Since the Central Bank of Egypt (CBE) decided to cancel documentary collection transactions in March 2022 and forced only L / C import, the import business of finished products has been completely stopped. According to Matta bishai, head of the Internal Trade Committee of the Egyptian Ministry of general affairs, the inventory of importers in the Egyptian market has almost bottomed out. Due to the serious decline in imports, according to the Egyptian economic newspaper alborsaa, 30 sanitary ware importers have tried to enter production and manufacturing since the beginning of this year, including investing in building factories. In February this year, Al samih, an Egyptian sanitary ware company, acquired 6000 square meters of land in the Suez Canal Economic Zone to build a new factory, with an investment of about 30 million Egyptian pounds (about 10 million yuan).
