27 January 2013

Egyptian Firms to Be Rehabilitated to Increase Exports to U.S.

Egyptian firms have been rehabilitated to double their exports to the United States' markets, said head of the Egyptian-US Business Council Hani Qisees.

Qisees pointed out that the rehabilitation plan has begun with one of a paper producing company in El-Sadat city to increase its exports from EGP300 million to EGP500 million.

He noted that the council is currently considering new mechanisms to push forward economic relations between the two countries.

He also underlined that most of the Egyptian plants are operating with 25 percent of their capacity, adding these plants are able to export to overseas markets.

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