CONSTRUCTION PORTFOLIO OF EVENTS
17 - 19 June 2025
Egypt International Exhibition Center (EIEC)
17 - 19 June 2025
Egypt International Exhibition Center (EIEC)
Engineering exports grow by 25% in the first nine months of 2024
24 Nov. 2024Engineering exports recorded $3.9 billion during the first nine months of the current year, compared to $3.1 billion during the same period last year, achieving a growth rate of 25.6%.
According to the monthly report issued by the Engineering Export Council, exports in September reached $446.2 million, compared to $387.7 million in September 2023, marking an increase of 15%.
Cables led the sector's exports, achieving a growth of 33.6% during the first nine months of the year, followed by electrical and electronic industries, which grew by 9.3%.
Sharif El-Sayed, Chairman of the Engineering Export Council, stated that the council aims to achieve exports worth $5.25 billion by the end of this year, with expectations of increasing this figure to $6 billion by 2025.
He added that the council’s plan targets an annual growth rate of no less than 20%, aiming to boost the sector's contribution to achieving the state’s export goals by 2030.
Source: Alborsaa News
