Economics

Trade mission including 40-50 Saudi companies to visit Egypt in Oct.

CAIRO – 22 September 2019: A trade mission of 40-50 Saudi companies will visit Egypt in October to increase Egyptian exports to foreign markets and overcome obstacles to participation in foreign exhibitions, member of the Board of Directors of the Furniture Export Council, Abdou Shoulah, said.
Sholah added to Egypt Today that eight Iraqi companies came to Egypt during the last period to discuss opportunities to import furniture from Egypt, in light of the decline in demand in the external market, due to the absence of producers from important international exhibitions.
He explained that participation in foreign exhibitions was suspended nearly two years ago due to the high cost, which explains the decline in this sector’s exports during the first seven months of 2019.
Furniture exports recorded $158 million during the first seven months of the year, compared to $204 million during the same months of the prior year, with a decrease of 23 percent.



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