Egypt’s paints sector may hit $3.6 bln by 2027: Industry official

MENA , Sunday 21 Aug 2022

The value of Egypt’s paints sector would most probably hit $3.6 billion by 2027, based on several statistics and estimates, an industry official said Saturday.

Federation of Egyptian Industries  Chamber of Chemical Industries
Federation of Egyptian Industries Chamber of Chemical Industries Logo

 

Abdullah Helmi, head of the paints sector and deputy of the Federation of Egyptian Industries’ Chamber of Chemical Industries, said that the paints sector could expand at 7.9 percent compound annual growth rate over 2020-2027.

Such a projected boom could contribute to the Egyptian economy’s growth, rally new investment potentials and create more jobs, Helmi added.

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