List of all articles filed under “invest-in-egypt” category.
“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.”
“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.”
“The printing industry all over the world has been affected because of the media. However, the packaging industry is still active all over. In Egypt, the potential in the packaging industry is very big.”
Smart Village is not just office space; it is a technology park. You will find research centres, education institutes, incubators for small companies and we also have a financial district including the Cairo Stock Exchange as well as many Financial Institutions and banks.
“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.”
Engineering Square (IDG) started in 2007 as an idea of the former Minister of Trade and Industry Engineer Rashid and some business people. “They invented the so-called industrial developer to create more industrial land in Egypt without putting financial burden on the government. We have sold out about 85%, of which 50% are already functioning. We have about 35 factories operating. Another 25 are under construction,” explains Sameh Attia, Managing Director of Engineering Square (Industrial Development Group).
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.
“We would like to see modifications of the rules for getting licenses and improvement of the investment conditions for both foreign investors and Egyptian investors,” clarified Eng. Darwish Ahmed Hassanin, CEO of Saudi Egyptian Construction Company (SECON).
“Both our real estate and our tourism investments are very important for us. Egypt is an excellent location for both areas of investment.”
The main capital of SECON was recently increased by 243 million US dollars and an agreement was signed between the representatives of the two governments in the presence of the Egyptian Prime Minister Eng. Ibrahim Mahlab.
