imported 2024-03-17 17:43:06
“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.”
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.”
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.
“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.”
“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).
