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| Packaging Equipment |
| Overview |
| The packaging industry in Egypt is considered a fledgling industry striving to expand and compete in international markets. The packaging market is expected to reach $1 billion in 2007, with an expected annual growth of 25% over the next three years. The growth rate is due to an anticipated increase in exports following Egypt’s signing of a tripartite agreement on the Qualified Industrial Zones (QIZs). Egypt’s packaging equipment market is supplied 90% from imports and 10% from domestic sources, mainly from Italy, Far East, Germany, Spain, U.K. and the U.S. The U.S. share currently stands at 7%, but the local market is very receptive to U.S. equipment due to its excellent reputation and perceived value. |
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