List of all articles filed under “egypt-interviews” category.
“Several developers were keen to invest money and start building their own company, but because of the revolution, they have just put a stop to these projects. Now, these kind of positive trends are again on the rise.”
“Corporate banking is considered the fastest-growing portfolios in the whole country. The portfolio was acquired in 2008 by Banque Swiss, so we have a very clean portfolio since we’ve started.”
“We are one of the leading banks in the syndication market. We have a number of milestone transactions in hydrocarbons, energy, power generation, fertilizers etc. We are the leading bank in the SMEs proposition as well.”
There is something interesting about Egypt as far as SMEs are concerned. Anything and everything that you can imagine is already there in terms of services. Only people don’t know about it. Or they are isolated as islands or the services are offered to them in a very small portion. Whatever practice you can imagine in the world, already exists here in Egypt. The whole idea is to coordinate the efforts.
In September last year, during the celebrations in the New York Stock Exchange, Egypt was the winner of the best innovative stock exchange in the entire African continent.
We need to increase the numbers by 15 to 20% every year to reach the target we have set ourselves, of $20 billion. We plan to have strong advertising campaigns all the way through to 2020. We will try to attract new segments of tourists to visit Egypt by offering safaris, spas, golf and MICE.
We have a mega project: the Damietta project, a grain logistics hub. It is related to the poor Egyptian who buys a loaf of bread from a village in Delta or Upper Egypt. In order to guarantee the stability of what we are doing, we have to invest for the future.
Egypt is the world’s largest importer of wheat, at around 10 million tons per year. Unfortunately, due to the lack of sufficient or proper storage conservative numbers by the government estimate around 30% of crops are wasted. Blumberg Grain has a solution.
The new concept of New Homes has been in the market since 2008 to serve the developers as a marketing arm and as a consultant to consumers, to assist them in choosing from different developments across the country, especially residential, gated communities, or as we call them, ‘compounds’.
“We have 22-23% market share because we’re still the biggest private ISP in Egypt by far and the rest are between 5-7% each. Our major strength has always been that we are a private company – we have more freedom to try new stuff. We hire the best calibers in Egypt, we have 1,200 employees who are all experts in their areas, and we are always open to trying new technology.”
