Holding company to be established to promote Egyptian products in Africa

Daily News Egypt
2 Min Read
Minister of Trade and Industry Tarek Qabil


An Egyptian trade mission for the building materials sector concluded its four-day visit to Beirut, amid a plan to move towards the African market by taking advantage of the Lebanese presence in various parts of the continent.

The visit was organised by the Ministry of Industry and Foreign Trade, represented by the Egyptian Commercial Services (ECS) in collaboration with the Building Materials Export Council, the Chamber of Building Materials Industries, the Chamber of Petroleum and Mining at the Federation of Egyptian Industries (FEI), and the Egyptian-Lebanese Businessmen Friendship Association.

Commercial counsellor of ECS in Beirut Mona Wahba said the visit falls within the ministry’s plan aims to promote and market Egyptian products in these markets.

Wahba said the visit has achieved many positive results, and an agreement was signed for the establishment of a Lebanese-Egyptian holding company based in Beirut for marketing Egyptian products in Africa. The products include the building materials, clothing, home furnishings and engineering industries, food industries, and medicine sectors.

The agreement was signed by the two parties, Talal Nasr El-Deen, member of the African Continental Council from Lebanese side and Maged Minshawi, the president of Egyptian- Lebanese Businessmen Friendship Association, and Ahmed Abdel Hamid, the head of Chamber of Building Materials Industries from Egyptian side.

“The involved parties agreed to organise a buyers mission during May that includes the most prominent Lebanese businessmen in Africa and the members of the African Continental Council in Lebanon, which will head to Egypt to visit industrial zones. Further, the first meeting of the board of directors of Egyptian-Lebanese Business Forum will be held, headed by Minister of Industry and Foreign Trade Tarek Qabil,” Wahba said.

Wahba said the Egyptian-Lebanese Business Forum was established as a registered NGO in Lebanon to promote the Egyptian industries in Africa, using a number of cooperation mechanisms with African countries, whether in the field of economy, education, culture, or medicine.

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