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Consolato Della R. A. D Egitto Ufficio Commerciale Milano EGITTO: incontro sulla normativa tecnica e aggiornamento sulla situazione politica ed economica – PowerPoint PPT presentation

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Consolato Della R. A. DEgitto Ufficio
Commerciale Milano
EGITTO incontro sulla normativa tecnica e
aggiornamento sulla situazione politica ed
economica Nasser Hamed Console per gli Affari
Commerciali Consolato dEgitto a Milano 5
dicembre 2012, Treviso
Doing business in Egypt
Egypt at a Glance
  • GDP growth rates were at 1.8 during FY 2010/2011
    and have reached 2.2 during FY 2011/2012.
  • Net international reserves have decreased to USD
    15.043 Bn. by the end of September 2012.
  • FDI in Egypt recorded a net inflow of around US
    218.0 million against US 2.1 billion). It
    reflected the shift in net investments of the oil
    sector from a net inflow of some US 35.0 million
    in July/March 2010/2011 to a net outflow of US
    2.1 billion in the period under review.
    Meanwhile, net Greenfield investments inched up
    to US 2.0 billion (from US 1.9 billion).
  • Annual Inflation rate has declined to 6.22 in
    September compared to 8.78 in April 2012 and
    9.03 in March.
  • Unemployment rates 12.6 during the 3rd quarter
    of 2011/2012 of which 21.9 were previously
  • Egyptian exports were worth 27 billion during FY
    2011/2012 while imports were worth -58.7 billion
    during the same period.
  • Exchange rate for the USD october 2012 6.10 EGP.

Source CBE
Why Invest in Egypt
  • A sustained growth rate of 7 over the period
    between 2005 and 2008.
  • Despite being affected by the current political
    unrest during the FY 2010/2011 growth rate which
    was 1.8 to drop to 0.2 and 0.4 during Q1 and
    Q2 of FY 2011/12 respectively, Q3 of the same
    year has been a signal of strong recovery to
    record a major increase of 5.2 growth rate.
  • Egypt has a diverse economy.
  • A large population and hence a large consumer
    market where per capita income was at EGP 17.062
    in 2010/2011.
  • At around 26.8 million in Q1 2012, Egypt has the
    largest labor pool in the region with a
    competitive labor cost.

Egypts New Objectives
  • Ensuring macroeconomic stability real growth
    rates reached 2.2 in 2011/12.
  • Reducing inflation with the aim of bringing
    inflation levels closer to those of neighboring
  • Maintaining a flexible exchange rate set by free
    market forces, while avoiding short term
  • Upgrading the quality of government services.
  • Social policy reform through expanding social
    security nets and promoting pro-poor programs
    while reforming the subsidy structure.

Jul - Mar
The Ease of Doing Business
  • Time to establish a company 72 hours
  • One Stop Shops gather all sectors and entities
    dealing with investors.
  • Removing restrictions on minimum capital of
    limited liability companies and reducing
    incorporation fees.
  • Launching the first phase of electronic
    establishment of companies through the internet
    (in Arabic)
  • Property registration fees reduces where cap is
    at EGP 2000
  • Establishing the Egyptian Credit Bureaus
  • 20 flat tax rate, according to the Tax Law No.
    91 of 2005.
  • Reducing the time necessary to register property
    from 72 to 38 days.
  • Introduction of Nilex The regions first small
    cap stock exchange
  • Reducing the average custom tariff to 6.9 while
    tariff items have been reduced to six items only
    (previously 27).

Source CBE
Egypt Competitiveness
Lucrative Returns Await FDI Inflow
  • Egypts competitive advantages make a compelling
    case for increasing FDI in Egypt.

Comparative Electricity Prices
Source AmCham, GAFI Information Center,
Low Cost of Doing Business
  • Competitive tax rates - corporate and personal
    tax rates top out at only 20
  • Developed infrastructure with 15 commercial ports
    in addition to 44 specialized ports to serve
    importers and exporters, an expanding airport
    network catering to both passengers and cargo.
  • An abundance of natural resources and
    competitively priced water, power and gas.

