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FINANCIAL NEWS
Food exports in Egypt to grow by 15pct in 2017
05 Mar 2017
(MENAFN) Food industry in Egypt is projected to experience notable increase amid this year, both in terms of local sales and exports, as a result of the fall of the national currency.
Accordingly, the sector’s exports will jump to 15 percent by the end of the recent year if all restrictions limiting exports are removed.
Furthermore, the food industry exports posted increase of 1 percent in dollars and 24 percent in pounds amid the period between Jan and Nov 2016.
In addition, the fiscal and monetary policies of the Egyptian government were not stimulating exports before, which hindered the sector.
MENAFN0503201700450000ID1095285707
MENAFN0503201700450000ID1095285707
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