Mubasher TV
Contact Us Advertising   العربية

Egypt, Germany trade volume hits EUR 4.4bn in 9M

Egypt, Germany trade volume hits EUR 4.4bn in 9M
German investments in Egypt reached $629 million through 1048 projects

Cairo - Mubasher: Bilateral trade between Egypt and Germany amounted to EUR 4.4 billion during the first nine months of 2017, trade and industry minister Tarek Kabil said in a statement on Wednesday.

German investments in Egypt reached $629 million through 1048 projects distributed in a slew of sectors including industry, tourism, construction, agriculture, telecommunications and information technology.

Trade volume between the two countries exceeded EUR 5.5 billion in 2016, Kabil added during a meeting with Deputy Economy Minister Matthias Machnig on the sidelines of the 11th ministerial conference of the World Trade Organization (WTO) in Buenos Aires, Argentina’s capital.