Egyptian Exports Set to Double to USD 100 Billion by 2025
After the launch of the ‘Industrial Partnership for Sustainable Economic Growth’ with Jordan and the UAE, the Egyptian government plans to double exports from Egypt over the next three years.
After the launch of the ‘Industrial Partnership for Sustainable Economic Growth’, a partnership between Egypt, Jordan and the UAE, Prime Minister Dr. Mostafa Madbouly announced that the Egyptian government plans to double exports from Egypt over the next three years. The government anticipates that exports will reach USD 100 billion by 2025.
The new alliance is expected to usher in a new age of economic growth potential in five important sectors: food and agriculture, fertilizers, pharmaceuticals, textiles, minerals, and petrochemicals. The three countries' combined industrial capabilities adds up to 26% of the industrial capability of the MENA region, thanks to their strengths and growth in manufacturing as well as their unique access to certain raw materials.
ADQ - the state holding firm of Abu Dhabi - has allocated USD 10 billion to invest in projects in Egypt and Jordan.