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Gamea opens 3rd international HATS Egypt 2021 expo
22 November 2021  -  Organization :  -  Sector/Entity :  -  Category : Trade News

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The event is hosting the largest delegation of 70 importers from 26 promising markets in Africa, the Middle East, Asia and Eastern Europe.

Cairo- Nov 22, 2021

Minister of Trade and Industry Nevine Gamea has inaugurated the third Home Appliances and Tableware Show “HATS Egypt”, held in Cairo on Nov 22-24. She was accompanied by Sherif El-Sayyad, Chairman of the Engineering Industries Export Council (EECE).

Organized by the EECE, the event is hosting the largest delegation of 70 importers from 26 promising markets in Africa, the Middle East, Asia and Eastern Europe. It also includes B2B meetings between Egyptian and foreign companies as well as factory visits to enhance joint cooperation.

“The engineering industries is one of the key productive sectors of the national economy, which contributes in providing the needs of the local market and exports to foreign markets,” Gamea said,  noting that Egypt boasts great industrial potential in the sector, qualifying it to compete on regional and global markets.

She added that boosting Egyptian exports to foreign markets comes atop the ministry’s agenda during the current period, especially for the sectors in which Egypt has a competitive advantage, to reach $100 billion annually.

According to data, exports of engineering industries grew 42% year on year to $2.294 billion during the first nine months of the year, up from $1.612 billion in 2020. The UK, UAE, Slovakia, Saudi Arabia and France are the top importers of the sector’s products.

 

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