EECE head El-Sayyad emphasized that the EECE is also seeking to expand to new export markets, particularly in Africa
The EEC’s monthly report recorded increases in exports of machinery and equipment by 128%, and metal forming components by 96%
On a monthly basis, engineering exports were up by 24% in July 2022 to hit $258.7 million, a more significant growth when compared to June’s 4%
According to the EECE report, exports of electrical appliances rose by 49% year-on-year, cables by 60%, household appliances by 10%, machinery by 117%, and metals by 46%.
Exports from the engineering industry climbed by 25% in May 2022, reaching $264.7 million, compared to $211.7 million in May 2021