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Summary of The Report Egypt 2009
The Report Egypt 2009, is considered as one of the most comprehensive economic, political, social and business review of Egypt for the time being. It is a part of the renowned Emerging Market series of annual economic information and political intelligence that covers South East Europe, Asia, North Africa and the Middle East. This publication is produced by the Oxford Business Group in association with the American Chamber of Commerce in Egypt.
The over 200 page research is written by a team of international analysts based on the ground for six months, and the result of hundreds of public and private sector interviews making them unrivalled in the Egyptian market. The Report Egypt 2009 is basically the most extensive independent, unbiased and accurate intelligence available research covering all the Egyptian sectors. It is supported by charts, graphs and key economic data to highlight trends allowing readers a unique insight into the country.
The Report provides a comprehensive overview of the country’s undergoing extensive changes to adapt to the modern business world and to place it at the forefront of international commerce and trade. It explains the domestic and foreign political scene, macroeconomic policy and sectoral developments and includes unique statistical forecasting. The report contains in depth analysis along with interviews and viewpoints from key players, such as Ahmed Nazif, Prime Minister of Egypt, Rachid Mohamed Rachid, Minister of Trade and Industry, Mahmoud Mohieldin, Minister of Investment, Mohamed Lotfy Mansour, Minister of Transport, Zoheir Garranah, Minister of Tourism, Tarek Kamel, Minister of Communication and It, Amin Ahmed Abaza, Minister of Agriculture and Land Reclamation, and others.
Over the past few years reform has been the key word in regards to most areas of Egyptian society, permeating all sectors of the economy, as well as the government. Since 2004, the Egyptian government made great progress of the nation’s economic liberalization. The World Bank named Egypt as having the most improved economy in terms of ease of doing business, indicating the success of the government’s recent policies. The Egyptian government is gradually lifting energy subsidies in order to match international fuel prices. In order to address the water shortage, the government will invest almost $4.6 billion over the next five years for desert reclamation and agricultural promotion in areas across the country. The Insurance Federation of Egypt has earmarked $2 million for an advertising campaign, targeting individuals and small businesses, to increase the public’s awareness of insurance and its benefits. Total foreign direct investment grew about 40%, while investments abroad by Egyptian companies grew by 130%. The government raised salaries for its 5.5 million employees by 30% to address the fact that salaries hadn’t been commensurate with price increases.
In addition to comprehensive overviews of Egypt's political and macroeconomic situation, the report reviews developments and trends in all the major sectors, including banking, capital markets, insurance, IT and telecoms, industry, energy, real estate and construction, transport, health and education, tourism and agriculture, followed by a valuable legal and accounting section. By the end of the report there is The Guide, which provides a bright look at Egypt's regions and culture, with advice and guidance to the best hotels and restaurants, as well as useful business, government and emergency telephone numbers, links and addresses.
Egypt 2009 will be sold to corporate subscribers in Europe, North America and the Middle East. Produced for international financial institutions, multinational companies and foreign investors, this book is a unique platform with a consistent track record in bringing in foreign investment.
For more information and a closer look at the Egypt pages,
visit www.oxfordbusinessgroup.com
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