Engineering exports have increased by 25.6 percent in the period between January and September 2024, recording 3.9 billion dollars, compared with 3.1 billion dollars during the same period in 2023, a report by the Engineering Export Council of Egypt (EECE) said Tuesday.
The report put the total value of engineering exports during September 2024 alone at 446.2 million dollars up from 387.7 million dollars during the same month last year.
EECE board chairman Sherif al-Sayyad said the Council eyes 5.25 billon dollars worth of engineering exports by the end of this year and about six billion dollars during 2025.
He added that the EECE seeks to achieve an annual growth of not less than 20 percent. The future plan is for engineering exports to hit a record of 145 billion dollars, Sayyad said, noting that this would be the biggest contribution by the sector.
Among the European countries whose engineering imports from Egypt increased are the UK, Turkey, France, Germany, Georgia, Italy, the Czech Republic, Ireland and Slovenia, the EECE chairman said. Egyptian engineering exports to Saudi Arabia, the UAE, Iraq, Lebanon, Azerbaijan and Qatar in Asia, and Libya, Algeria, Morocco, Tunisia, Kenya, Ghana and Nigeria in Africa also upped during the first nine months of 2024, he added.
