Competitiveness of Egypt: Evaluation by AmCham Egypt
“I believe Egypt has several fundamentals in place that give it a competitive edge,” says Hisham Fahmy, CEO of American Chamber of Commerce in Egypt.
Egypt4Business Campaign by AmCham Egypt
“Egypt4Business Campaign is about telling the story about successful US, Egyptian and multinational businesses operating in Egypt,” explains Hisham Fahmy, CEO of American Chamber of Commerce in Egypt.
Public Private Partnerships (PPPs) Are Key for New Egypt
“It’s high time that the Egyptian government partners with the private sector. The private sector in Egypt is extremely resourceful,” says Tony Freiji, President & CEO Wadi Group.
Leading contracting company in Egypt: Global Consolidated Contractors
“We can only compete on internationally focused projects; we cannot compete in the local market. When it comes to international projects, where you need to have international experience, we are considered one of the only companies in Egypt who manages certain types of consortiums,” says Mostafa Al Hassan, Chairman of Global Consolidated Contractors (GCC).
Global Consolidated Contractors (GCC) focus in Egypt is the Suez Canal project
“Global Consolidated Contractors was established in 2005. The idea behind the company and even its name was to create a merger between the consortium from international companies in the construction sector and local companies. We work in construction management and we bring together international expertise and local labour to bid for international projects,” says Mostafa Al Hassan, Chairman of Global Consolidated Contractors (GCC).
Moussa family and the United Holding Company, a success story from Egypt
“Our best approach to achieve our goals quickly was to enter a partnership with a large, leading multinational company. Our first partnership was with BASF of Germany. We then entered a partnership with St. Gobain, for gypsum. We are looking to invest and make up for the 2 or 3 years when we didn’t do anything. For 2015, we have a big program of investment.”
Asset management in Egypt is in its early stages – Waha Portfolio Management
“The asset management business in Egypt is not very familiar. It has a lot of potential to expand over the coming years, because it is very small, but it is growing rapidly, but it is still in its early stages. The growth in assets in the company has a very high percentage. Since the last 3 to 4 years, some companies have grown by 50 % to 70% percent annually.”
Saad El-Din Group to have a LNG storage facility in Suez with a capacity of 50,000 tonnes
“We are in the LPG field and we have six factories in Egypt for filling cylinders of LPG. Our production now is almost between 150,000 – 200,000 bottles per day.”
Boutique hotels in Egypt | OB Hotels & Restaurants
“My passion has always been for the beverage developing new trendy, stylish restaurant concepts. So I started my own company with my partner. We founded OB Hotels & Restaurants. We do boutique hotels more in the line of intimate, individual, experience lifestyles and restaurants. We started that in 2011 and it has just been exciting.”
The current business atmosphere in Egypt is that of hope and optimism, says AmCham
“The general atmosphere now is that of hope and optimism. The current government has sent out many messages of reassurance to investors. A series of significant reforms and national projects have been launched.”