In This Issue

• Economic Updates from Egypt
• Focus Sector: Egyptian Furniture Industry
• Upcoming event: Cairo ICT "The Digital Challenge"
• iCapital Industrial Smart City
• Import from Egypt

• The Egyptian Minister of Communications and Information Technology, who is also Chairperson of the National Council for Artificial Intelligence (AI), has announced the launch of a specialized AI platform. The platform falls under the umbrella of the National Council for Artificial Intelligence, and will serve as Egypt’s official portal in the field of AI. It includes the national strategy for AI, and all events, news, and details of projects in this field in Egypt. The launch of the ai.gov.eg platform aims to consolidate Egypt’s position to become one of the pioneers in the field of AI regionally and globally.  
• Net International reserves in Egypt have reached USD 40,468 million as of end of May 2021, as per the Central Bank of Egypt.

Focus Sector: Egyptian Furniture Industry

The Egyptian furniture sector is one of the oldest and most promising sectors in Egypt. It continues to be a lucrative business opportunity and a solid investment due to the various advantages it enjoys:

• A highly skilled labor force, due to the historical and cultural significance of the craft, comprising 13% of the total work force of the manufacturing sector in Egypt at internationally competitive wages.
• Immense comparative advantage due to its strategic location.
• Backed by a solid foundation of industries within its supply chain, creating one of the largest and most cohesive value chains in the Egyptian industry, including the production and manufacturing of chemical products and metal parts, wood, glue, foam, painting, fittings, machinery and the general development of craftsmanship across various sectors.

Egypt’s exports of furniture amounted to about USD 104 million during the first five months of 2021, which is an increase of 29% compared to the same period last year, with Saudi Arabia representing the top export destination, followed by UAE and Iraq, Oman, Sudan, Jordan and the USA.

The Egyptian furniture sector specializes in the following styles:

• Classic furniture: This style of furniture features luxurious pieces in sophisticated designs. It requires highly skilled workers with an eye for details. 
• Modern furniture: This particular style of furniture is largely known for its simplicity. It is usually easy to dismantle and reassemble, making it easy to transport and ship.
• Ethnic furniture: This style of furniture is inspired by the heritage and culture of the corresponding community. It includes but is not limited to Arabesque, Nubian and Ottoman-inspired furniture.
• Contemporary furniture: This style of furniture achieves a perfect balance between simplicity and elegance. It combines the luxury of the classic style with the functionality of the modern style.   

For more information please check the website of the
Egyptian Furniture Export Council: http://www.efecfurniture.com/

Upcoming event: Cairo ICT (November 15-18, 2021)

The 25th Technology Fair and Forum – Cairo ICT with the slogan “The Digital Challenge” is going to be organized in Cairo, Egypt during 15-18 November 2021 at the Egypt International Exhibition Center in New Cairo. Cairo ICT 2021 will continue to amaze as a leading Tech event with 10 new domains converged into the tech world; making the 21st round duly dubbed as the Tech Event of the year; namely: Health-tech, Agri-tech, Ed-tech, Space-tech, Retail-tech, Ad-Tech, Entertain-Tech, Sport-tech, Prop-tech & Contruct-tech, Museum-tech.

For more information about exhibitors and participation please check

https://cairoict.com/

iCapital Industrial Smart City

iCapital is a future leading industrial destination, where a new revolutionary concept in industrial infrastructure planning is designed for optimum and efficient utilization through its accommodating facilities.
It is located near 10th Ramadan city, on the Cairo- Ismailia desert road, which is one of the largest industrial hubs in the region. It offers land plots starting from 3500 sqm with full range of customized utilities and facilities, and will start offering standard readymade factories and land parcels from 824sqm for SME’s starting last quarter of 2021. It also offers a one stop shop for all services from legal establishment to approvals, permits, etc.

For more information please check the following website: www.icapital-eg.com





 

Import from Egypt

Ceramic Tiles:

Ceramica Cleopatra Group: Is one of the leading companies in Ceramic & Porcelain tiles and sanitaryware production in Egypt. For more information please visit www.cleopatraceramics.com
maged.export@cleopatra-ceramics.com
Tel: +201094446300

Packaging Material:

Clipsico Pack is manufacturing PE stretch film and PET. For more information please visit
www.clipsicopack.com 
yosra@clipsicopack.com
Tel: +201004462221

Detergents & Cosmetic Chemicals:

Chemi Egypt is a manufacturer of chemical detergents and raw materials. For more information please visit website:
https://chemiegypt.com/
info@chemiegypt.com
Tel: +201005000079

Sweet Potato Fries:

International Food & Consumable Goods Co. is producing and exporting Sweet Potato Fries and Specialty Potatoes. For more information please visit the website:
www.ifcgegypt.com
yfando@ifcgegypt.com
tel: +2038642013/4/5/6
mob: +201000001085

Printing & Publishing:

Sahara Printing Company is producing educational books and folding box boards. For more information please visit website:
www.saharaprinting.com
dalia.sobhy@saharaprinting.com
Tel: +202 22744056
Fax: +202 22741907

Paints:

Pianto for Painting Manufacturing: manufactures all kinds of acrylic water-based paints. For more information please visit website:
www.pianto-paints.com 
export@pianto-paints.com
Tel: +201550058719

The above companies expressed interest in doing business with German partners. However, the Economic and Commercial Office is not liable for them.

For specific import inquiries from Egypt kindly complete the
Import Inquiry Form