Remittances from Egyptians working abroad surged 55.3% to $36.5 billion, up from $21.9 billion in the previous year.
The canal saw 661 ships reroute from the Cape of Good Hope to its waterways in the first half of the year, contributing to a 3.1% increase in vessel traffic.
Many of the industries listed are currently served by imports despite strong local demand and available production inputs.
The tariffs are designed to shield Egypt’s domestic steel industry from what the government describes as “harmful international trade practices” and excessive global supply pressures.
With warehousing expected to grow at an annual rate of 7% over the next five years, the sector is quickly becoming the backbone of Egypt’s transformation into a regional logistics powerhouse
