Damietta Furniture City to raise Egypt’s exports by more than $200m: Minister

The set-to-be-established Damietta Furniture City is expected to participate in boosting exports of furniture sector with more than US$200million, Egyptian Trade and Industry Minister stated Monday.

Minister Tarek Qabil added that the total exports of state’s furniture sector is estimated at around US$200 million.

He made these remarks during the ceremony of inking a cooperation protocol between Egypt’s second largest state-run bank Banque Misr (BM) and Damietta Furniture City Company on financing small craftsmen.

The minister added that Damietta governorate participates with 65 percent of Egypt’s total furniture exports.

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