Though coming out of a challenging period Egyptian industry is showing marked signs of a steady recovery. Industry is the second largest sector in the Egyptian economy and accounts for nearly 40 percent of GDP.
Foreign direct investment in Egypt averaged $2,234.19 million from 2002 until 2014, reaching an all-time high of $5,572.50 million in the fourth quarter of 2007 and a record low of $40.70 million in the second quarter of 2002.
Subsidy cuts, new taxes and “bitter pills” were introduced to enable a smoother recovery of Egypt’s economy.
The Egyptian economy passed through many political, social and security crises since January 2011.
“H.E.C Holding has been in business since 1959. When the younger generation took over ten years ago, it was changed into a corporate company, an S.A.L, and we created the holding arm.”
H.H. Sheikh Khalifa bin Salman Al-Khalifa was born in 1936, and he is the second of 3 sons born to the former Amir of Bahrain the late Shaikh Salman bin Hamad Al-Khalifa. He is married and has two sons and a daughter.
Mr. Al Khan joined GBCORP as Head of Investment Banking with over 10 years of experience in the financial services industry including working in New York.
How the late Michael Jackson found a new home in Bahrain
Over 30 years of extensive and diverse banking experience in Commercial Banking with particular strength in Credit Administration, Credit Risk, Marketing, Country Risk and Product Knowledge including Islamic Banking.
