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Content

• Who We Are

•Economic Situation

•Dynamic Economy

•Foreign Direct Investment in Egypt

•Asian Investments in Egypt

• Japanese Investment in Egypt

•The Way Forward

•Mega Projects

•Suez Canal Project

•North Coast Development Project

•Golden Triangle Project

2


Who We Are

• GAFI is the principal governmental authority concerned with regulating and facilitating and promoting investment and stands ready to assist investors worldwide.

Who are we

• Position Egypt as the location of choice for business and innovation

Vision

• Enabling and sustaining Egypt’s economic growth through investment promotion, facilitation, efficient business services and advocacy of investor friendly policies.

Mission

• Promoting Egypt’s potential sectors; attracting new investments; Greenfield or Expansions. providing services to investors through the “One Stop Shop” in addition to supporting and accelerating the development of competitive and strategic clusters.

Mandate

Economic Situation

4


Dynamic Economy

5

Q3 2013/2014 Q3 2012/2013

Gross Domestic Production 2.5% 2.2%

June 2014 June 2013

Net International Reserves USD 16.7 billion USD 14.9 billion

Q3 2013/2014 2012/2013

Foreign Direct Investment USD 4.7 billion USD 5.2 billion

June 2014 June 2013

Inflation 10.7 % 11.5%

Q2 2014

Unemployment 13.3 %

6

Billion USD

Source: CBE

2.23

4

5.2

4.7

2010-2011 2011-2012 2012-2013 Q3 2013/2014

Total FDI

Foreign Direct Investment


7

Source: CBE

Foreign Direct Investment (Cont’d)

Singapore 7%

Japan 31%

China 30%

Taiwan 1%

India 25%

Korea 6%

Sales

Total Asian FDI to Egypt

2008/2009 – Q3 2013/2014

Country Total FDI

Japan 273

China 261.4

India 223.3

Korea 57.3

Singapore 61.7

Taiwan 7.5

Total 884.2 mn $

8

Source: CBE

Foreign Direct Investment (Cont’d)

44.9

13

27.4 36.7

98.4

52.6

2008/2009 2009/2010 2010/2011 2011/2012 2012/2013 Q3 2013/2014

Japan FDI in Egypt 2008/2009 – Q3 2013 /2014


Key FDIs (2011-14)

9

The Way Forward

10

• Legislative Agenda

• Unified Investment Law

• New Labor Law

• Bankruptcy Law

• Mining Law

• Unified Industry Law

• Unified Company Law

• Continued Tax Reform

• Value Added Tax

• Property Tax

• Incentive Package; linked to priorities of Egypt’s economic development plan (geographical and sectoral)

• Special attention to Power Sector

• Feed-in-tariff

• Power purchase agreement

• Sovereign guarantee

http://www.toyotaegypt.com.eg/index.asp

http://www.m-kagaku.co.jp/index_en.htm


Investment Opportunities

11

Mega Projects (1)

Suez Canal

Corridor Development

project

12

Source: Ministry of Investment

The Silicon Valley

Al-AdabeyyaPort

Al-SokhnaPort

NorthWestofSuez–BayIndustrialZone

EastPort-SaidPort&IndustrialZone

WestPort-saidPortEl-AreeshPort

TechnologyValleyEastofIsmailia


Mega Projects (1)

Objectives: 1. Developing and boosting the national economy of Egypt by making

use of the unique location of the Suez Canal 2. Creating new industrial and logistics centers 3. Generating job opportunities 4. Increase Suez Canal ship traffic

Potential industries within the frame of the project: - Automotive Car Components - Food processing - Electronics - Textile - Ship building and ship maintenance - Distribution and logistics centers - Mining Industries - Pharmaceutical Industries

Suez Canal

Corridor Development

project

13


DAR Al-HANDASA (SHAIR & PARTNERS) is the winner consortium for the project master plan

Golden Triangle

Development Project

14


Mega Projects (2)


• Investment Potential; Infrastructure Projects

• Roads

1. The Red Sea Coastal Road from Suez in the north to

Shalateen in the south

2. Safaga - Qena Road linking the eastern coast to the

new Upper Egypt Desert Road

3. Al Kosair - Keft Road

• Ports

1. Hurghada Port, which is proposed to be used as an

international commercial port

2. Safaga Port, which is an international commercial

port

• Airports

1. Hurghada Airport: located 5 km to the southern west

of the heart of Hurghada.

2. Marsa Alam: located 60 km from Marsa City to the

northern direction in the Red Sea governorate.

3. Luxor Airport: located 6 km to the east of Luxor.

Golden Triangle

Development Project

15


Mega Projects (2)

1. North Coast Development Project

2. A 3200 km New Road Network with total investment of LE 18 billion

3. 8000 MW of Renewable Energy (Solar and Wind) with total investment of LE 14.5 billion during the next year (2014/2015)

Examples of

Other Projects

16


Mega Projects (3)


Other Investment opportunities

3projects with about USD3.9bn worth of investments

18 projects with about USD5bn worth of investments

Electricity &

Energy

Transport

3 projects with about USD9bn worth of investments

Oil & Gas

2 projects with EGP950mn worth of investments

Housing

22 projects with USD2bn worth of investments

Public

Enterprises

6 projects with about EGP 2.8bn worth of investments

Tourism

17


Now; It’s time to invest in Egypt

18


Thank you

19

Mahmoud A. ElMahgoub

Investor Relations Dept. – Asia Region

Tel: +202 240 55 452 Ext: 478

Cell: +20100 30 54 326

Fax: +202 240 55 326

Email: [email protected]

Website: www.gafi.gov.eg

For future inquires, please contact

mailto:[email protected]

http://www.gafi.gov.eg/

copyright(c) 2014 jetro, all rights reserved. · 2015. 2. 22. · 1. hurghada airport: located 5 km...

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