Minister of Trade and Industry Nevine Gamea on Sunday announced that the food industry is one of Egypt’s most productive sectors, as it provides domestic needs while exporting to regional and global markets. The food industry is the second largest industry in Egypt and leads in industrial employment, she explained as it achieved an average growth rate of 20 percent from 2015 to 2020. The value of exports of food industries and agricultural crops during 2020 amounted to about $5.7 billion, accounting for 22 percent of total Egyptian exports. She said that the ministry’s plan to reach $100 billion in annual exports depends mainly on achieving a breakthrough in the rates of export of food industries and agricultural crops. Gamea assured that the ministry spares no effort in dealing with the challenges facing the food industries, and is coordinating with other ministries and relevant authorities in the country.

Source: Egypt Independent April 04, 2021 15:11 UTC