Published 04 Apr,2021 via Daily News Egypt - Egypt’s Minister of Trade and Industry Nevine Gamea has revealed that the country’s food industries sector provides 24.5% to GDP, making it one of the most important productive sectors in the national economy.
It provides the needs of the local market as well as ensuring exports to regional and global markets. The sector’s investments amount to about EGP 500bn, and, in addition to its GDP contributions, provides 23.2% of employment in Egypt.
Gamea added that the food industry is the second largest in Egypt in terms of value added, and the largest in terms of industrial employment. It achieved an average growth rate of 20% during the five-year period from 2015 to 2020.
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Daily News Egypt