Egyptian exports to Singapore soar 208% YoY in 2021

Reuters Images/Amr Abdallah Dalsh

Singaporean exports to Egypt rose to $255 million in 2020 from $128 million in 1995

Staff Writer, Arab Finance

November 30, 2022

PHOTO

Egyptian exports to Singapore surged 208% year-on-year (YoY) to $500 million in 2021, Minister of Finance Mohamed Maait stated on the sidelines of the Egypt-Singapore Business Forum, according to an official statement on November 29th.

Singaporean exports to Egypt rose to $255 million in 2020 from $128 million in 1995, Maait added.

The minister revealed that Singapore’s investments in Egypt reached around $500 million in many fields including manufacturing and logistics services.

Moreover, Singapore’s Ambassador to Egypt, Dominic Goh, said that his country looked forward to injecting more investments into Egypt, given the success of Singaporean companies in Egypt in the creation of jobs.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.