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Egypt BRICS trade hits 53.5B
The article focused on President Abdel Fattah El-Sisi's statements during the BRICS summit in New Delhi, where he emphasized the importance of strengthening economic cooperation among the grouping's member states and partners to tackle global challenges through diversifying sources of growth and promoting innovation and technology, particularly in the fields of artificial intelligence, technology transfer, and localization. He also clarified that the volume of trade exchange between Egypt and BRICS countries increased to around $53.5 billion in 2025, with Egyptian exports amounting to approximately $14 billion. Additionally, he stated that the role of the New Development Bank is essential for financing infrastructure and development projects in developing countries. The BRICS bloc offers significant opportunities to boost trade and investment for Egypt, which is part of the group representing about 40% of the global economy.
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