In a strategic move aimed at bolstering trade ties and facilitating business interactions, the Chemical and Fertilizers Export Council (CEC) of Egypt has entered into a collaborative agreement with the prominent Saudi Tabseer platform. This partnership is designed to empower CEC’s members in their efforts to penetrate the Saudi market, streamlining their engagements with Saudi counterparts and catalyzing export growth.
This landmark agreement is poised to be a game-changer, providing Egyptian companies with enhanced access to a burgeoning market. It leverages the capabilities of the Tabseer platform, offering a seamless mechanism for conducting product tests and securing accreditation certificates. Mohamed Mageed, the Executive Director of the Council, emphasized that this venture marks a significant stride towards simplifying the export process for Egyptian businesses, making it more efficient and hassle-free.
In the realm of chemical exports, Egypt has made remarkable strides. The sector’s exports to Saudi Arabia, one of its primary trade partners, reached a substantial figure of nearly $240 million in 2022, underscoring the pivotal role that the Saudi market plays in Egypt’s export landscape.
Emad Eissa, Chairman of Tabseer, expounded on the significance of the cooperative protocol. He affirmed that this collaboration is poised to revolutionize the process of exporting Egyptian chemical products to Saudi Arabia, a nation that stands as Egypt’s second-largest destination for exports. Eissa further pointed out that the robust Egyptian community in Saudi Arabia, comprising approximately 2.5 million citizens, represents a valuable asset in marketing Egyptian products within the Kingdom.
Highlighting the substantial growth in the chemical and fertilizers sector, Eissa revealed that exports to Saudi Arabia exhibited an impressive 18% upswing in 2022 compared to the previous year. This translated to exports totaling around $240 million, covering a broad spectrum of products. Notable growth was observed in various segments, including inks and paints (26% growth), fertilizers (163% growth), dry cells and batteries (20% growth), chemicals (110% growth), glass and glassware (47% growth), pharmaceuticals (37% growth), and adhesives (59% growth).
This strategic collaboration not only holds immense promise for bolstering Egypt’s export footprint in Saudi Arabia but also signifies a commitment to fostering mutually beneficial trade relations in the ever-evolving landscape of international commerce. As the Egyptian and Saudi markets continue to strengthen their ties, the future appears promising, marked by seamless trade and increased market accessibility for Egyptian chemical products
