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Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
Egypt presentation
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Egypt presentation

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  • 1. Egypt Doing Business in
  • 2. RundownRundown Egypt’s Integration in the World Economy Economic Outlook Investment Incentives Investment Opportunities Egypt and Serbia Why Egypt
  • 3. Why EgyptWhy Egypt • Unique geographic location At crossroads/gateway to Africa, Asia, Europe & Middle East
  • 4. Why EgyptWhy 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 EgyptWhy 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 EconomyEgypt’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 EconomyEgypt’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 OutlookEconomic 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 OutlookEconomic Outlook Gross Domestic Product (GDP) at market prices (current prices) (L.E Billion ) Exchange rate 1USD=5.45 Egyptian Pounds
  • 10. Economic OutlookEconomic Outlook Real growth rate of Gross Domestic Product (GDP) at market prices and constant prices (%)
  • 11. Economic OutlookEconomic Outlook GDP – composition by sector: agriculture: 13.2% industry: 38.7% services: 48.1% (2008 est.) 13.2% 38.7% 48.1% Agriculture Industry Services
  • 12. Economic OutlookEconomic Outlook Per capita income (current prices) (Egyptian Pounds) Exchange Rate 1USD=5.45 Egyptian Pounds
  • 13. Economic OutlookEconomic 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 OutlookEconomic 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 IncentivesInvestment 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 IncentivesInvestment 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 IncentivesInvestment 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. Investment IncentivesInvestment Incentives 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
  • 19. Investment OpportunitiesInvestment 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 OpportunitiesInvestment 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 SerbiaEgypt 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 SerbiaEgypt 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 SerbiaEgypt 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 SerbiaEgypt and Serbia Trade Balances between Egypt and Serbia Year Egyptian Exports from Serbia millions of USD Egyptian Imports from Serbia millions of USD Trade Balance millions of USD 1990 41.7 93.3 135 1991 32.4 71 103.4 1996 9.2 20.6 29.8 1997 4.9 36.9 41.8 1998 3.2 25.3 28.5 1999 1.7 13.1 14.8
  • 28. Year Egyptian Exports from Serbia millions of USD Egyptian Imports from Serbia millions of USD Trade Balance millions of USD 2000 2.6 14.6 17.2 2001 3 11.5 14.5 2002 3.4 9.1 12.5 2003 2.7 7.1 9.8 2004 3.6 19.2 22.8 2005 4.9 21.3 26.2
  • 29. Egypt and SerbiaEgypt and Serbia Year Egyptian Exports to Serbia millions of USD Egyptian Imports from Serbia millions of USD Trade Balance millions of USD 2006 9.1 26 35.1 2007 13.1 20 33.1 14.2 14.2 36.5 50.7 2009 Until June 30th 4.7 13.9 18.6
  • 30. Egypt and SerbiaEgypt and Serbia 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.
  • 31. Egypt

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