45 companies participate in the Egyptian trade mission to Saudi Arabia

Today, kicked off the first activity of the Egyptian trade mission to Saudi Arabia, organized by the Export Council for Food Industries.

The trade mission aims to enable Egyptian food products companies to export high quality products to the Saudi market along with increasing trade cooperation between Egypt and Saudi Arabia.

Participation of 45 Egyptian companies

The choice of Saudi Arabia came out of the importance of the Saudi market for all Egyptian food products companies, as the Export Council for Food Industries conducted a study for the advanced companies to determine their competitive capabilities, and then selected 45 Egyptian companies based on specific criteria targeting countries whose markets are of great importance to Egypt, most notably the Kingdom of Saudi Arabia.

The Trade and Development Project contributed to facilitating the invitation of many Saudi companies to meet with their Egyptian counterparts within the framework of the mission's activities. Egypt is interested in the Saudi market, which accounts for about 7.5% of the total food exports, which amounted to $4.1 billion during the past year.

Arab countries are heading to Egypt

The Egyptian commercial representation in the Kingdom of Saudi Arabia also contributed to coordinating the mission in cooperation with the Saudi side and inviting importers. The trade mission initiated bilateral meetings in Riyadh with the aim of enhancing bilateral trade cooperation between Egypt and Saudi Arabia.

The Export Council is keen to support neighboring countries that have turned to Egypt as an alternative to global markets concerned with the manufacture and export of food products, given the repercussions of the global crises due to the Corona virus and the war in Europe, which led to a slowdown in export operations and an increase in shipping costs.

Food sector exports

At the end of 2021, the Egyptian food sector's exports reached about $4.1 billion, representing 14% of Egypt's total non-oil exports.

The food sector exports occupies the third place in the list of the most important Egyptian export sectors, achieving a growth rate of 19% compared to exports in 2020, and the Arab countries represent 54% of the total exports, followed by the European Union countries with a rate of 16%, followed by non-Arab African countries with a rate of 10%, the United States The United States of America by 5%, and the rest of the international communities by 15%.

Commercial and promotional missions

The commercial and promotional missions organized by the Export Council for Food Industries are of great importance, as they aim to develop Egyptian exports of food industries through increasing promotional activities and supporting the Egyptian presence in a number of international markets, including the Saudi and Arab markets.

It is noteworthy that the event was held in cooperation with the Egyptian Embassy in Riyadh, the Egyptian Commercial Representation Office in Jeddah, the Egyptian National Food Safety Authority, the General Federation of Saudi Chambers of Commerce, the Chambers of Commerce in Riyadh, Jeddah and Makkah Al-Mukarramah, and the Trade and Export Development Project in Egypt, funded by USAID. International, with the participation of 43 Egyptian companies working in the field of manufacturing and exporting food products, during the period from 19 to 22 December.