imported 2024-03-17 17:43:07
“If we look at the numbers during the last 3 years, we can see that the numbers have been fluctuating from up to down and so on. Egypt’s tourism shows its resilience,” stated Ambassador Nasser Hamdy, former Chairman of Egyptian Tourism Authority.
“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).
“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 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).
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.
The Egyptian government is now focusing on small scale industries as a mean of economic and social development. The country’s private sector is dominated by a plethora of small businesses such as farmers, furniture makers or restaurant-owners.
AlexBank is the only private bank with a presence in every governorate of Egypt. “We are working to improve the SME business by offering new products and using the experience we have gained in Italy where the pillar of the business sector is SMEs. The Egyptian government and the business sector are all saying that the future of the country will be SMEs,” says Roberto Vercelli, MD & CEO of AlexBank.
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.
Nicolas Djibo, President of the Chamber of Commerce and Industry of Côte d’Ivoire and Mayor of Bouaké
Nicolas Djibo gives an overview of the economic situation of Côte d’Ivoire and talks about the role of the Chamber of Commerce and Industry. Mr Djibo also presents the city of Bouaké, mentioning some of its advantages compared to Abidjan.
