Egypt’s internal trade sector accounted for 21.6% of the country’s gross domestic product (GDP) in the first half (H1) of the fiscal year 2020/2021, adding 1.6% year-on-year (YoY), Minister of Supply and Internal Trade Ali El-Moselhy revealed.
The wholesale and retail trade made up 16.4%, while the storage and transportation sector accounted for 5.2%, El-Moselhy added.
Despite the repercussions of the pandemic, the country’s GDP grew by 5.2% to EGP 3.1 trillion in the July-December period of FY20/21.
Over the last three years, the internal trade sector attracted EGP 50 billion in new investments, with expectations to draw more investments with the commencement of the work of the commodity exchange and the launch of new investment opportunities in commercial and logistic centres.