Source CBE, Ministry of Investment
Preferential Access to Key Global Markets
The EU Egypt Association Agreement grants Egypt
preferential access to the EU market of 500
million The EFTA-Egypt Free Trade agreements
grants access to the markets of Iceland,
Liechtenstein, Norway and Switzerland in
industrial and agricultural products. Free duty
access to the US market of 300 million customers
through the QIZ protocol. The COMESA, a common
market for Eastern and Southern Africa creates a
free trade area among the 19 member
states. AGADIR Declaration creates grants Egypt a
free trade zone between Egypt, Morocco, Jordan,
and Tunisia in addition to a rules of origin
advantage. Egypt Turkey free trade
agreement GAFTA ratified by 22 Arab nations,
involving the phasing out of customs and duties
while eliminating non-tariff barriers
Source CBE
Support and Incentives for Investments
  • The process of registering foreign company
    subsidiaries to only three days of processing
  • The time to open foreign representation offices
    3 days while simplifying administrative steps
    related to establishing a business.
  • Enhancing import and export flexibility through
    import and export certificates that are available
    for 3-5 year periods.
  • New facilities for investors include
  • Paying subscription fees to chamber of industry
    and the federation of Egyptian industries at the
    one stop shop
  • Increasing GAFIs processing centers.
  • Lifting the security approval requirement for
    media companies. As well as lifting licensing
    requirements for print publications.
  • An initiative to provide resources for a credit
    risk guarantee program to help develop SMEs and
    help them gain access to bank financing.

Support and Incentives for Investments
  • A stimulus package has been introduced by The
    Ministry of Industry to facilitate investments in
    the industrial sector through
  • Reducing the value of Letters of Guarantee
    required to acquire land from industrial zones.
  • Inspections by the Industrial Development
    Agency(IDA) are to be done upon request by the
    IDA chairman.
  • Enforcing the role of IDA representative offices
    in governorates to issue all required approvals,
    except for land allocation.
  • In case of fulfilling required terms of issuing
    an industrial registry, a permanent industrial
    license is issued and renewed every 5 years.

Support and Incentives for Investments
  • The issuance of Law no. (11) for year 2012 which
    provides incentives for taxpayers on the full or
    partial payment of their deferred income/sales
    taxes, the law is effected on three stages
  • Stage one 25 discount on the investors taxable
    revenue in case of payment before the 31st of
    march 2012.
  • Stage two 15 discount on the investors taxable
    revenue in case of payment before the 30th of
    June 2012.
  • Stage three 10 discount on the investors
    taxable revenue in case of payment before the
    31st of December 2012.
  • The new incentive scheme has actually resulted in
    an increase of 10 to the collected taxes by
    applying only the first stage of the law.

Investor protection
  • There are five investor protection schemes which
    GAFI is currently endorsing

Prior the 25th of Jan. Revolution Investor Care Department established within GAFI to support and guide investors to resolve any conflicts they might face with the different governmental authorities. Disputes Settlement Center established in 2009 for the reconciliation and disputes resolution between business partners. The Investment Disputes Resolutions Committee which GAFI hosts its the technical secretariat.
Post the 25th of Jan. Revolution The Contracts Committee which GAFI is a member of, to resolve any conflict that might arise between the investors and different governmental bodies over previously signed business contracts. Modification of the Investment law No. (8) year 1997 to allow the reconciliation between the investor and the government in the cases of proven fraud.
Preferential Access to Key Global Markets
  • The EU Egypt Association Agreement grants Egypt
    preferential access to the EU market of 500
    million customers.
  • The EFITA Egypt Free Trade Agreements grants
    Egypt access to the markets of Iceland,
    Liechtenstein, Norway and Switzerland in
    industrial and agricultural products.
  • Free duty access to the US market of 300 million
    customers through the QIZ protocol.
  • The COMESA, a common market for Eastern and
    Southern Africa creates a free trade area among
    the 19 member states.
  • Agadir Declaration creates a free trade zone
    between Egypt, Morocco, Jordan, and Tunisia in
    addition to a rules of origin advantage.
  • Egypt Turkey free trade agreement
  • GAFTA ratified by 22 Arab nations, involving the
    phasing out of customs and duties while
    eliminating non-tariff barriers.

