The alliance also plans to organize an exhibition of Egyptian products in Kenya, providing a platform to promote Egyptian products and increase export opportunities.
The Egyptian Company for Industrial Exports has announced the formation of a new industrial alliance, which includes six local companies, with the goal of expanding into three promising African markets: Kenya, Nigeria, and Ghana.
Mohamed Adel Hosni, Chairman of the company, stated that the alliance is the result of a full year of preparation. The ultimate goal is to contribute to Egypt’s target of reaching $145 billion in exports by 2030.
Mona Wahba, Managing Director of the Egyptian Company for Industrial Exports, shared that the alliance plans to establish a 4,000 square-meter logistics warehouse in Nairobi, Kenya. This facility will serve as a hub for expanding access to neighboring markets and enhancing the competitiveness of Egyptian products.
During the launch of the alliance’s activities in Kenya and the inauguration of the Cairo-Africa Economic Forum, Wahba explained that the first phase of the expansion plan will focus on exporting chemical products and construction materials in the first six months. Further phases will see expansion into additional industrial sectors, based on the needs of each market.
Wahba emphasized the alliance’s cost-sharing model, which will provide high-quality services like warehousing and marketing, reducing risks and boosting operational efficiency.
Ibrahim Abdel Salam, Chairman of the Egyptian Company for Industrial Exports, noted that this initiative is part of a larger strategic plan to boost Egyptian exports and strengthen the country’s presence in Africa. The alliance includes leading companies specializing in construction materials and chemicals.
Abdel Salam also highlighted the role of the Egyptian-African Company for Development Projects, which has been involved in several key projects, including the Present Goods Project. This initiative demonstrates how the African market benefits from Egyptian expertise.
The company has also carried out research into the needs of the African market, particularly in Kenya, which serves as a gateway to Uganda, Tanzania, and South Sudan. Abdel Salam stressed the importance of establishing warehouses in these regions to lower logistics costs and improve Egypt’s export capabilities.
While the initial focus is on the founding companies, the alliance plans to support all Egyptian companies interested in exporting, expanding the base of exporters and increasing Egypt’s market share in Africa.
Abdel Salam further pointed out that Egypt’s presence in African markets has become a strategic necessity, especially with Sudan being a critical gateway to West Africa, which offers promising investment opportunities in multiple sectors.
The alliance also plans to organize an exhibition of Egyptian products in Kenya, providing a platform to promote Egyptian products and increase export opportunities.
Hosni concluded by noting that the African market needs more partnerships and alliances to drive sustainable growth and enhance the competitiveness of Egyptian products. The alliance is well-positioned to lead this ambitious vision for Egypt’s future export efforts.
