Building materials exports make up 24.5% of total Egyptian
exports, ranking first on its export list.
Sep 15, 2021
Minister of Trade and Industry Nevine Gamea has taken part in
one of the sessions of the 6th Builders of Egypt forum, held under
the title “The Role of Finance in Enhancing Egyptian-Arab-African Trade
Cooperation,” with the participation of ministers of transport and international
More than 300 executives of big construction and real estate companies,
financial and banking institutions, energy and infrastructure developers, from
25 African and Arab countries, are participating in the forum.
“The industrial sector plays a major role in implementing the
government’s major national projects, being one of the main pillars of the economy
which covers local market needs of manufactured products, creates millions of
jobs and increase exports,” Gamea said.
She pointed out that the political leadership attaches great
importance to the development of the manufacturing sector, and has launched a
lot of initiatives for this end, including a presidential initiative to
establish more specialized complexes in all sectors across the country and another
dubbed “Decent Life” to set up 317 new industrial parks in villages.
Building materials, she added, is one of the key industrial
sectors, making up some 24.5% of total Egyptian exports and ranking first on
its export list. In 2020, they grew 21.5% to 6.242 billion.
Responding to a question about the ministry's vision for the
development of the cement industry, the minister explained that the it has been
studying all the challenges facing the sector, including opening new export markets.
In this context, she said that contracts have been concluded
to export cement to Senegal, following her visit to the capital Dakar last