Download EGYPT ITALY

January
2015
EGYPTIAN - ITALIAN
100
ECONOMIC & TRADE
Years
Bilateral Relations
RELATIONS
AN INFOGRAPHIC PRODUCED BY THE ALEXBANK RESEARCH TEAM
EGYPT
ITALY
Capital: Rome
Area: 301,230 km2
Population: 61,7 Mn
GDP: $2.149 Tn
Capital: Cairo
Area: 1.002 Mn km2
Population: 87,6 Mn
GDP: $271.9 Bn
3
The
rd
4
The
largest GDP in both Pan Arab & Africa
th
largest GDP in EU &
8
th
worldwide
BOTH COUNTRIES HAVE SHARED HISTORICAL RELATIONS & AGREEMENTS SINCE:
1975
1914
2001
The 1st Economic &
Technical Cooperation
Agreement
The two countries
exchanged
ambassadors
1st Debt Swap Agreement
to swap part of Egypt’s
debts for development
purposes
2012
2014
Signing of a 3-year action
plan for economic
cooperation & 6 other
developmental agreements
9 investment agreements
signed, for a value of
$500 Mn
ECONOMIC RELATIONS
TOURISM
76K
550K
Italian tourists visited Egypt
(10% of foreign tourism)
Egyptian tourists visited
Italy, as one of their main
destinations in Europe
Source: World Bank
REMITTANCES
210K
Transferring
to their families
$541 Mn
Egyptians are
based in Italy
4K
Transferring
to their families
$5 Mn
Italians are
based in Egypt
Source: World Bank
FOREIGN DIRECT INVESTMENT
Italian companies represent the 3rd largest group of European
investors in Egypt after United Kingdom & Germany.
Regardless of political unrest over the last
3 years, Italian FDI in Egypt reached
Breakdown Of Italian Investments
$281
Mn
Source: Central Bank of Egypt
MEGA DEALS
$1.6 Bn
On 17th October 2006, Sanpaolo IMI Bank paid
to purchase Bank of Alexandria, before merging with Banca Intesa to create the Intesa Sanpaolo Group
OF THE SHARES OF
BANK OF ALEXANDRIA
80%
One Of The Largest Banks In the Private Sector
In October 2001, the Italian Group Italcementi entered the Egyptian market by acquiring
25% of the shares of
Suez Cement
‫اﻟ ﺴ ﻮ ﻳ ﺲ ﻟ ﻸ‬
‫ﻛﺔ‬
‫ﻨﺖ‬
‫ﺳﻤ‬
‫ﺷﺮ‬
In 2005,
Italcementi
raised Its
stake to
40%
Making the Group one of the
largest international investors
in Egypt in a non-oil business.
MAJOR ITALIAN CORPORATIONS IN EGYPT
Albini
DOMINA HOTEL GROUP
G R O U P
TRADE RELATIONS
NO.1European trading partner
Cement
Cotton
Vegetables
Cement
Oil
Volume of Trade
$6 Bn
representing 7.2 % total Egypt’s trade
volume.
In Fiscal year 2013/2014, Egypt recorded
a trade deficit with Italy of
Machinery
$1.6 Bn
ITALY
In May 2010 , the
direct shipping line
was inaugurated
between the ports of
Venice & Alexandria
with the aim of
boosting Egyptian
export capacity to Italy
and other European
markets, with a focus
on agricultural
commodities.
Medical
Equipment
Steel
Products
ITALIAN EGYPTIAN BUSINESS COUNCIL
ITALIAN EGYPTIAN
BUSINESS COUNCIL
a non-profit, non-governmental organization, formed in 2006, to facilitate and
develop economic relations between Italy and Egypt
IEBC 2014 MEETING IN ROME:
9
agreements were
signed between
Egypt & Italy at a
total value of
$500 Mn
in the fields of financing Italian exports, modernizing industry,
energy, car tires manufacturing and consulting services.
The agreements were signed in the presence of over 54
CEO's of Italian and Egyptian companies, under the
auspices of Egyptian President Abdel Fattah El Sisi, during
his visit to Italy, and Italian Prime Minister Matteo Renzi.
A WORLD OF REAL POSSIBILITIES
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