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An important renaissance of the chemical industry in Egypt over the past few decades has increased dramatically in recent years, with significant production rates and yields relative to other sectors.
The growth of the chemical industries sector has resulted in increases in the volume of investments and factories, in the total number of jobs and the volume of production, and finally in the volume of exports and their incomes . In a recent report from the Chemical Industries and Fertilizers Council, the council said the sector's exports grew by 26 percent, from $ 2 billion and $ 58 million in the first half of last year to 2 billion and 592 million in the first half of 2018.
Total exports of the chemical industry in 2017 recorded $ 4 billion and $ 461 million, a growth rate of 33% over 2016, which has recorded exports of $ 3 billion and $ 363 million. The growth rate at the end of 2018 of 21%, to reach sector exports $ 5.5 billion by the end of 2018.
In another context, members of the Board of Export of chemical industries and fertilizers, Amr Nassar, Minister of Trade and Industry, will meet this weekend to present the strategy of the Council to stimulate the sector and develop its exports. 20% per year, depending on operational mechanisms and targeting markets with export opportunities, by determining the level of the markets according to the demand rates of the Egyptian product and benefiting according to the theory of the opportunities of Export lost.
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