imported 2024-03-17 17:43:07
“Slowly but surely we are going to start to see more positive results. I expect to see this happen quickly on a regional level, i.e. from the GCC market and then later on from the international market, i.e. Europe and the Americas,” comments Mahmoud ElKeiy, General Manager of Four Seasons Hotel Cairo at The First Residence.
“We have good cooperation and collaborations with friends from all over the world. For example, we have about 200 missions in archaeological areas and 80% of them are from the Egyptian foreign mission,” says Mamdouh Al-Damaty, Minister of Antiquities and Heritage, Egypt.
“The latest figures show that the average spending per person, that went down from USD 85 per night to USD 62 until very recently, has slowly climbed back to about USD 80 per person, per night. We are almost back there. Looking forward to 2015, (I am knocking on wood), if we move the way we are moving, we will be back to normal by the end of the year. In 2016, we foresee a higher level of business for Egypt.”
“Coca-Cola has been playing a major role in Egypt for over 70 years. We entered the local market in 1942. We are very committed to the Egyptian market and we have been investing heavily in it,” says Omar Mandour, General Manager of Coca-Cola Egypt, Yemen, Libya and South Sudan.
“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.
“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. We also have a project that is focused on improving the lives of 4,000 women and their families in these villages which provides microbusinesses to women in rural areas,” explains Omar Mandour, GM of Coca-Cola Egypt, Yemen, Libya and South Sudan.
The main institutions directly involved in the regulation and coordination of the tourism sector and its related activities are the Ministry of Tourism of the country and the Egyptian Tourism Authority (ETA; currently under the patronage of Samy Mahmoud).
The following list summarizes and introduces Egypt’s banking sector and presents the top banks in Egypt. These top banks include institutions such as the National Bank of Egypt (NBE), Banque Misr, Banque du Caire or the Commercial International Bank (CIB).
“The pharmaceutical industry in Egypt is very big. The local pharmaceutical industry covers 97% of consumption. Only 3% is covered by imports. EIPICO exports to 61 countries, including England Germany and Romania, Africa and the Middle East, including Lebanon and Saudi Arabia.”
“Our best approach to achieve our goals quickly was to enter a partnership with a large, leading multinational company. Our first partnership was with BASF of Germany. We then entered a partnership with St. Gobain, for gypsum. We are looking to invest and make up for the 2 or 3 years when we didn’t do anything. For 2015, we have a big program of investment.”