Source CBE
Investment Policy Framework
Special Economic Zones Investment Zones Inland Investment Category
5 flat tax rate on personal income tax 10 tax on all activities within the zone 20 40.55 for oil and gas companies 10 years Exemption for Agriculture and animal production activities. 20 40.55 for oil and gas companies 10 years Exemption for Agriculture and animal production activities. Income Tax
None Custom procedures for production input will be administered in the zone Equipment customs are paid in 5-10 years installments 2-32 depending on the product Flat rate of 5 of the value of imported machinery and equipments Import Duties
No duties when exported out of Egypt No duties on domestic components when sold in Egypt 10 of value of non domestic components when sold in Egypt Sales taxes are paid in 5-10 years installments Exported good are tax exempted 5-25 of value of all sale transactions Export Duties and Sales Tax
5 for all salary levels 10-20 depending on salary level 10-20 depending on salary level Payroll Tax
Depending on zone boards decision None None Export Minimum
Egyptian certificate of origin for SEZ based exporters Integrated custom and tax administration, licensing, and dispute settlement Companies established within the investment zones are to enjoy incentives given to both inland and upper Egypt investment regimes. Protection against expropriation and compulsory pricing Full right of profit and dividend repatriation Other Incentives
FDI After the January Uprising
  • 12309 new companies/expansions have taken place
    over the period between January 2011 and june
    2012 with a total capital of USD 10.5 billion,
    providing more than 311272 jobs.
  • Egypts ongoing drive to promote investment
    combined with greater transparency and a broader
    ownership of the national economic reform agenda
    will leverage Egypts inherent strengths.
  • BP is expected to invest USD 11 billion, GE to
    invest EUR303 million, Italys ENI to invest USD
    18 billion, while Qatar is to launch two
    mega-projects worth more than USD 9 billion of
    investments and providing 1.2 million job

FDI in Egypt Today
  • Pegas Nonwovens SA (PEGAS), a Czech maker of
    special textiles used in hygiene products and
    health care
  • GlaxoSmithKline plc announced that it will invest
    US 84.7 million in Egypts healthcare sector
    over five years to expand its product portfolio
  • Al-Futtaim Group will invest about US 300
    million in 2012 to continue construction of
    Cairo Festival City project.
  • In April 2011, the Kuwait Investment Authority
    (KIA), set up a company worth 1 billion in
    capital to invest in Egypt's stock market
  • Electrolux, the Swedish appliance company,
    acquired a 52 percent stake in Egypts Olympic
    Group at a cost of US 350 million.
  • The Turkish company KCG announcement to raise its
    investments in Egypt by establishing 3 new
    projects valued at USD400 million in the
    textiles, electricity generation, and mining in
  • The Indonesian company Multistrada announced
    establishing a tire factory in partnership with
    an Egyptian manufacturer, the project value is
    USD320 million.

FDI in Egypt Today
  • In April, 2011, China Development Bank signed a
    memorandum of understanding and cooperation with
    Commercial International Bank and Commercial
    International Investment Company in Egypt to
    cooperate in infrastructure and loans for SMEs.
  • In July, 2011, the Egyptian Hydrocarbon Company
    (EHC) was established with paid-up capital of
    USD150 million the first private sector
    industrial project to be implemented in Egypt at
    international prices with no subsidies. Total
    investments of the project are USD454 million.
  • In June 2011, Cisco announced it will invest
    USD10 million. The venture capital investment
    will be targeted at high-potential small
    businesses that provide innovative products and
  • The Turkish group Limak to carry out
    enhancement capacity project of Terminal 3 in
    Cairo International Airport with investments
    worth USD387 million.
  • The Indian company Dhunseri petrochemicals Ltd.
    established a 160 million dollars company in
    Sharkyia governorate in the field of plastic
    production providing 500 job opportunities
  • The Malaysian Islamic Finance company, AMANI ,
    announced the establishment of a USD 500M fund.

Bedaya Center for Small and Medium Investments
  • Establishment
  • Bedaya Center for Small and Medium Investments
    was established in January 2010 and aims to
    implement GAFIs strategy of developing small and
    medium investments.
  • Mission
  • To support the growth and development of the
    small and medium investments in Egypt in line
    with the national strategy towards create new
    sustainable jobs while raising economic
    development indicators.

