Doing Business in Egypt

EENI- School of International Business

Subject (Course): International Trade and Business in the Arab Republic of Egypt. Cairo.

Syllabus:

  1. Introduction to the Arab Republic of Egypt.
  2. Doing Business in Cairo.
  3. Egyptian economy. Growth sectors of the economy.
  4. International Trade of Egypt
  5. Egyptian ports
  6. Suez Canal
  7. Foreign Direct Investment (FDI) in Egypt.
  8. Open a business in Egypt.
  9. The cost of doing business.
  10. Introduction to Arabic
  11. Business Plan for Egypt
  12. Access to the Egyptian Market

Egyptian Businessperson:

  1. Ahmed Mekky
  2. Tarek Talaat Moustafa
  3. Hassan Abdalla
  4. Mohamed Mansour
  5. Onsi Sawiris - Orascom Telecomm
  6. Minoush Abdel-Meguid

Aims of the subject “Doing Business in the Arab Republic of Egypt”:

  1. To analyse the Egyptian economy and foreign trade
  2. To understand the strategic importance of the Suez Canal
  3. To evaluate business opportunities in Egypt
  4. To explore Egypt's trade relations with the student's country
  5. To know Egypt's Free Trade Agreements (FTAs)
  6. To examine the profile of Egyptian businesspeople
  7. To develop a business plan for the Egyptian Market
Subject “Doing Business in Egypt” is studied…
  1. Professional Doctorates (DIB): Islamic Countries, Africa
  2. Course Doing Business in East Africa
  3. Masters (e-learning): African Business, Global Business (MIB), and Muslims Countries

Recommendations for Egyptian students.

Course learning materials in En or Fr Egypte Pt Egito Es Egipto

  1. Credits of the subject “Doing Business in Egypt”: 3 ECTS/1.5 AC Credits
  2. Duration: three weeks

ماجستير في التجارة الخارجية و التسويق الدولي

Sample of the subject - Business in Egypt:
Hassan Abdalla

Ports of Egypt

We Trust in Africa

Subject Description (Doing Business in Egypt).

Egypt: Strategic location (Africa - the Middle East).

Control of the Suez Canal.

  1. The Arab Republic of Egypt stands at a fortunate strategic location linking Asia, Africa, and Europe.
  2. Egypt is a gateway to some of the biggest markets by way of preferential and regional trade agreements:
  3. Capital: Cairo
  4. Egyptian language: Arabic
  5. Egypt is Semi-Presidential Republic
  6. Egypt became independent from the UK in 1922
  7. Area: 1,001,459 square kilometres
  8. Egyptian population: 90 million people
  9. 20% of the Egyptian population is under the poverty line
  10. Currency: Egyptian Pound
  11. Uncertainty after the Arab Spring, so great caution when doing business is advised.
  12. Almost six out of ten Egyptians are under twenty-five years.
  13. Egyptians are enthusiastic, educated, forward-thinking and open to new opportunities.
  14. The educational system has improved significantly.
  15. Egypt offers comparatively well-qualified, adaptable to the needs of the time workers.
  16. 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 1980.

  1. Egypt is predominantly Sunni Muslim, with 80 million Muslims (94.7% of the population in 2010).
  2. Sharia is the primary source of legislation.
  3. Fiqh (Islamic Jurisprudence): Maliki.
  4. There are an estimated 12 million Coptic Orthodox.

Egypt belongs to the East African Economic Area of the African Civilisation, but culturally also it belongs to the Islamic Civilisation.

Egypt, the “cultural lighthouse” of the Arab Countries.

Minoush Abdel-Meguid Egypt

Egyptian Economy.

  1. Egypt's 90 million population, growing at the rate of 2% annually, represents a significant local market for any investor.
  2. Reduction of customs duties has opened Egyptian markets to international trade.
  3. Business procedures have been reduced.
  4. Corporate and personal taxes have been cut.
  5. The cost of doing business in the Arab Republic of Egypt is greatly favourable, particularly labour and land costs.
  6. Movement of products is being speeded up with improved transport system.
  7. Egyptian ports are being modernised.
  8. The Arab Republic of Egypt is the economic and cultural centre 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.
  9. Egyptian GDP (nominal): 216,830 billion
  10. The inflation (CPI): 10.1%
  11. Unemployment: 9.7%
  12. The main Egyptian economic sectors are tourism, textiles, cement, food industry, chemicals, metals, pharmaceuticals, hydrocarbons, construction, and light manufacturing
  13. 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.
  14. Airports are being remodelled to meet the growing flow of passengers and cargo; a modern road network is crossing linking Egypt to the Middle East, Africa and, through neighbouring countries, to Europe.

Egyptian Foreign Trade.

  1. Egyptian exports: 22.91 billion dollars
  2. The main export markets: Italy, the United States, Spain, India, Syria, Saudi Arabia, and Japan
  3. Egyptian imports: 43.98 billion dollars
  4. Major suppliers of Egypt: the United States, China, Italy, Germany, and Saudi Arabia

Market Access.

  1. Arab Mediterranean Free Trade Agreement - Agadir Agreement (العربية المتوسطية اتفاقية للتجارة الحرة - اتفاقية أغادير)
  2. Community of Sahel-Saharan States (CEN-SAD)
  3. Common Market for Eastern and Southern Africa (COMESA)
  4. COMESA-EAC-SADC Tripartite Agreement
  5. 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 organisational and legislative environment for investment
2. Promotion of foreign direct investment
3. Efficiency progress measurement

Trans-African corridors:

  1. Cairo-Gaborone Corridor
  2. Cairo-Dakar Corridor

Mohamed Mansour

Ports of Egypt

Egypt is a member of:

  1. Organisation of Islamic Cooperation (OIC)
  2. Arab League
  3. Islamic Development Bank
  4. Nile Basin Initiative
  5. European Neighbourhood Policy
  6. Euro-Mediterranean Partnership (EUROMED)
  7. African Development Bank
  8. Afro-Arab cooperation - Arab Bank for Economic Development in Africa (BADEA)
  9. Asia-Middle East (Egypt) Dialogue
  10. Relationships with India
  11. Relationships with China
  12. Summit of South American-Arab Countries (ASPA)
  13. United Nations Economic Commission for Africa
  14. Economic and Social Commission for Western Asia (ESCWA)
  15. New Partnership for Africa's Development (NEPAD)
  16. African Union (AU)
  17. Africa (Egypt-South America Summit)

Samples - Business in Egypt

Tarek Talaat Moustafa

Onsi Sawiris

Ahmed Mekky Egypt

Egypt-MERCOSUR Agreement

COMESA Customs Union

Agadir Agreement

Turkey-Egypt Agreement

Community Sahel-Saharan States CEN-SAD

COMESA-EAC-SADC Tripartite

Cairo-Dakar Corridor

Cairo-Gaborone Corridor

EENI delivers to HRH Prince Alwaleed bin Talal a Master Honoris Causa

Ahmed Mekky is the co-founder and Managing Director (CEO) of Gulf Bridge International.


EENI Business School