1 / 31

Egypt

Doing Business in. Egypt. Rundown. Why Egypt. Egypt’s Integration in the World Economy Economic Outlook Investment Incentives Investment Opportunities Egypt and Serbia. Why Egypt. Unique geographic location At crossroads/gateway to Africa, Asia, Europe & Middle East. Why Egypt.

lonato
Download Presentation

Egypt

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Doing Business in Egypt

  2. Rundown • Why Egypt • Egypt’s Integration in the World Economy • Economic Outlook • Investment Incentives • Investment Opportunities • Egypt and Serbia

  3. Why Egypt • Unique geographic location At crossroads/gateway to Africa, Asia, Europe & Middle East

  4. Why Egypt • Political stability & one of most promising emerging markets • Stable friendly business environment private sector led economy & competitive incentives offering favorable climate for investors & joint venture partners • Diversified expanding economy, local market of 80 million & accessibility to vast markets of one billion in different trade blocks (COMESA, EU, Arab region…)

  5. Why Egypt • Competitive advantages Raw materials, land, large pool of competitively priced labor force (skilled & semi-skilled), maritime, airfreight rates, electricity, tele-tariffs… • Advancing infrastructure Telecommunications, IT, electricity, roads, ports, banking & capital market…

  6. Egypt’s Integration in the World Economy • Adoption of bilateral, regional & multilateral approach to trade & investment liberalization: • WTO (member since June 30th 1995)

  7. Egypt’s Integration in the World Economy • Free-Trade blocks • COMESA: largest economic grouping in Africa with 400 million people • EU: Free and Preferential Trade Agreements • Arab World: Free Trade Area Agreement • USA: Trade & Investment Agreement • Qualified industrial zone • Free Trade Agreement with Turkey • Free Trade Agreement with EFTA countries

  8. Economic Outlook • Early nineties, Egypt launched multi-phased economic reform program focused on macroeconomic adjustments & stabilization, privatization & trade liberalization, market driven economy • Successful program applauded by international institutions: IMF “as an achievement that has few parallels”

  9. Economic Outlook Gross Domestic Product (GDP) at market prices (current prices) (L.E Billion ) Exchange rate 1USD=5.45 Egyptian Pounds

  10. Economic Outlook Real growth rate of Gross Domestic Product (GDP) at market prices and constant prices (%)

  11. Economic Outlook GDP – composition by sector: agriculture: 13.2% industry: 38.7% services: 48.1% (2008 est.)

  12. Economic Outlook Per capita income (current prices) (Egyptian Pounds) Exchange Rate 1USD=5.45 Egyptian Pounds

  13. Economic Outlook EGYPT IMPORTS FROM THE WORLD from 2005 to Jan. Sep. 2009 Total imports: 2008: 52915.66 million USD Jan-June 2009: 32692.70 million USD

  14. Economic Outlook EGYPT EXPORTS TO THE WORLD from 2005 to Jan. Sep. 2009 Total exports: 2008: 26209.60 million USD Jan-June 2009: 16478.20 million USD

  15. Investment Incentives Types of Investment in Egypt: 1. Free Zones investment system 2. Inland investment system Types of Free Zones in Egypt: 1. Public 2. Private Egypt Free Zones: 10 Free Zones

  16. Investment Incentives Investment Incentives •Enterprises wholly owned by foreigners • Guarantees against nationalization or expropriation • Output not subject to price control • Repatriation of capital and profits

  17. Investment Incentives Tax exemptions as follows: *  5-year exemption of the projects set up in the Old Valley * 10-year exemption of the projects established in the industrial zones of new communities or remote areas. *  20-year exemption of the projects set up in the New Valley (hka, East Owainat, Paris, Kharga, East Farafra and Siwa). *  Life exemption of the projects established in free zones.

  18. Free Zones objectives: 1. Increase Egyptian exports 2. Attract foreign capital, achieve accrued capital 3. Introduce new technology specially in the industrial field 4. Provide employment opportunities, generate a substantial skill surge Investment Incentives

  19. Investment Opportunities Investment Opportunities The Projects Tendered for Investment • Engineering and Electronics Sector • Metal Projects Sector • Spinning & Textile Sector • Food Projects Sector • Chemical & Pharmaceuticals Projects Sector

  20. Investment Opportunities Automobile Assembly Highly profitable – Passenger cars, buses, mini-buses: GM, Peugeot, Mercedes Benz, BMW, Suzuki, Hyundai… Construction Materials Fast growing - steel, reinforced iron, cement, ceramics…

  21. Additional Opportunities Juices, leather, chemicals, glass, paper, vessel & ship building & maintenance, granite, marble… Mining Varied & abundant mineral deposits: iron ore, phosphate rocks, coal…

  22. Agriculture • Emerging key regional exporter of primary & secondary food produces • Ambitious projects expanding Arable land & creating new communities Opportunities • Mega projects: land reclamation in Toshka, Sinai & East Owaynat • Transportation services, advanced screening, wrapping, packing & storage techniques • Fisheries, fish farming in different lakes: Lake Nasser, Karoon, Burolns, etc…

  23. Tourism Favorable tourist destination for its variety of attractions & wonders, weather, cultural activities & museums, safari, therapeutic, religious, golf, conferences & exhibitions, shopping, etc… Opportunities Development of new resorts for beach & leisure tourism: Marinas, Scuba diving centres, golf, etc…

  24. Egypt and Serbia • Distinguished political relations • Presidential and ministerial visits • Reviving of relations so as to reach Golden age during 50’s and 60’s.

  25. Egypt and Serbia • Egypt is a favourable tourist destination for Serbian citizens (22.2 thousands tourists in 2009) • Easy access to Egyptian visa • Charter flights • Attempts to start direct flights between two countries

  26. Egypt and Serbia There are a number of agreements that aim to foster economic and trade relations and attract investments from both sides which are as follows: 1. Agreement for Long-term Commercial and Economic Cooperation, signed on June 26th 1957 2. Agreement on Establishing the Joint Committee for Economic Cooperation, signed on March 21st 1961 3. Agreement on the reciprocal promotion and protection of investment, signed on May 24th 2005 4. Agreement on the Avoidance of Double Taxation with respect to taxes on income, signed on July 31st 2005

  27. Egypt and Serbia Trade Balances between Egypt and Serbia

  28. Egypt and Serbia

  29. Most important exports to Serbia in 2009 • rice, soap, paper, beans oranges, strawberries, herbs, ceramic tiles, salt, polyethylene, aluminum, dried onion, cotton, granite, mint, iron and steel powder, conserved olives, artificial cement, conserved tomatoes, textiles, etc. • Most important imports from Serbia in 2009 • processed beech woods, tractors, tires, brass plates, copper pipes, motor parts, brass wires, breathing apparatus, protection masks, hydraulic generators, air filters, rubber products, rubber belts and strips for transports, etc. Egypt and Serbia

  30. Egypt

More Related