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UAE exports building materials worth AED 850 mln to Egypt

UAE exports building materials worth AED 850 mln to Egypt
The UAE has exported building materials worth more than AED 850 million (EGP 1.7 billion) to the Egyptian market till the end of June 2014.

Total UAE exports to Egypt from the building materials sector rose by around AED 50 million (EGP 100 million) in a single month, as value was seen at AED 800 million in May 2014.

According to a recent report by the Egyptian Ministry of Trade and Industry, the UAE ranked first in the building materials export sector to Egypt with AED 850 million (EGP 1.7 billion) worth of exports, followed by Saudi Arabia with only EGP 81 million.

It is worth noting that Egypt’s imports of building materials from Arab countries amounts to EGP 2.4 billion.

Furthermore, Egypt reported importing building materials worth EGP 2.2 billion from the UAE in 2013, against only EGP 672 million exports from Egypt to the UAE in the same sector during the same period.