Strengthening Saudi-Egypt ties reflected in increased exports

Saudi Arabia became the number one receiver of Egyptian exports during the first five months of 2014 with exports reaching EGP 6.384bn, the Saudi Embassy in Cairo announced Wednesday.

Italy was the second top recipient of Egyptian exports, while Turkey and the US placed third and fourth, respectively.

The report by the General Organizstion for Export and Import Control indicated that exports of small and medium enterprises to Saudi Arabia registered EGP 1.24bn. Exports increased in February to reach EGP 1.285bn, recorded EGP 1.280bn in March, EGP1.261bn in April and EGP 1.312bn in May.

Exports to Saudi Arabia were topped with construction material, engineering and electronic goods, food industries, agricultural crops, chemicals, fertilisers and furniture.