copyright(c) 2014 jetro, all rights reserved. · 2015. 2. 22. · 1. hurghada airport: located 5 km...
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Copyright(C) 2014 JETRO, All rights reserved. 禁無断転載
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
Copyright(C) 2014 JETRO, All rights reserved. 禁無断転載
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
Copyright(C) 2014 JETRO, All rights reserved. 禁無断転載
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
Copyright(C) 2014 JETRO, All rights reserved. 禁無断転載
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
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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
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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
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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
Source: Ministry of Investment
DAR Al-HANDASA (SHAIR & PARTNERS) is the winner consortium for the project master plan
Golden Triangle
Development Project
14
Source: Ministry of Investment
Mega Projects (2)
Copyright(C) 2014 JETRO, All rights reserved. 禁無断転載
• 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
Source: Ministry of Investment
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
Source: Ministry of Investment
Mega Projects (3)
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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
Source: Ministry of Investment
Now; It’s time to invest in Egypt
18
Copyright(C) 2014 JETRO, All rights reserved. 禁無断転載
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: mmahgoub@gafinet.org
Website: www.gafi.gov.eg
For future inquires, please contact
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