Egypt has a great potential for developing a strong healthy chemical industry. As a matter of fact the chemical sector is the most promising sector for FDI in Egypt for the coming 10 years.
The chemical exports have grown substantially over last 3 years as follows:
2011 US$ 4.5 bn
2012 US$ 3.7 bn (due to decrease of LE exchange rate)
2013 US$ 3.9 bn
2014 US$ 3.9 bn
Egypt’s Main Strength in the Chemical Sector:
- Abundant basic raw materials (Phosphates, Kaolin, Gypsum, white sand, Ilmenite …etc)
- Relatively long experience in this field, major industries were established back in the late 1940’s and early 1950’s.
- Highly qualified manpower.
- Unique geographical location.