Egypt, 28 July 2010: Egypt's bid to increase the appeal international investors by carving out cluster-zoned industrial developments is mapped out in a wide-ranging report just published by Oxford Business Group (OBG).

The Report: Egypt 2010 explores how the government plans to balance spending, aimed at tackling the effects of the global downturn, with reducing its budget deficit. It also provides comprehensive coverage of the steps Egypt has taken along the path of economic reform, analysing the results of initiatives such as the introduction of Value Added Tax (VAT) and the liberalisation of foreign trade.

The global publishing, research and consultancy firm's report includes a detailed, sector-by-sector guide for investors, together with a wide range of interviews with the most prominent political, economic and business leaders, including Prime Minister Ahmed Nazif, Minister of Finance Youssef Boutros-Ghali and Minister of Investment Mahmoud Mohieldin.

High profile international personalities, such as Secretary-General of the Arab League Amr Moussa, President of the Bank of New York Mellon Corporation Gerald L Hassell and Chairman of the UK Atomic Energy Authority Lady Barbara Judge also give their views on Egypt's economic development.

The Report: Egypt 2010 is produced in partnership with AmCham Egypt, CI CapitalCI Capital, Helmy, Hamza & Partners/Baker & McKenzie and Deloitte - Saleh, Barsoum & Abdel Aziz. The publication charts the resulting effect on the country's financial services sector following the setting up of the Egyptian Financial Services Authority. It provides an insight into the extensive overhaul which the main stock index and exchange have undergone and considers the promising prospects for new listings and IPOs during the coming year after a quiet 2009.

With the government's ambitious plans to boost growth by driving up investment, OBG's new report includes comprehensive coverage of the ambitious expansion plans earmarked for Egypt's industrial sector. It looks in detail at the government's strategy to push sector-specific cluster zones and analyses its plans to boost production and exports in petrochemicals.

As gas production moves centre stage in Egypt's hydrocarbons industry, OBG's new publication outlines the significant developments taking place in the in the energy sector. The Report: Egypt 2010 considers the move to redirect profitable hydrocarbons to export markets, while also highlighting the opportunities set to emerge in renewable energies as the government explores initiatives such as solar thermal plants and wind farms.

With the country in the midst of a construction boom, The Report: Egypt 2010 puts the real estate sector under the microscope in a wide-ranging round table featuring the views of three high-profile players from the industry.

Samih Sawiris, Chairman and CEO of Orascom Development, Maher Maksoud, CEO and Managing Director of Sixth of October Development and Investment and Yasseen Mansour, Chairman and CEO of Palm Hills Developments air their opinions on a range of topical issues. Subjects on the table include the impact of high interest rates on mortgage lending, the challenges of bringing the private sector into the affordable housing market and future trends in property investment.

The Report: Egypt 2010 has been produced in partnership with the American Chamber of Commerce (AMCHAM). Contributions have also been made by Deloitte as OBG's accountancy partner, Baker and McKenzie as its legal partner and CI CapitalCI Capital as partner for capital markets.

Robert Tashima, OBG's Regional Editor, said that Egypt had shown considerable resilience to the challenges of the global downturn by continuing to attract investment and increasing non-oil exports.

"The government's ongoing strategy of fostering free trade agreements is facilitating exports, while reforms such as reducing corporate income taxes and increasing banking supervision are attracting investors," he said. "This multi-pronged approach bodes well for Egypt's bid to boost growth and is explored in detail in our new report on the country's economic activity and investment opportunities."

Tashima also paid tribute to OBG's partners, saying that their contribution had undoubtedly brought an added dimension to The Report: Egypt 2010. "Oxford Business Group values the high level of expertise and local knowledge which our partners have in their field," he said. "As Egypt continues along the road of economic reform and industrial development, I am confident that these exciting developments have been captured in our new report thanks to the valuable input from our partners. By providing us with accurate and comprehensive data, they have enabled us to produce an unrivalled report which members of the international business community will find invaluable when they are making their investment decisions."

The Report: Egypt 2010 marks the culmination of more than six months of field research by a team of analysts from OBG, assessing trends and developments in all major sectors of the economy, including energy, industry, finance, banking, tourism, transport and real estate. It will be available in print form and online.

-Ends-

About Oxford Business Group
Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic and political intelligence on the markets of the Middle East, Africa, Asia, Eastern Europe and the Caribbean. Through its range of print and online products, OBG offers comprehensive and accurate analysis of political, macroeconomic and sectoral developments, including banking, capital markets, insurance, energy, transport, industry and telecoms. The Report: Egypt 2010 is produced in partnership with AmCham Egypt, CI CapitalCI Capital, Helmy, Hamza & Partners/Baker & McKenzie and Deloitte - Saleh, Barsoum & Abdel Aziz.

The critically acclaimed economic, political and business reports have become the leading source of business intelligence on developing countries in the regions they cover. OBG's online economic briefings provide up-to-date in-depth analysis on the issues that matter for tens of thousands of subscribers worldwide. OBG's consultancy arm offers tailor-made market intelligence and advice to firms currently operating in these markets and those looking to enter them.

For more information please contact:
Oxford Business Group
Dubai, PO Box 502 659, Dubai, UAE
Kate Taylor, PR Manager
Phone: +971 44 264 642
E-mail: ktaylor@oxfordbusinessgroup.com

Action UAE, PO Box 20970
Dubai, United Arab Emirates
Tel: +9714 390 2960
Fax: +9714 390 8161

Albert Alba
Mob: +971 50 1367265
Email: albert.a@actionprgroup.com

Melissa Green
Mob: +971 56 6905133
Email: melissa.g@actionprgroup.com

© Press Release 2010

 

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