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Nassar heads to Sudan for 2nd Egypt-Sudan business council meeting
24 October 2018  -  Organization :  -  Sector/Entity :  -  Category : General

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The meeting discussed setting up more joint industrial projects in both countries as well as in third states across Africa.

Khartoum- Oct 24, 2018
Minister of Trade and Industry Amr Nassar headed to Sudan to take part in the 2nd Egyptian-Sudanese Business Council meeting, which kicked off today with the participation of his counterpart Musa Karama and members of the joint council.

Among a wide range of issues, the meeting discussed setting up more industrial projects in both countries, as well as embarking on joint ventures in third ones across Africa in the fields of transport, logistics, infrastructure, electricity and manufacturing such as: leather, food and engineering industries. 

Nassar stressed the importance of enhancing the role of the private sectors in Egypt and Sudan to stimulate trade flows between the two countries, which stood at $554 million in 2017.

Data shows that Egypt-Sudan trade has grown lately, hitting $364 million during the first eight months of 2018. Construction materials, chemicals, fertilizers, pharmaceuticals, food, electronic and engineering industries are the main Egyptian exports to the Sudanese market; whereas imports from Sudan include: meat and agricultural products.

Sudanese investments in Egypt are worth around $81 million in 271 projects operating in: industry, finance, services, agriculture, construction and tourism; while Egyptian ventures in Sudan amounted to $799 million between 2000 and 2013.

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