Egypt’s Engineering Export Council eyes $3bn exports in 2016

Egyptian Engineering Export Council aims at boosting sector’s exports by 20 percent in 2016  to reach US$2.6 billion compared to the volume achieved in 2015, member Ayman El Nagouly said Tuesday.

Speaking to Amwal Al Ghad, El Nagouly stated that the council’s work strategy is based on three axes: the first axe is to train 600 persons on skills of exporting, marketing, logistics services, and international banking transactions in cooperation with Foreign Trade Training Centre at Egyptian industry ministry.

The second axe includes executing a number of qualification programmes to qualify factors of engineering sector-notably the small and medium-sized ones- to enter the exporting system. Meanwhile, the third axe relies on amending parts of sector’s strategy to double exports to US$5 billion within three years.

The official added that the council is organising a number of commercial missions to Kenya and Kazakhstan to boost exports to the two states.

El Nagouly noted that Engineering Export Council is currently preparing cooperation protocol with El Nasr Export & Import Company to promote council’s exports through firm’s offices.