The Chemical and Fertilizers Export Council said that there are approximately 437 investment opportunities in the petrochemical industry sector, according to Egypt’s investment map.
The council added that registered chemical factories reached 17,193, with a total investment of EGP 35bn.
Chairperson of Chemical and Fertilizers Export Council Khaled Abu Al-Makarem stated that there are great opportunities for the growth of exports of industries related to chemical industries sector. These products vary between intermediate and feeding industries as well as production raw materials for all productive, agricultural and industrial sectors, in addition to finished products that are sold directly to final consumer.
Abu Al-Makarem pointed out that the sector’s exports ranked first, with a growth of 23% during 2022, with a value of $8,629bn, representing 24% of total Egyptian non-oil exports. Additionally, production capacity of the sector as a whole in its various industries exceeded about 22.5%, with a value of about $52bn in 2022.
Abu Al-Makarem revealed the results of the positive session, in which the success rate reached 80%, which is considered a success for the Ezdehar programme in its second edition, which was held in cooperation with the German Agency for International Cooperation (GIZ). The programme was implemented by Khwarizm Consulting Company, with a total number of 34 companies in chemical industries sector, of which 18 companies operating in the sectors of fertilizers, detergents, fresheners and disinfectants, pesticides, plastic products, construction chemicals, lining and insulation.