Renewable energy is a necessity for Egypt – TAQA Arabia
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 current business atmosphere in Egypt is that of hope and optimism, says AmCham
“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.”
Successful revival of SODIC, one of the first listed real estate developers in Egypt
“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.
Security services for multinational companies in Egypt – Middle East Security
“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.
IT potential of Egypt & Intel’s commitment to Egyptian market
“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), the largest industrial developer in Egypt
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 real estate market in Egypt is experiencing intense competition
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.
Tourism sector in Egypt: Promoting cultural tourism in Egypt
“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.
Cooperation between Saudi Arabia and Egypt: Success of SECON
“SECON is owned 50% by the Saudi government and 50% by the Egyptian government. It is and will continue to be a very good example of cooperation between these two governments and of cooperation between two Arab countries. The continuous support and help from Saudi Arabia to Egypt has been fantastic,” said Eng. Darwish Ahmed Hassanin, CEO of SECON.
Vision for Egypt: Egypt’s large population is an advantage
“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).