Egypts exports of food industries hit $2.35bln in H1

PHOTO

Egypt’s exports of food industries valued at $2.35 billion during the first half (H1) of 2021, up by 14% from $1.78 million during the same period of 2020, Minister of Industry and Trade Nevine Gamea announced in a statement.

Total investments in the Egyptian food industries sector amount to around EGP 500 billion, accounting for 24.5% of gross domestic product (GDP), Gamea highlighted.

These comments have been made on the sidelines of the 9^th edition of the Africa Food Manufacturing Exhibition, which takes place in Egypt from August 2^nd to 4^th.

Moreover, Gamea pointed out that the exhibition is a great opportunity for achieving the ministry’s goals in bolstering food industries and packaging.

The exhibition would also contribute to increasing the Egyptian exports volume of food industries to global markets, particularly the African countries, the minister added.

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.