List of all articles filed under “egypt-economy” category.
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.
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.
“In addition to the mega projects we have tangible, well-studied sectorial industrial projects in several fields and sectors, including petrochemicals, the engineering sector, household goods, electrical equipment, white goods etc., that are for the domestic Egyptian market.”
“The announcement of the increase of SECON’s capital and the launching of these three projects simultaneously with Egypt Economic Development Conference (EEDC) has a very important message to both local and international investors about the current atmosphere in Egypt.”
“The pharmaceutical industry in Egypt is very big. The local pharmaceutical industry covers 97% of consumption. Only 3% is covered by imports. Our industry has got about 30-35 thousand labourers,” explains Dr. A. Borhan El-Din Ismail, Chairman and Executive Director of EIPICO (Egyptian International Pharmaceutical Industries Company).
“If you picture Egyptian Tourism as a body, it stands on two feet. One foot is the cultural product, Cairo, Luxor, Aswan and Abu Simbel. That is our history, our heritage. The other product is the Sun and Sea vacations in the Red Sea area in the southern Sinai, like Sharm el Sheik, Dahab, Nuweiba and Taba,” explains Hisham Zaazou, Egypt’s former Minister of Tourism.
“We didn’t do very well in the first half of 2014 either. In the second half, starting from July up to now, we are moving very well,” says Hisham Zaazou, Egypt’s former Minister of Tourism.
“MICE tourism is very important and the returns of the MICE tourism are very high. Unfortunately, during the last three years, there was a setback,” says Ambassador Nasser Hamdy, Former Chairman of Egyptian Tourism Authority.
“It’s high time that the Egyptian government partners with the private sector. The private sector in Egypt is extremely resourceful,” says Tony Freiji, President & CEO Wadi Group.
“If we look at this particular sector, Egypt is poised to play a leading role in supplying quality food and processed foods to the rest of the world, particularly Europe, the Eastern United States and the rest of the Mediterranean Basin,” notes Tony Freiji, President & CEO Wadi Group.
