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HLB Egypt-Makary Consulting meets with Egyptian Industry & Trade Minister to Discuss Furniture Sector Strategy

HLB Egypt-Makary Consulting meets with Egyptian Industry & Trade Minister to Discuss Furniture Sector Strategy

2018-10-08

On October 8, 2018, Dr. Samir Makary & Mr. Lamy Makary, presented the Furniture Sector Development & Export Strategy to HE Eng. Amr Nassar, the Egyptian Minister of Trade and Industry, in presence of the study's key stakeholders: The Industrial Modernization Centre (IMC) sponsor of the study, the Egyptian Furniture Export Council (EFEC), and the Egyptian Chamber of Furniture and Woodworking (CWWFI).

The study was implemented on the basis of a sequential methodology, over a period of 2 years, to propose an integrated strategy to promote furniture locally and internationally, including an action plan indicating responsible entities, implementation period & relevant KPIs.

In this respect, this strategy serves as a roadmap for the development of the sector, which is considered the third largest industrial sector in terms of value added. It comprises 8 main objectives including increasing exports to USD 800 million, facilitating procedures so at least 30% of informal small enterprises would join the formal sector, increasing SMEs’ contribution to production to more than 75%, enhancing sector’s value added to reach 60%, and increasing job creation to 1,120,000 jobs. In addition, the strategy targets new export markets in Africa, Asia, and North America.


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