Egypt’s engineering exports surged by 25.6% to $3.9bn in the first nine months of 2024, compared to $3.1bn during the same period in 2023. The monthly report from the Engineering Export Council of Egypt revealed a 15% increase in exports for September 2024 compared to the same month in 2023, amounting to $446.2m compared to $387.7m. Sherif El-Sayyad, the Chairperson of the Engineering Export Council of Egypt, announced that the council aims to achieve export levels of $5.25bn by the end of 2024 and is targeting $6bn in 2025. He noted that the council’s plan seeks an annual growth rate of no less than 20%, significantly contributing to the state’s goal of reaching $145bn in total exports. The main destinations for increased engineering exports during the same period include: Europe, with notable growth in the United Kingdom, Turkey, France, Germany, Georgia, Italy, the Czech Republic, Spain, Ireland, and Slovenia.

Source: Daily News Egypt November 20, 2024 03:50 UTC