Trade Exchange Between Libya and Egypt Declines in 2019.

Cairo, 29 December 2019(Lana) Deputy Chairman of the Egyptian Chamber of Commerce Imad Naser has said that trade exchange between Libya and Egypt has declined in 2019 to $455 million from $1.37 billion in 2013. Libyan investments in Egypt were down by 25%, and Libyan companies operating in the Egyptian market numbered 511 with assets worth 4 $billion, Naser said, indicating that Egyptian investments in Libya were half a billion dollars. Egypt has launched, in the last months, 10 logistical regions in the area of Al Saloum close to the Libyan border on the Mediterranean, to promote Egyptian exports to Libya, in anticipation of the reconstruction costs, estimated by the World Bank at $200 billion. Meanwhile, recent data released by Egyptian Building Material Council of Exports showed that 52% of Egyptian cement exports between January and August this worth $54 million, 931,700,000 million Egyptian pounds were made to Libya. =Lana=