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Italian investments in Egypt reach $4B

Italian investments in Egypt reach $4B

Cairo: Italian investments in Egypt amount to about $4 billion, through 1,204 companies, according to data of the Ministry of Investment and International Cooperation.

This includes investments in infrastructure, gas, petroleum, financial services, logistics, chemicals, petrochemicals, new and renewable energy and ready-made garments.

Trade exchange between the two countries reached $3.993 billion for the period from January to July 2018, of which $1.235 billion are Egyptian exports, compared to imports of $2.758 billion. Italy is one of the top five countries from which Egypt imports.

According to the statistical data contained in the latest publications of foreign trade of Egypt issued by the Statistics Authority, Italy accounted for 6.2 percent of Egypt's total imports during seven months of this year.

The most important imported Italian goods were machinery and articles of iron, plastics and articles electrical appliances. Source: Egypt Today

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