Bedaya Center for Small and Medium Investments
  • The Pillars of SMI Strategy
  • Facilitating SMEs access to finance Through
    establishing a EGP 1 billion private
    equity/venture capital fund while assisting and
    supporting SMEs in accessing required credit
    guarantees to enhance their chances in accessing
  • Providing business development servicesNon
    financial technical support that includes easing
    technology transfer, introducing investment
    opportunities and providing technical training
    for entrepreneurs to acquire the necessary
    skills. Creating clinics for fostering SME growth
    during the first five years of their lifetime.
  • Promoting entrepreneurship activitiesThrough a
    process of selection of projects based on
    creativity, value added and initial viability and
    providing the necessary support.
  • Integrating SMEs in the supply chain of large
    companiesEnabling SMEs to play a more active
    role in the supply chains of big corporations and
    gaining access to bigger, more sustainable
    markets and hence changing the Corporate-SME
    relationship to a win-win relationship.

EgyptItalyTrade Investment
Bilateral Trade(Egypt-Italy)
Million Euro
Mutation 2012 Jan-August 2011 2010 2009 Category Year
46.2 953.3 1319 902 772.3 Petroleum Egyptian Exports
20.8 677.1 1209 1000.3 669.8 Non Petroleum Egyptian Exports
32.8 1630.4 2528 1902.3 1442.1 Total Total
-11.8 1819.7 2589.8 2939.6 2603 Egyptian Imports Egyptian Imports
5.7 3450.1 5117.8 4841.6 4045.1 Trade Volume Trade Volume
-94 -189.3 -61.8 -1037.3 -1160.1 Trade Balance Trade Balance
Egyptian Exports (2010-2011)(Million Euro)
Mutation 2011 2010 Sectors
46.2 1319 902 Oil Gas
29.2 219.5 169.8 Aluminum
16.1 114.1 98.2 Textiles ready made garments
57.3 112.5 71.5 Fertilizers
61.8 105 64.9 Chemicals
16.2 86.5 79.6 Agricultural Products
55 61.2 39.5 Food Industries
20 24.5 17.1 Engineering Products
Priority Sectors and Clusters
  • The energy sector is enormous, the government
    sector is encouraging foreign investment in the
    sector where natural gas is the evermore
    important revenue generator.
  • 63 new explorations were made in the FY 2009/10
    while 11 new ones were made in Q1 2010/11.
  • Natural gas production recorded a decrease of
    3.4 in Q1 2010/11 while that of crude oil
    recorded a an increase of 2.3 during the same
    quarter compared to Q1 of 2009/10.
  • Domestic consumption of petroleum products
    increased by 7 during Q1 2010/11 compared to the
    same period of the previous year.

Production of Natural gas, crude petroleum and
petrochemicals Ministry of Petroleum
Source ECHEM
Priority Sectors and Clusters
  • One of the most vibrant sectors in Egypt.
  • Egypt is home to many regional offices of large
    multinational companies such as Microsoft,
    Oracle, France telecom and Intel.
  • Total investments in ICT amounted to 1.8 and
    1.0 of total implemented investments in FY
    2010/2011 and FY 2011/2012 respectively.
  • Internet users in Egypt increased by 29.6 during
    Q1 of FY 2010/2011 compared to the same period of
    the previous year.
  • Annual growth rate of the ICT sector is 9 in the
    Q3 FY 2011/2012

Indicators for the ICT Sector April 2012 Ministry of CIT Indicators for the ICT Sector April 2012 Ministry of CIT
Number of subscribers to fixed lines (mn) 8.57
Total capacity of telephone exchanges (mn line) 14.62
Number of subscribers to cellular phones (mn) 91.92
International Internet bandwidth (Gbps) 183.2
Internet Users (mn) 30.9
Priority Sectors and Clusters
  • The healthcare sector is an important growth
    sector, the core areas of investment include
    private hospitals, health tourism,
    pharmaceuticals, rural healthcare and continuing
    education programs.
  • Egypt is home to the largest trained workforce in
    the region such that 10,000 medical school
    graduates graduate annually, more doctors and
    pharmacists than any other country in the Middle
  • High doctor to patient ratio such that in 2008,
    Egypt recorded 6.68 physicians, 14.54 nursing
    staff per thousand patients in addition to 1.18
    dentists and 1.59 pharmacists.
  • Upgrade of the national healthcare system, the
    government aims to spend 11 of GDP on healthcare
    to upgrade the national universal healthcare
    system, an amount that is expected to reach 44.8
    of total government expenditure in 2012.

