Iraq agreements could be worth USD 1 bn for Egyptian building materials exporters

Egypt could be looking at an additional USD 1 bn in annual building materials exports to Iraq as the two nations draw closer following a raft of agreements signed last month, according to Kamal El Desouki, VP of the building materials chamber of the Federation of Egyptian Industries, Al Shorouk reports. The 15 agreements, which ramp up cooperation in everything from construction and transportation to infrastructure and trade, could raise the value of exports to USD 6 bn each year from USD 5 bn currently, El Desouki said.