is worth noting that the Export Management Certificate Program, facilitated by the Egypt Trade and Export Development Project funded by USAID TRADE, serves as a crucial initiative aimed at enhancing Egypt's export capacities.

Samir pointed out that the Export Management Certificate Program is a valuable addition to the ongoing efforts of the Trade and Export Development Project in Egypt (TRADE) to support the performance of the Egyptian export sector.

The program combines practical experiences and academic frameworks to develop skills related to the export process.

It collaborates with renowned training and research institutions, with the aim of enhancing the efficiency of workers in the export sector, particularly those employed in small and medium-sized companies.