imported 2024-03-17 17:43:07
“Certainly this young, growing market is very attractive. There are already four operators that are working in this market. The invisible handle on the market decides the right number of competitors whether it be three, four, five or more etc. I am not going to try to say what the right number is. The market is young, growing and it is moving in an all-data format.”
“This is a great market; we are at an extraordinary point where everything is moving towards all-data and mobile broadband so that users can be connected all the time,” says Mohammed Elnawawy, Managing Director, CEO and Head of Customer Care of Telecom Egypt.
“The Egyptian telecoms market is very large and very young. It is a growing market,” says Mohammed Elnawawy, Managing Director, CEO and Head of Customer Care of Telecom Egypt.
TAQA Arabia, a one stop shop for energy supply and energy solutions in Egypt, claims that renewable energy is increasingly becoming a necessity for Egypt.
“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.”
“We are real estate developers and in my opinion, the real estate sector has been one of the most resilient industries, fortunately. SODIC, as a company, has also been more resilient than others. I believe it is a factor of a very deep-willed demand in the market place that is not built on speculation or credit,” notes Ahmed Demerdash Badrawi, Managing Director of SODIC.
“In Cairo and other cities we used to have protests every day and a lot of violence, but this has all subsided dramatically following the presidential elections. Of course we still have some security situations, like any other country in the world, but the overall situation is improving now,” notes Khaled Abd Elghany, Senior Security Consultant of Middle East Security.
“Intel, Egypt is committed to the Egyptian market thought our “Egypt tomorrow” initiative. We are here to stay. We are confident about the potential of the Egyptian market. Our strategy is aligned around the three main areas of education, innovation and entrepreneurship,” notes Karim El Fateh, Country Manager (Egypt & Levant) of Intel Corporation.
Engineering Square (IDG) started in 2007 as an idea of the former Minister of Trade and Industry Engineer Rashid and some business people. “They invented the so-called industrial developer to create more industrial land in Egypt without putting financial burden on the government. We have sold out about 85%, of which 50% are already functioning. We have about 35 factories operating. Another 25 are under construction,” explains Sameh Attia, Managing Director of Engineering Square (Industrial Development Group).
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.
