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The Russia-Ukraine war prevented the sector from reaching the 2022 target; nonetheless, it had a marginal 0.5% growth in international sales. The local government restricted exports of some items to secure local supply.
The country has boosted the efficiency of public companies to enter the first and second phases of its public offerings program this year.
The Egyptian company has Brazil among its main export targets for 2023, according to an interview businessman Khaled El-Haggan gave to ANBA.
The Egyptian government is entering a new phase of rationalizing expenses, postponing new projects budgeted in dollars, and spending solely on essential needs.
This week, a trade mission with 43 companies from Egypt took place in Saudi Arabia. The Saudi market accounts for 7.5% of Egypt's food exports.