The EU supports utilising innovation—a major driver of competitiveness—to enable Egyptian industrial companies to position themselves better, and reach export markets through funding the Engineering Export Council of Egypt (EEC). The EEC has taken an initiative to qualify Egyptian engineering companies to export to the European market, through its project ‘Enabling Egyptian Exports by Technology-Transfer Driven Product Innovation’ (EEPI). The EU has allocated a grant of €950,000 for this project, to be implemented over a period of 18 months. The EU-funded EEPI project will help Egyptian companies through their export journey to Europe, by fostering their capacity to innovate in their products, in order to meet the European markets’ requirements. To achieve this aim, the project will assess the European market’s needs, and identify concrete export opportunities for Egyptian products.

Source: Daily News Egypt December 09, 2018 19:30 UTC