List of all articles filed under “egypt-topics” category.
“Our biggest success was in Libya from 2007 to 2010, where GCC participated in infrastructure projects throughout the country. We are currently doing similar projects in Saudi Arabia, Iraq, and Egypt. Our main focus in Egypt is the Suez Canal project,” notes Mostafa Al Hassan, Chairman of Global Consolidated Contractors (GCC).
Coca-Cola has been a player in Egypt for over 70 years and it has established itself as the leading beverage company in the country. “Our biggest project here in Egypt is our partnership with the Egyptian Food Bank and our pledge to develop the hundred poorest villages in Egypt. This project will take us all the way into 2020,” explains Omar Mandour, General Manager of Coca-Cola Egypt, Yemen, Libya and South Sudan.
“We work on promoting trade and investment between Egypt and the United States through serving our members and the entire business community and advocating on their behalf for a favourable business environment and fostering a socially responsible business environment.”
“The SCCT is a true success story for Egypt… There is no other container terminal on the Suez Canal on the Mediterranean end able to handle very large container vessels. Therefore, our main competitive advantage is our prime location. There are facilities close by on the Mediterranean but we stand out because of our size,” explains Klaus Holm Laursen, CEO of Suez Canal Container Terminal (SCCT).
Over the past 40+ years the government of Egypt has created four export promotion units as integral components of its strategy to create jobs through international trade.
The Egyptian banking sector ticked off marked growth over in the last year, with aggregated assets rising by nearly 17 percent in local currency terms during 2013, according to the country’s Central Bank.
“Unfortunately, the perception of the revolution and of Egypt in the west does not reflect what we see on the ground. It is very important that companies and international investors come to Egypt and investigate for themselves,” noted Mostafa Al Hassan, chairman of a private security company (Global Consolidated Contractors).
“Egypt’s trade agreements with the Arab World, Europe and Asian Pacific are a tool yet to be optimized by foreign investors whom will tap into the potential and wealth that this nation encompasses,” noted Hisham Fahmy, Executive Director of American Chamber of Commerce in Egypt.
Though coming out of a challenging period Egyptian industry is showing marked signs of a steady recovery. Industry is the second largest sector in the Egyptian economy and accounts for nearly 40 percent of GDP.
Foreign direct investment in Egypt averaged $2,234.19 million from 2002 until 2014, reaching an all-time high of $5,572.50 million in the fourth quarter of 2007 and a record low of $40.70 million in the second quarter of 2002.
