< Arab Finance - News - Egypt’s exports of food industries hit $2.35 B in H1

Market is closed

EGX 30 10,642.02 0.43%

Count Down to relaunch



Egypt’s exports of food industries hit $2.35 B in H1

Egypt’s exports of food industries hit $2.35 B in H1

ArabFinance: Egypt’s exports of food industries valued at $2.35 billion during the first half (H1) of 2021, up by 14% from $1.78 million during the same period of 2020, Minister of Industry and Trade Nevine Gamea announced in a statement.

Total investments in the Egyptian food industries sector amount to around EGP 500 billion, accounting for 24.5% of gross domestic product (GDP), Gamea highlighted.

These comments have been made on the sidelines of the 9th edition of the Africa Food Manufacturing Exhibition, which takes place in Egypt from August 2nd to 4th.

Moreover, Gamea pointed out that the exhibition is a great opportunity for achieving the ministry’s goals in bolstering food industries and packaging.

The exhibition would also contribute to increasing the Egyptian exports volume of food industries to global markets, particularly the African countries, the minister added.

 

#Related keywords

Recommended Stocks

11 Oct 2020
Tenth Of Ramadan Pharmaceutica... RMDA
Close
02.11
Change
-00.89
Buy

All rights reserved to Arab Finance 2020 ©

Back to top