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The Egyptian-British Chamber of Commerce

The Egyptian-British Chamber of Commerce. Spotlight on Egypt Reading, 18 May 2010. Presentation By Taher El Sherif Secretary-General. EBCC Services. Business Information Events Matchmaking & Networking Partnerships & JV’s Reports & Newsletters Membership Information Lobbying.

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The Egyptian-British Chamber of Commerce

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  1. The Egyptian-British Chamber of Commerce Spotlight on Egypt Reading, 18 May 2010 Presentation By Taher El Sherif Secretary-General

  2. EBCC Services • Business Information • Events • Matchmaking & Networking • Partnerships & JV’s • Reports & Newsletters • Membership Information • Lobbying

  3. Egypt’s Economic Indicators 2009 vs. 2004

  4. Egypt Economic Indicators cont’d GDP Growth 2000-2009 Source: Ministry of Finance, Ministry of Economic Development, CAPMAS, Central Bank of Egypt

  5. Egypt Economic Indicators cont’d FDI Increase 2000-2009 Source: Ministry of Finance, Ministry of Economic Development, CAPMAS, Central Bank of Egypt

  6. Structure of the Economy 2009 - Sector Share of GDP - Production Sector: 41% Services Sector : 59% Source: Central Bank of Egypt

  7. GDP Growth Per Sector 2009 Total GDP Growth: 4.5% Source: Central Bank of Egypt

  8. Export Structure 2009 High Value Added Products: 56% Low Value Added Products: 44% Source: Central Bank of Egypt

  9. Exports by Region 2009 Europe & the United States: 79% Source: Central Bank of Egypt

  10. Import Structure 2009 For Production Sector: 79% Consumer Products: 21% Source: Central Bank of Egypt

  11. Imports by Region 2009 Europe & the United States: 71% Source: Central Bank of Egypt

  12. UK-Egypt Trade 2008-09 In £ Mln Source: DTI Analysis of HM Revenue & Customs data.

  13. Egypt Trade Ranking 2008-09 in £ Mln MENA Import from UK MENA Export to UK Egypt is ranked 4th. importer and 7th exporter among 20 MENA countries. And ranked 2nd. largest exporter after Israel if oil excluded.

  14. Egypt Trade Products 2008-09in £ Mln UK Export Products UK Import Products

  15. Why Egypt? • Supportive reforming government since 2004 • Access to a market of 74 million consumers • Modern infrastructure ( over $250bn. investment in 25 years) • Strong manufacturing base and fast-growing services sector • Stability in the foreign exchange and stock markets • Encouraging tax policies • Availability of low cost semi-skilled, skilled and highly qualified labour • Access to three major regional free trade agreements: EU, COMESA, Greater Arab and Turkey

  16. Utilities & Labour Cost 2009 Labour Cost

  17. Tips – How in Egypt? • Choose your right Egyptian partner • Study the market and the market needs • Choose your right location • Arrange your finance • Study the laws and regulations (investment , tax, labour, trade...etc) • Use the available programmes in the regional and international trade agreements • Stay in the market, and do not manage your business from afar • Choose your proper local staff • Build up your social life within the Egyptian friendly society

  18. Challenges • Bureaucracy & Overstaffed Government • The Central vs. Local Governments • The Legal System • The Education System • Information Supply • Access to Credit • Unemployment

  19. The Egyptian-British Chamber of Commerce THANK YOU

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