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The Chamber of Building Materials expects to double the sector’s exports to the Libyan market


The Building Materials Chamber in the Federation of Industries expected to double the sector’s exports to the Libyan market during the coming period, with the launch of reconstruction projects and the entry of Egyptian companies into the Libyan market to contribute to this file, according to statements by Dr. Kamal El-Desouki, Vice President of the Building Materials Chamber.

 

The trade exchange between Egypt and Libya recorded a remarkable growth of 39% in 2019, recording 977.6 million dollars compared to 701.9 million dollars in 2018, while no data has been issued yet on trade exchange between the two countries during 2020.

 

Dr. Kamal El-Desouki told Al-Youm Al-Sabea that the building materials sector, especially cement, ceramics, insulating materials, sanitary ware, marble and iron, will have a large share in the reconstruction files, expecting a volume of business that may reach billions of pounds for Egyptian companies in the Libyan market.

 

El-Desouky explained that the Chamber of Building Materials Industries signed a cooperation protocol with the Libyan-Egyptian Joint Economic Chamber, with the aim of enhancing trade exchange and intra-trade opportunities and supporting investment opportunities in the two countries, which could be exploited in the coming period.

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