Engineering Industries Export Council looking to boost exports by 25% this year

Members of the Export Council for Engineering Industries hope to boost the industry group’s aggregate exports by 25% this year to reach USD 3 bn, as last year’s foreign currency shortage that had restricted production has now eased and will allow manufacturers to import the raw materials they need, council member Mohamed El Aidy told Amwal Al Ghad. According to El Aidy, the council also plans on pulling 100 small and medium-sized factories into the council.