Doing Business in Egypt
EENI - Business School.
Subject (Course): International Trade and Business in the Arab Republic of Egypt. Cairo.
- Introduction to the Arab Republic of Egypt.
- Doing Business in Cairo.
- Egyptian economy. Growth sectors of the economy.
- International Trade of Egypt
- Egyptian ports
- Suez Canal
- Foreign Direct Investment (FDI) in Egypt.
- Open a business in Egypt.
- The cost of doing business.
- Introduction to Arabic
- Business Plan for Egypt
- Access to the Egyptian Market
- Ahmed Mekky
- Tarek Talaat Moustafa
- Hassan Abdalla
- Mohamed Mansour
- Onsi Sawiris - Orascom Telecomm
- Minoush Abdel-Meguid
Objectives of the subject "Doing Business in the Arab
Republic of Egypt":
- To analyze the Egyptian economy and foreign trade
- To understand the strategic importance of the Suez Canal
- To evaluate business opportunities in Egypt
- To explore Egypt's trade relations with the student's country
- To know Egypt's Free Trade Agreements (FTAs)
- To examine the profile of Egyptian businesspeople
- To develop a business plan for the Egyptian Market
Sample of the subject - Business in Egypt:
Subject Description (Doing Business in Egypt).
Egypt: Strategic location (Africa - the Middle East).
Control of the Suez Canal.
- The Arab Republic of Egypt stands at a fortunate strategic location
linking Asia, Africa, and Europe.
- Egypt is a gateway to some of the biggest
markets by way of preferential and regional trade agreements:
- Capital: Cairo
- Egyptian language: Arabic
- Egypt is Semi-Presidential Republic
- Egypt became independent from the UK in 1922
- Area: 1,001,459 km²
- Egyptian population: 90 million people
- 20% of the Egyptian population is under the poverty line
- Currency: Egyptian Pound
- Uncertainty after the Arab Spring, so great caution when doing business
- Almost six out of ten Egyptians are under twenty-five years.
- Egyptians are enthusiastic, educated, forward-thinking and open to new opportunities.
- The educational system has improved significantly.
- Egypt offers comparatively well-qualified, adaptable to the needs of the time workers.
- The Arab Republic of Egypt has developed a
multi-cultural community, mixing traditions of Africa and the Middle East.
Religion in Egypt.
Islam is the state religion since
- Egypt is predominantly Sunni Muslim, with 80 million Muslims (94.7%
of the population in 2010).
- Sharia is the primary
source of legislation.
- Fiqh (Islamic Jurisprudence):
- There are an estimated 12 million Coptic Orthodox.
Egypt belongs to the East African Economic Area
of the African Civilization, but
culturally also it belongs to the Islamic Civilization.
Egypt, the "cultural lighthouse" of the Arab Countries.
- Egypt's 90 million population, growing at the rate of 2% annually, represents a
local market for any investor.
- Reduction of customs duties has opened
Egyptian markets to international trade.
- Business procedures have been
- Corporate and personal taxes have been cut.
- The cost of doing business in the Arab Republic of Egypt is greatly favorable, particularly labor and land costs.
- Movement of products is being speeded up with improved transport system.
- Egyptian ports are being modernized.
- The Arab Republic of Egypt is the economic and cultural
center of a region of 800 millions of people and a hub for the maritime
traffic with commercial ports on the Mediterranean and the Red Sea.
- Egyptian GDP (nominal): 216.830 billion
- The inflation (CPI): 10.1%
- Unemployment: 9.7%
- The main Egyptian economic sectors are tourism, textiles, cement, food industry, chemicals, metals, pharmaceuticals, hydrocarbons, construction,
- Egypt is considered the gateway to some of the largest markets in the world, as Egypt and maintains regional preferential
trade agreements with several countries.
- Airports are being remodeled to meet the growing flow of passengers and cargo; a modern road network
is crossing linking Egypt to the Middle East, Africa
and, through neighboring countries, to Europe.
Egyptian Foreign Trade.
- Egyptian exports: 22.91 billion dollars
- The main export markets: Italy, the United States, Spain, India, Syria, Saudi Arabia, and Japan
- Egyptian imports: 43.98 billion dollars
- Major suppliers of Egypt: the United States, China, Italy, Germany, and Saudi Arabia
- Arab Mediterranean Free Trade
Agreement - Agadir Agreement (العربية المتوسطية اتفاقية للتجارة الحرة -
- Community of Sahel-Saharan States (CEN-SAD)
- Common Market
for Eastern and Southern Africa (COMESA)
- Free Trade Agreements (FTA) with the MERCOSUR, Cameroon, Turkey,
the United States (COMESA),
the European Free Trade Association (EFTA)
Investment Environment in the Arab Republic of Egypt.
The Ministry of Investment implements definitive policies to promote and develop
foreign direct investment by:
1. Creating the appropriate organizational and legislative environment for investment
2. Promotion of foreign direct
3. Efficiency progress measurement
- Cairo-Gaborone Corridor
- Cairo-Dakar Corridor
Egypt is a member of:
- Organization of Islamic Cooperation (OIC)
- Arab League
- Islamic Development Bank
- Nile Basin Initiative
- European Neighborhood Policy
- Euro-Mediterranean Partnership (EUROMED)
- African Development Bank
- Afro-Arab cooperation - Arab Bank for Economic Development in Africa (BADEA)
- Asia-Middle East (Egypt) Dialogue
- Relationships with India
- Relationships with China
- Summit of South American-Arab Countries (ASPA)
- United Nations Economic Commission for Africa
- Economic and Social Commission for Western Asia (ESCWA)
- New Partnership for Africa's Development (NEPAD)
- African Union (AU)
- Africa (Egypt-South America Summit)
Ahmed Mekky is the co-founder and Chief Executive Officer of Gulf
EENI delivers to HRH Prince Alwaleed bin Talal a Master Honoris Causa
Egypt-MERCOSUR Free Trade Agreement (FTA):
Agreement Turkey Egypt