Egypt’s banking sector: Growth in 2014
“The banking sector has grown over the last 3 years both in terms of loans and deposits because we have a lot of liquidity in the country,” explains Roberto Vercelli, Managing Director & CEO of AlexBank.
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“The banking sector has grown over the last 3 years both in terms of loans and deposits because we have a lot of liquidity in the country,” explains Roberto Vercelli, Managing Director & CEO of AlexBank.
“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 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).
“We started the company in 2005. I would call myself a co-founder because it was only me and the CEO to begin with. We now have 700 employees spread all over Egypt,” explains Haithem Trabeek, Strategy & Business Planning Director at e-finance.
“e-payment currently has enormous potential and it is expanding. When we started in 2005, e-payment did not even exist and now it is part of the country’s future strategy, which was announced by the Minister of Telecommunication a couple of months ago,” explains Haithem Trabeek, Strategy & Business Planning Director at e-finance.
“We are the safe haven for large depositors. AIB is considered the private bank for high net worth individuals inside Egypt,” says Amr Atallah, GM for Branches and Banking Services at AIB.
“The hotel is part of the First Residence complex that includes a mall with many top brand stores. There is a poolside lounge and we have a tearoom, which is one of our signature outlets,” says Mahmoud ElKeiy, General Manager of Four Seasons Hotel Cairo at The First Residence.
“Four Seasons at The First Residence and our sister hotel in the city are the leaders in luxury hotels in Cairo and in Egypt. We are positioned as number one in the market in terms of quality of service and in terms of our brand,” explains Mahmoud ElKeiy, General Manager of Four Seasons Hotel Cairo at The First Residence.
“Slowly but surely we are going to start to see more positive results. I expect to see this happen quickly on a regional level, i.e. from the GCC market and then later on from the international market, i.e. Europe and the Americas,” comments Mahmoud ElKeiy, General Manager of Four Seasons Hotel Cairo at The First Residence.
“We have good cooperation and collaborations with friends from all over the world. For example, we have about 200 missions in archaeological areas and 80% of them are from the Egyptian foreign mission,” says Mamdouh Al-Damaty, Minister of Antiquities and Heritage, Egypt.