Minister of Public Business Sector Hisham Tawfik
The e-catalogue is also meant to raise the competitiveness of Egyptian products. It provides producers and traders with a complete intermediation and matchmaking service for inputs and outputs, particularly targeting small and medium-sized enterprises.
Gosoor, previously known as El-Nasr for Export and Import — is affiliated with the Holding Company for Maritime and Land Transport, operating under the umbrella of the Ministry of Public Enterprise.
The e-catalogue will enable Egyptian companies, especially small ones, to register their exportable products for free, allowing workers in the company’s external branches to find the appropriate commercial partner for the needs of each factory, read a statement by the cabinet on Tuesday.
The statement highlighted that new commercial centres will be inaugurated in Ghana, Cameroon, Sudan, UAE, France, and China, in the first phase, in order to redistribute branches to cover Africa and global commercial centres.
The initiative also includes opening 16 commercial centres to cover 40 countries around the world and is expected to be totally completed by the end of 2022.
“The number of companies that have registered their products on the e-catalogue data collection platform so far has reached about 1,138 companies, the majority of which are small and medium-sized enterprises, with 19,000 products,” the statement added.
The initiative is launched under the directives of Egypt’s President Abdel-Fattah El-Sisi, and the government is working on a plan to increase Egypt’s exports to $100 billion per year.
In 2019, El-Sisi discussed with the government launching Gosoor (Bridges) initiative, to promote Egyptian products in international markets and increase import and export operations.