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Nassar opens inaugural HATS expo in Cairo
23 September 2019  -  Sector :  -  Entity :  -  Category : General

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The three-day show features B2B meetings between top Egyptian manufacturers of engineering products and some 60 VIP international buyers from 19 Arab and African countries.

Cairo- Sept 23, 2019

Minister of Trade and Industry Amr Nassar inaugurated the first Home Appliances and Tableware show (HATS Egypt), organized in Cairo by the Engineering Export Council of Egypt (EEC) during September 23-25.

With the participation of 30 Egyptian companies, the expo aims to open new markets for Egyptian products in Africa and the Arab world.

The three-day show features B2B meetings between top Egyptian manufacturers of engineering products and some 60 VIP international buyers from 7 Arab and 12 African countries.

“Engineering industries is one of the most important sectors of the national economy. Egypt boasts major industrial potential in this field that qualifies it to compete on regional and international markets,” Nassar said.

He pointed that Egypt is looking to expand in Africa’s engineering arena with the huge opportunities the continent offers, thanks to the Trade and Industry Ministry’s plan to further access the African market through joint industrial ventures.

“Organizing the show for the first time in Egypt comes within the Council’s strategy to open new markets for Egypt’s engineering products and set up real partnerships with the private sector in Africa and the Arab World,” noted Amr Abu Freikha, head of the EEC.

The sector’s exports, he added, grew significantly to $2.287 billion in 2018 and $1.545 billion during the first eight months of the year, making up 9% of the country’s total exports.

Freikha further said that Egypt’s household appliance exports hit nearly $1 billion last year, to over 120 countries including: UK, the UAE, Saudi Arabia, Morocco, Hungary, France, Iraq, Turkey, Germany.

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