Download Doing Business in Egypt

COMMERCIAL SECTION
EMBASSY
OF THE ARAB REPUBLIC OF EGYPT
Prague
Doing Business in Egypt
Facts & Figures
Doing Business in Egypt: Egypt the Future
24th of February, 2015
Technology Centre ASCR , EEN
Introduction
In 2014 the government has developed a plan centered on
structural reforms and investment promotion to raise growth
and create jobs, and fiscal adjustment to bring the budget
deficit and public debt under control.
Within this context the government has already begun to
implement fuel subsidy reform.
It also begun the reforms needed to raise tax revenue and to
make Egypt a more attractive destination for investment.
The government's objectives are ambitious and are broadly
within reach with steady policy implementation aiming to:
raise growth to 6 % per annum
reduce annual inflation to 7 %
bring down the fiscal deficit to 8 – 8.5 % of GDP and debt to
80-85 % of GDP
and increase foreign exchange reserves
all within the next five years
Doing Business in Egypt: Egypt the Future
24th of February, 2015
Doing Business in Egypt: Egypt the Future
24th of February, 2015
Doing Business in Egypt: Egypt the Future
24th of February, 2015
Doing Business in Egypt: Egypt the Future
24th of February, 2015
Doing Business in Egypt: Egypt the Future
24th of February, 2015
Egypt-- CR Contractual Framework
Egypt
The bilateral relations between Egypt and the Czech Republic are organized within the framework of
the Egyptian-EU Partnership Agreement since 1/5/2004. In addition, both countries have signed
several agreements to protect and ensure the flow of trade and investment activities among each
others, these agreements include:
Agreement
Date
Agreement on the Protection and the
Attraction of Investment
29/5/1993
Subject to further negotiation under the EU Deep
Integration Policy
Agreement on the Prevention of Double
Taxation
19/1/1995
Subject to further negotiation under the EU Deep
Integration Policy
Cooperation Agreement Between EGAP
and Export Develop Bank of Egypt
3/12/2001
Cooperation Agreement Between Czech
Export Bank and Export Develop Bank of
Egypt
2/4/2012
Doing Business in Egypt: Egypt the Future
24th of February, 2015
Egypt CR Bilateral Trade Relations
Total Egyptian Exports to CR in 2014:
72.4 Million Euros
Total Egyptian Exports to CR in 2013:
70.2 Million Euros
Total Egyptian Imports from CR in 2014:
342 Million Euros
Total Egyptian Imports from CR in 2013
215 Million Euros
Trade volume in 2013: 285.2 Million Euros
Trade volume in 2014: 414.4 Million Euros
Top 10 Egyptian Exports
to CR in 2014
Top 10 Egyptian Imports
from CR in 2014
Wool
1%
Electrical Machinery &
Equipments and Their parts
Wadding, Felt and
nonwovens
17%
23%
3%
Vehicles
1%
2%
Machinery and Equipments
2%
Electrical Machinery and
Equipments
Arms and Ammunition
8%
Cotton
2%
3%
Miscellanious Chemical
Products
3%
Articles of Apparel and
Clothing accessories
4%
Articles of Iron and Steel
Glass and Glassware
5%
Edible Fruits and Nuts
5%
16%
6%
6%
Edible Vegetables
7%
8%
55%
Articles of Apparel and
Clothing
9%
14%
Railway or Tramway
Locomotives
Sugar and Sugar Confectionary
Plastics and Articles thereof
Carpets and Floor coverings
Rubber and Articles thereof
others
others
Doing Business in Egypt: Egypt the Future
24th of February, 2015
Egypt Inward Investment
Total FDI in Egypt till
30/11/2014, of which
USD $52.4 billion paid in
capital, of which:
Country rank among
countries investing in
Egypt
United Kingdom
USD $ 5.4 billion
2nd
The Netherlands
USD $ 2.5 billion
6th
Italy
USD $ 1.5 billion
10th
France
USD $ 1.3 billion
12th
Spain
USD $ 943.5 million
15th
Switzerland
USD $ 768.9 million
16th
Greece
USD $ 613.2 million
19th
Belgium
USD $ 455.6 million
25th
Luxemburg
USD $ 266.2 million
29th
Sweden
USD $ 258.3 million
30th
Cyprus
USD $ 246.9 million
31st
Czech Republic
USD $
60th
Doing Business in Egypt: Egypt the Future
24.2 million
24th of February, 2015
Projects to be announced during EEDC
Doing Business in Egypt: Egypt the Future
24th of February, 2015
Doing Business in Egypt: Egypt the Future
24th of February, 2015
http://www.egyptthefuture.com
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