Source Ministry of Economic Development, CAPMAS
Priority Sectors and Clusters
  • The Egyptian government aims to transform the
    countrys infrastructure to a booming sector
    through raising infrastructure spending such that
    EGP 30 billion were added in the March, 2011
    stimulus package.
  • There are currently 4 utilities projects among 7
    PPP projects.
  • The Electricity Sector
  • Total investments reached EGP 13.4 billion during
    FY 2009/10, and EGP 2.5 billion during Q1 FY
  • The rate of growth of the electricity sector has
    reached 8 in Q1 of FY 2010/11, with a 6.9
    increase in consumption during the same period.

Source GAFI
Priority Sectors and Clusters
  • Egypt is open to foreign participation in higher
    education and training in order to meet the
    demands of the global market place.
  • The government plans to raise the percentage of
    Egyptians enrolled in university and technical
    education to 50 which required an additional 120
    university and technical/vocational institutes.
  • The government aims to build 2,500 public schools
    of which 1,400 are to be build through PPP.
  • Of the multilingual workforce of more than
    332,000 university graduates in 2009/10 41,000
    were specialized in education.

Priority Sectors and Clusters
  • The Industrial Sector
  • The sector represents an important and advanced
    rank in the national economy and is strongly
    interrelated with several production and service
    sectors along with boosting foreign trade and
    improving the balance of payments.
  • The sector amounts to 6.3 of growth rates during
    Q1 of FY 2010/11 compared to 4.9 during the same
    period of the previous year.
  • Total investments are worth EGP 25.5 billion and
    EGP 8.8 billion were poured into the industrial
    sector during FY 2009/10 and Q1 of FY 2010/11

Egypt Auto Industry
  • Strengths
  • Egypt has one of the few production bases in the
  • Strong domestic production industry - 65 of
    local sales are Egyptian-built
  • Foreign investment continues to flow into the
    industry, as Nissan pledges US100mn for a
    recently acquired plant and Toyota plans a new
    service centre and showroom
  • Opportunities
  • Trade tariff reform between Egypt and the EU will
    open the market for more overseas manufacturers
    and expand export opportunities for domestic
  • Nissan, BMW and Toyota are all increasing their
    presence in the country
  • Government drives to convert cars to natural gas
    will provide opportunities for manufacturers of
    green vehicles
  • The sector has plenty of growth potential due to
    the population of 83mn and strong rates of
    foreign investment.

Egypt Auto Industry
Egypt Auto Industry
Egypt Petrochemicals Industry
  • Strengths
  • Egypts abundant natural gas reserves provide a
    competitive advantage in terms of petrochemicals
  • Egypt is relatively low risk in commercial and
    political terms, and offers competitive labour
    costs and tax exemptions
  • It has a well-established fertiliser sector
  • It is well-placed to export to Europe
  • The Ministry of Trade Industry is working
    towards improving trade relations worldwide,
    protecting the rights of exporters and, above
    all, sustaining Egypts exports to foreign
  • Opportunities
  • The government has launched a 20-year US20bn
    petrochemicals development plan
  • The sector is due to expand rapidly
    petrochemicals output should grow substantially
    in the coming years if all the projects go ahead
    as planned
  • There is the prospect of large-scale fertiliser
    and petrochemicals developments based on the
    countrys gas reserves
  • Early privatisation efforts, involving initial
    public offerings (IPOs) of successful companies,
    have generated encouraging results and are likely
    to promote investment

Egypt Petrochemicals Industry
Egypt Petrochemicals Industry
  • The Egyptian petrochemicals sector
    represents about 12 of total industrial
    production and is worth around US7bn, or just 3
    of total GDP.
  • Egypts chemical and petrochemical exports
    totaled US10bn in 2008, according to Egypts
    Chemical and Fertilisers Export Council.
  • In 2002, the Egyptian government launched
    a 20-year programme to increase investment in the
    petrochemicals sector to US4.5bn. Overall, the
    government wants to see 24 new petrochemical
    production facilities built, which will produce
    15mn tonnes by 2022 and generate revenues of
    around US7bn per annum. It expects these
    projects to create up to 100,000 new jobs.

