Egypt, Ethiopia study possibility for establishing industrial zone: Abdel Nour

A potential Egyptian-Ethiopian industrial zone is being studied, Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour said on Sunday. The minster added that the Ethiopian government is welcoming the development.

According to state-run news agency MENA, the minister’s statements came during a press conference held with Egyptian reporters in Ethiopia.

The minister pointed out that the targeted trade volume between both countries is over $5bn, which not a large figure is considering the capabilities of both countries. He added that Ethiopia exports meat and coffee to Egypt, while Egypt has a competitive advantage in the fields of chemical, fertilisers, automotive, and engineering industries.