10-08-2022

1146 Total Qualified Companies

Total QIZ companies reached 1146 companies after the QIZ Joint Committee approved additional 6 companies. 

 

 

22-03-2022

QIZ Webinar with USFIA and USTR

On March 22nd, 2022, QIZ Egypt organized a webinar with the U.S. Fashion Industry Association (USFIA) to promote Egypt as a mecca and sourcing destination for supplying the needs of major American ready-made garments buyers.

Ms. Julia Hughes the head of USFIA launched the webinar and Mrs. Marie Louis Bishara the President of the Ready – Made Garments Export Council, Mr. Ehab Mohi Eldin the Chairman of Alex Apparel the largest RMGs exporter to the U.S. and 50 of the largest RMGs American companies attended.

Dr. Ashraf El Rabiey, Head of the QIZ Egypt Unit, pointed out during the webinar that the past year witnessed many achievements by Egypt achieving about 50% growth rate, which was considered the highest growth rate among the top 20 exporting countries of textiles and ready - made garments to the U.S.

The past year also witnessed the visits of many investors from several Asian countries which are traditionally known for their textiles production including Sri Lanka which recently set up a factory in Egypt, as well as investors from Bangladesh and China who are currently studying shifting their investments to Egypt.

Dr. El Rabiey stressed on the importance of the American side considering carrying out their sourcing activities with Egypt based on the current global circumstances and the tendency of many American companies to search for alternative sources to supply their needs. This comes in addition to the rise of labor wages and shipping costs in many Asian countries and the tendency for further increases in these costs during the coming period, pointing that we are fully prepared to assist the American buyers.

Mrs. Marie Louis Bishara delivered a presentation entitled “Egypt: Your Duty Free Sourcing Destination”, in which she explained the latest developments in the ready – made garments and textiles industry in Egypt and the vertical integration in the industry. She invited the attendees of the webinar to attend the Egyptian Fashion Week which will be held in Egypt during the period 19th -22nd of May, 2022.

Following the webinar, QIZ Egypt Unit received a letter from Ms. Julia Huges the president of USFIA commending the joint efforts of QIZ Egypt in organizing the webinar and expressed her willingness to publish the data of the Egyptian Fashion Week among the American companies and she was furnished by the right data.

24-02-2022

QIZ Webinar with the China National Association for Glass Industry

QIZ Egypt in collaboration with the Egyptian Economic and Commercial Service Bureau in Beijing organized a webinar on February 24th, 2022 with China National Association for Glass Industry and 10 of the top Chinese glass products manufacturers.

The webinar aimed at discussing the means of attracting Chinese glass production investments to Egypt, increasing QIZ exports of glass products to the U.S. market and the possibilities of settling this industry in the Sinai.

Mr. Hazem Beshr participated in the webinar on behalf of the glass industries sector in the Chemicals & Fertilizers Export Council and Mr. Mohamed Abu Harga the Advisor to the Chamber of Chemical Industries for Technical Affairs represented the Federation of Egyptian Industries.

Dr. Ashraf El Rabiey the Head of the QIZ Egypt Unit delivered a presentation on the QIZ protocol and the major points of strength, incentives and benefits of investing in the Egyptian market. He pointed out the current investment opportunities in the Egyptian glass manufacturing sector. He also referred to the export opportunities of glass products to the American market through the protocol benefiting from the high tariff on these products in the U.S. reaching up to 28%, citing the recent success stories of foreign glass production investors in QIZ.

Moreover, Dr. El Rabiey confirmed that the Egyptian sands are of an unbeatable and extremely high quality. Sinai sands in particular are well known for their low iron content and their appropriate size of granules. This is suitable for the industry without the need for further chemical treatments for iron separation compared to other types of sand. He mentioned that the Egyptian sands are exported to many countries as raw materials for the glass manufacturing industry.

The Head of the Economic and Commercial Bureau in Beijing Mr. Ahmed Zaki delivered a speech pointing at the distinguished historical ties linking both countries at all levels. He referred to the recent mutual official visits exchanged between the leaders of both countries. He emphasized that China is the most important trading partner to Egypt with a volume of trade which reached recently about $20 billion and with a value of Egyptian exports which reached about $1.8 billion.

In her speech, Mrs. Zheng Wuhong the President of the China National Association for Glass Industry praised pointed at the distinguished relations between Egypt and China and the remarkable results of the official visits exchanged between the leaders of the two countries.

She referred to the long and ancient history which both Egypt and China enjoy in in the field of the glass production industry, expressing her aspirations that the upcoming period would witness win-win cooperation between both countries making this industry grow and contribute significantly to the economic prosperity of both countries.

At the end of the webinar, it was agreed to coordinate with the ECS Bureau in Beijing to arrange delegations of the Chinese glass products manufacturers to visit Egypt as soon as the travel restrictions to and from China are lifted. QIZ Egypt welcomed and expressed its readiness to receive any inquiries from the Chinese association and its member companies concerning investing in Egypt. The association agreed on publishing the data of the upcoming QIZ webinars and any data needed by the Chinese glass manufacturers on the website of the association.

22-02-2022

QIZ Workshop in collaboration with MSMEDA and USAID

QIZ Egypt in collaboration with the Micro Small and Medium Enterprises Development Agency and USAID Trade Reform and Development in Egypt (TRADE) organized a workshop on February 23rd, 2022 in the context of the initiative of QIZ Egypt to support 80 Small Sized companies which recorded a volume of exports less than 1 Million USD in 2021.

The ratio of exports of these companies constituted 2.4% of the total volume of QIZ exports in 2021 which recorded about 1.2 Billion USD.

The workshop aimed at studying the actual needs of these companies to increase their exports to the U.S. market, and whether they need financial, technical or logistical support.

Dr. Ashraf El Rabeiy the Head of QIZ Egypt confirmed that SMEs are considered from the main pillars supporting any economy. He referred to the pivotal role played by MSMEDA in supporting MSMEs and its synchronization with the Trade Reform and Development in Egypt project. This project was launched by the USAID last year for a period of 5 years with a budget of 36 million USD to support 300 SMEs fostering their export capacities.

The Deputy CEO of MSMEDA Eng. Tarek Shash confirmed the keenness of the agency to support the efforts of the Egyptian State in achieving the national target of increasing the Egyptian exports to foreign markets abroad to 100 million USD. He confirmed the long experience which MSMEDA enjoys in supporting MSMEs by coordination with the state bodies in concern.

Mr. Rachid Benjalloun the USAID Trade Reform and Development in Egypt project manager confirmed that the project which started on April 2021 could contribute to achieving remarkable increases in SMEs exports to the U.S. market. He pointed out that the scope of the project focuses on 6 main sectors: Ready – Made garments, home textiles, food industries, engineering products, chemicals and building materials.

QIZ Egypt is currently preparing for holding the second workshop for supporting QIZ companies in Alexandria during the upcoming period.

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