Gov’t expects Egypt’s exports to grow 20% y-o-y in 2019, Nassar says

The government is expecting Egypt’s exports to be growing at a clip of 20% y-o-y by the end of this year, Trade and Industry Minister Amr Nassar said yesterday, according to a Cabinet statement. Nassar said the increase should be achievable in light of the government’s export subsidy program and structural reforms, which have supported the industrial sector. The ministry had previously said it wants to see industry growing at an 8% annual clip by 2020 — and wants to see manufacturers account for 21% of GDP, up from 18% today.