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.
Consumer goods market in Egypt: Egyptians turn towards value
“The last three years in particular have witnessed lots of changes and trends. Not only in the food and beverage market but also in the fast moving consumer goods market. We are starting to see trends that are very much cued towards value,” says Omar Mandour, GM of Coca-Cola Egypt, Yemen, Libya and South Sudan.
Egypt is mainly an equities market, insurance and mortgage markets are developed but still limited – EFSA
“EFSA is the result of unifying all the financial regulators. Our Constitution mentions EFSA, or the non-banking finance regulator as an independent body. We regulate 6 activities, capital markets, insurance, private pensions, mortgage, leasing and factoring. And as a recent development, for the first time in Egypt, microfinance. It is challenging.”
Chamber of Cereals industry: Egyptian mills produce flour of excellent quality
“Egypt is very capable when it comes to milling. We have mills that produce excellent quality. They are capable and some of them even export to Africa. This is as far as flour milling is concerned. As for pasta, we are also very capable and we also export to Africa. Egyptian rice, on the other hand, is one of the best kinds of rice in the world.”
Telecom Egypt: Egypt’s Telecom Market Is Very Young
“The Egyptian telecoms market is very large and very young. It is a growing market,” says Mohammed Elnawawy, Managing Director, CEO and Head of Customer Care of Telecom Egypt.
The real estate market in Egypt is experiencing intense competition
The Egyptian market is starting to witness intense competition between the investment companies related to huge tenders and contracts for the implementation of a range of real estate projects. This will create a healthy competitive environment that will have a positive impact on the Egyptian economy. It is expected that the prices of Egypt’s property units will increase by up to 15 percent by end of 2014.
Vision for Egypt: Egypt’s large population is an advantage
“I hope that we have political and economic stability very soon and that we have security here – but this will come gradually, it will not happen overnight,” explained Eng. Darwish Ahmed Hassanin, CEO of Saudi Egyptian Construction Company (SECON).
Middle-income apartments to drive real estate demand in Egypt
“The highest demand for the next five years will be for middle-income apartments. In previous years, there was a lot of demand for luxury apartments and there were not enough apartments available for the middle to low income population. I think that this will occur in Cairo particularly and I am also expecting to see growth in southern Egypt,” noted Eng. Darwish Ahmed Hassanin, CEO of Saudi Egyptian Construction Company (SECON).
Real estate sector in Egypt: 2014 evaluation
“Real estate investment represents a very important part of Egypt’s economic growth and we expect good growth for real estate for the following six months,” stated Eng. Darwish Ahmed Hassanin, CEO of Saudi Egyptian Construction Company (SECON).
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Agribusiness overview: Egypt’s agriculture is poised for growth
Egypt’s agriculture is composed mainly of two segments: the larger agribusiness operations growing produce on a large scale and the smaller traditional family farms that account for 80% of the cultivated land in the country.