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Export Egypt!

Export Egypt!. Multi-facetted Egypt. CAIRO – metropolis of 25 million. Key Economic Indicators 2011. Population: 82 million GDP Growth: estimated 3.0% Foreign Direct Investment $6.8 billion Inflation 11.87% Exchange rate £1 = LE9.50

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Export Egypt!

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  1. Export Egypt!

  2. Multi-facetted Egypt www.ukti.gov.uk

  3. CAIRO – metropolis of 25 million www.ukti.gov.uk

  4. Key Economic Indicators 2011 Population: 82 million GDP Growth: estimated 3.0% Foreign Direct Investment $6.8 billion Inflation 11.87% Exchange rate £1 = LE9.50 Total Area: 1,001,450 sq. km (Populated: 53,008 sq. km) UK exports to Egypt in 2010 surpassed the £1 billion mark UK exports to Egypt Jan-April 2011 were over £33 million www.ukti.gov.uk

  5. Current Political and Security Situation • revolution in January this year • transition to democracy • but negative impact on economy • GDP expected to be 3% this year • economic uncertainty for next 6 to 9 months • good time to research the market www.ukti.gov.uk

  6. Long trading relationship • Strong historical links • Trading relationship given a boost after revolution by visit to Egypt in February by Prime Minister and Trade Minister • Government and private sector gave strong message “Egypt remains open for business and investment” www.ukti.gov.uk

  7. Important Sectors • Opportunities in virtually all sectors • Construction, education and training, healthcare, energy, engineering, ICT, oil and gas, retail • Also environment and water, creative media, leisure and tourism, mass transport, security www.ukti.gov.uk

  8. Why Do Business In Egypt? - HUGE MARKET of over 80 million people • Strategic geographic proximity to global markets accessing more than 1.5 billion customers through various multilateral and bilateral trade agreements • Egypt is the fourth largest economy in the Arab world, and one of the most diversified • Strong change from central command to free market system, and strong banking sector • Only 4 hours flying time from the UK, one hour time difference • Diversified sources of income: Suez Canal, tourism, gas & oil and private transfers • Low-cost labour force: 20% of UK cost • The largest labour pool in the region (over 23 million people) which is young and educated • English widely spoken • The Egyptians like the Brits! www.ukti.gov.uk

  9. Opportunities for UK Companies NEW PROJECTS: • Four nuclear power plants to be built with a cumulative capacity of 2000 megawatts by 2027 • $500 million rail link from the southern city of Aswan to a north Sudanese border town • New developments, such as large high-end real estate development projects, both commercial and residential • Safety and fire fighting equipment for ships, boats and offshore oil and gas platforms, leisure and diving boats and its equipment mainly in the red sea, floating hotels in upper Egypt • Railway safety projects • A US$2bn programme to upgrade 16 airports and to build 7 new ones on a BOT basis • Cairo Underground Metro 3rd line at a value of $140 million • The Great Egyptian Museum to be opened by 2012 www.ukti.gov.uk

  10. WARM WELCOME TO EGYPT Marie-Louise Archer H. M. Consul-General Alexandria Marie-Louise.Archer@fco.gov.uk www.ukti.gov.uk Thank You! www.ukti.gov.uk

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