Egypt Pharmaceuticals Sector
  • Strengths
  • Gateway to other emerging and, many of which are
    less penetrable Middle Eastern, Asian and African
  • Well-established manufacturing industry, with
    about 30 local drug makers privately owned,
    focusing on high volume basic medicines
  • Local production accounting for about two-thirds
    of the drug market
  • Low labor costs and a large pool of highly
    trained doctors, pharmacists, engineers and
    skilled technicians
  • Opportunities
  • Sector modernization, with plans to increase
    healthcare insurance coverage
  • Currently high consumption level allows for high
    growth potential
  • Potential for generic sector growth as the
    government becomes increasingly cost-conscious
  • Potential liberalization of the retail pharmacy
  • Implementation of a new, faster drug registration
  • A growing number of free trade agreements (FTAs)
  • Government finally deciding to raise prices of
    drugs to compensate for increased costs of raw

Egypt Pharmaceuticals Sector
Egypt Pharmaceuticals Sector
Egypt Pharmaceuticals Sector
Egypt Infrastructure Industry
  • Strengths
  • The government has ambitious plans to transform
    the countrys infrastructure, which include
    several mega-projects such as the US9.5bn
    refinery and petrochemical plant at
    Kafr-al-Shaikh, and US8.7bn container terminal
    at EasternPort Said.
  • Egypt has had one of the fastest-growing
    infrastructure sectors in the world, covering all
    segments including transport, tourism,
    commercial, industrial, etc.
  • Opportunities
  • A growing number of visitors drawn to a
    relatively cheap country means there is the
    potential to build more hotels and resort areas
  • There is a strong demand for housing in Egypt
    increasing population and urbanisation has
    resulted in the government undertaking major
    urban planning programmes
  • Raw material costs are falling due to the global
    economic downturn

Egypt Infrastructure Industry
Egypt Infrastructure Industry
Egypt Textile Industry
  • The Textile industry contributes with one
    quarter of Egypts non-oil export proceeds.
  • The public sector accounts for 90 of cotton
    spinning, 60 of fabric production and 30 of
    apparel production in Egypt.
  • The private sector apparel industry is one of
    the most dynamic manufacturing processes in
  • Egyptian wage levels in the Textile industry are
    among the lowest in the world, not exceeding one
    Dollar per hour.
  • Cotton textiles comprise the bulk of Egypts TC
    export basket
  • Egypt is the second largest MENA exporter of
    Textile products to the US, with woven apparel as
    the largest category.
  • MFN treatment grants Egypt the lowest entry
    rates as mandated by US commitment to the WTO.

Investment opportunities
Mega Projects
1. East Port Said
  • GAFI is adopting this project through the Mega
    Projects Unit in order to achieve the vision to
    support investment projects in various fields.
  • The integrated development of East Port Said
    opens prospects for new development outside the
    Nile Valley and Delta, and contributes to the
    re-distribution of Egypt's population over the
    next 30 years.
  • The development is in alignment with the
    implementation of the Sinai strategy.
  • East Port Said Port - one of the most important
    ports to the major hub in the Mediterranean
    region is expected to be largest during the
  • New urban city (millions) in Port Said - The
    total area has about 36 thousand acres.
  • The industrial area east of Port Said - largest
    industrial area in Egypt 87 km 2 (20,700 acres).
  • Agriculture area- reclamation of 60 acres in sahl
    El-tena region.
  • Other projects ( sues canal tunnel in port said -
    electric train crossing the Suez Canal).

