business

The localization of the soda industry will save the Egyptian economy one billion pounds annually


The activities of the first industry conference, which was inaugurated by President Abdel-Fattah El-Sisi, President of the Republic, two days ago, provoked wide reactions among businessmen, especially the talk with industrialists about the state’s endeavor to localize a group of priority industries for the Egyptian economy to contribute to raising the added value of Egyptian industries, and easing The burden on the Egyptian dollar reserve in the coming period.

The numbers of Egyptian imports in the past years largely explained the reasons for the state’s keenness to settle certain sectors in the near future through the Start initiative announced by President Abdel Fattah El-Sisi recently, especially the petrochemical sector, and sodium bicarbonate “Soda Ash”, where data revealed “The Seventh Day” on a copy of it, that the volume of Egyptian imports of this substance reached about one billion and 485 million pounds by the end of 2021, -15 pounds the average price of the dollar – compared to one billion and 486 million pounds “93 million and 649 thousand dollars” by the end of 2020, with a total of about two billion And 971 million pounds in just two years.

Statistics Authority data indicate that both Bulgaria and Turkey shared the top spot in the list of countries from which Egypt imports “disodium carbonate”, as imports from Turkey amounted to about 885 million and 363 thousand pounds last year 2021, followed by Bulgaria with imports worth 579 million and 759 thousand pounds. Then the Republic of Russia with imports worth 13 million and 890 thousand pounds, next to China with imports worth 4 million and 729 thousand pounds, and the Republic of Bosnia and Herzegovina with about 1.55 million pounds.

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