Business

Egypt hopes to double exports to 200LE billion by 2013

Trade and Industry Minister Rachid Mohamed Rachid on Wednesday said the government plans to double exports to LE200 billion by 2013.

Rashid also said his ministry is carrying out programs that aim to maintain existing export markets and create new ones.

He noted that the period from January to December 2010 witnessed a quantum leap in Egyptian exports, reaching a total of LE103 billion, compared to LE92 billion in 2009.

He also said that total exports are expected to reach LE110 billion by year-end. The government originally projected LE100 billion for 2010, representing a 20 percent increase over 2009.

Translated from the Arabic Edition.

 

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