???? ????????? ??????? ???????? ???PPP ??????
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Mega Projects
2. Upper Egypt- Red Sea Road (Sohag / Safaga)
  • Upper Egypt-Red Sea Company was established in
    November 2008 under the law of the Investment
    Guarantees and Incentives No. 8 for the year
    1997. 200,000 acres of land were allocated to
    the company, under the Decree No. 356 of 2008
  • Key projects include an integrated residential
    city on an area of ?4,300 acres to provide 24,000
    housing units.
  • Other projects includea) Three dry ports in the
    governorates Assiut, Sohag ,Red Sea east ,Qana
    b) A sea water desalination plant powered by
    solar or normal power, and serves the coast line
    from a source of sea water wells .

3. Special Economic Zones North West Suez Canal
Mega Projects
  • Project Description
  • Area of 16.4 Km2 North East Suez Canal Special
    Economic Zone (Sokhna). Attract the private
    sector to develop the first phase of the project
    with an area of 6.8 Km2 to manage, operate and
    maintain the infrastructure and utilities, and
    promote the Zone
  • Sponsor
  • The General Authority for Investment
  • Investment Cost
  • 800 Million pounds
  • Status
  • The Chinese Company TIDA has been contracted
    for developing phase one of the project

4. Alexandria Medical City
Mega Projects
  • GAFI is adopting a project to establish a Medical
    City in Alexandria through the Mega Projects Unit
    in order to achieve the vision to support
    investment projects in the medical field by
    coordinating efforts between them and the
    Alexandria Governorate and the Ministry of
  • The project is located on a 500 acre lot, at a
    prime location, at the entrance of Alexandria on
    Cairo-Alex desert road.
  • Alexandria governorate will avail the land under
    a usufruct arrangement.
  • The project will include specialized hospitals,
    emergency centers, wellness facilities,
    administrative areas, and clinics. In addition to
    commercial and hospitality developments.
  • Anticipated investments of the project are around
    8 Billion LE.
  • Project Sponsor General Authority for
    Investment / Alexandria governorate.
  • Proposed Investment Mechanism Investment Zone.

PPP Projects
S Sector / Projects Project details Status Expected Request for Tendering Expected Financial Closure

1 Abbasyya Square Multi-Story Car Parking Construction of garage below the surface of the ground station and integrated mass transit In Abbasyya Square, Cairo governorate According to BOT system, area about 7800m2 Feasibility studies are being updated for tendering Submitting offers 22/4/2012 ____
2 Saray Alqubba Multi-Story Car Parking Construction of garage below the surface of the ground station and integrated mass transit In front of Saray Alqubba metro station, Cairo governorate According to BOT system Feasibility studies are being updated for tendering Submitting offers 26/4/2012 ?????????
3 Abu Rawash Wastewater plant Upgrading level of treatment from primary to secondary treatment for the whole capacity of the existing wastewater plant 1,200,000 m3/d 5 Consortia have been qualified on March 2010 Q4/2010 Q4/2011
Roads Highways
4 Rod El Farag access Construction, operation and maintenance of Rod el Farag access. The project will connect the existing ring road around Cairo with Cairo - Alexandria highway, with total length of 34 km. Feasibility studies are being updated for tendering within the coming month Q4/2010 Q4/2011
PPP Projects
  • Planned projects
  • These projects are being studied at the PPP
    central unit and are expected to be tendered
    within the first quarter of the FY 2012/2013

Roads Highways
Shobra-Banhaa Free way An MOU has been singed with the national bank of Egypt to implement the remaining financial and economical studies of the project and evaluate the available different sources of finance .
Smart village in Maadi
Safaga Industrial port.
Waste management
Four projects in electricity generation from waste in four governorates Cairo, Alexandria, one in Delta and another in Upper Egypt - to be determined. Recycling agricultural waste for fertilizers production and befouls.
The General Authority for Investment and Free
Who We Are GAFI is the principal governmental
authority concerned with regulating and
facilitating investment and stands ready to
assist investors worldwide. Vision Position
Egypt as the location of choice for business and
innovation Mission Enabling and sustaining
Egypts economic growth through investment
promotion, facilitation, efficient business
services and advocacy of investor friendly
policies. Mandates Promoting Egypts potential
sectors while attracting new investments and
promoting reinvestments and expansions.
Facilitating and providing services to investors
through the One Stop Shop in addition to
supporting and accelerating the development of
competitive and strategic clusters. Contact
GAFI www.gafinet.org
Thank you
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