$1 billion foreign investments attracted from Portugal, India

Egyptian trade representation offices abroad were able to attract foreign investments from Portugal to the tune of $ 545.5 million and $ 600-million investments from India in a number of joint ventures in Egypt in the fields of crock, phosphate fertilizers, graphite pipes, fish farms and aluminium products.

In a report prepared Thursday by the Economy and Foreign Trade Ministry's Trade Representation Authority, export contracts were concluded to the tune of $ 1 million (6 million Swedish krone) to export carpets and moquette to Sweden, others to export 20,000 tonnes of phosphate to Indonesia, aluminium ingots at the value of $ 9 million, clover and fertilizers at a value of $ 130,000 to Algeria and various commodities to Lebanon at $ 784,000.

The report revealed export opportunities in the Belgian, Portuguese, Hungarian, Russian, Algerian, Kuwaiti, Abu Dhabi, Saudi and US markets.