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Gamea participates in 6th Builders of Egypt forum
15 September 2021  -  Sector :  -  Entity :  -  Category : Industry News

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Building materials exports make up 24.5% of total Egyptian exports, ranking first on its export list.

Cairo- 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 cooperation.

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 July.

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