Consolato Della R. A. D’Egitto Ufficio Commerciale Milano

Consolato Della R. A. D’Egitto Ufficio Commerciale

Milano

EGITTO: incontro sulla normativa tecnica e aggiornamento sulla situazione politica ed

economica

Nasser HamedConsole per gli Affari Commerciali

Consolato d’Egitto a Milano

5 dicembre 2012, Treviso

Doing business in Egypt

2

Egypt at a Glance

Source: CBE

• 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 employed.

• 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.

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.

Egypt’s 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 countries.

• Maintaining a flexible exchange rate set by free

market forces, while avoiding short term volatility.

• 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 - M

ar

The Ease of Doing Business

Source: CBE

• 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 (i-score)

• 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 region’s 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: AmCham, GAFI Information Center,

Egypt’s competitive advantages make a compelling case for increasing FDI in Egypt.

Lucrative Returns Await FDI Inflow

Comparative Electricity Prices

Competitive Manufacturing

Costs

Access to Export

Markets

Large Domestic Market

Government policy

Strategic Location

Comparative Wages

Egypt India Tunisia Turkey

0.5

0.7

1.2

1.6Wages compared to Egypt in US$/ hr

Egypt Turkey India Tunisia

4

7

810Electricity prices compared to

Egypt (Cents KWatt/ hr)

Egypt: Competitiveness

Low Cost of Doing Business

Source: CBE, Ministry of Investment

• 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.

Preferential Access to Key Global Markets

Source: CBE

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 agreementGAFTA: ratified by 22 Arab nations, involving

the phasing out of customs and duties while eliminating non-tariff barriers

• The process of registering foreign company subsidiaries to only three days of processing time.

• 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 GAFI’s 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.


• 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.


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

Prior the 25th of Jan. Revolution

1. Investor Care Department: established within GAFI to support and guide

investors to resolve any conflicts they might face with the different

governmental authorities.

2. Disputes Settlement Center: established in 2009 for the reconciliation

and disputes resolution between business partners.

3. The Investment Disputes Resolutions Committee: which GAFI hosts its

the technical secretariat.

Post the 25th of Jan. Revolution

4. 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.

5. 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

Source: CBE

• 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.

Category Inland Investment Investment Zones Special Economic Zones

Income Tax

• 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.

• 5% flat tax rate on personal income tax

• 10% tax on all activities within the zone

Import Duties

• 2-32% depending on the product• Flat rate of 5% of the value of

imported machinery and equipments

• Custom procedures for production input will be administered in the zone

• Equipment customs are paid in 5-10 years installments

None

Export Duties and Sales Tax

• 5-25% of value of all sale transactions

• Sales taxes are paid in 5-10 years installments

• Exported good are tax exempted

• 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

Payroll Tax • 10-20% depending on salary level

• 10-20% depending on salary level

• 5% for all salary levels

Export Minimum None None

•Depending on zone board’s decision

Other Incentives

• Protection against expropriation and compulsory pricing

• Full right of profit and dividend repatriation

• Companies established within the investment zones are to enjoy incentives given to both inland and upper Egypt investment regimes.

• Egyptian certificate of origin for SEZ based exporters

• Integrated custom and tax administration, licensing, and dispute settlement

Investment Policy Framework

• 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.

• Egypt’s ongoing drive to promote investment combined with greater transparency and a broader ownership of the national economic reform agenda will leverage Egypt’s inherent strengths.

• BP is expected to invest USD 11 billion, GE to invest EUR303 million, Italy’s 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 opportunities.

FDI After the January Uprising

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 Egypt’s 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 Egypt’s

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 Sinai.

• 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 services.

• 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 (SMIs)Establishment

Bedaya Center for Small and Medium Investments was established in January

2010 and aims to implement GAFI’s 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 (SMIs)

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 credit.

Providing business development services:Non 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 activities:Through 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 companies:Enabling 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.

Egypt&ItalyTrade & Investment

Bilateral Trade(Egypt-Italy)

Year Category 2009 2010 2011 2012Jan-August Mutation

Egyptian Exports

Petroleum 772.3 902 1319 953.3 +46.2%

Non Petroleum 669.8 1000.3 1209 677.1 +20.8%

Total 1442.1 1902.3 2528 1630.4 +32.8%

Egyptian Imports 2603 2939.6 2589.8 1819.7 -11.8%

Trade Volume 4045.1 4841.6 5117.8 3450.1 +5.7%

Trade Balance -1160.1 -1037.3 -61.8 -189.3 -94%

Source:ISTAT

Million Euro

Egyptian Exports (2010-2011)(Million Euro)

Sectors 2010 2011 Mutation

Oil & Gas 902 1319 46.2%+

Aluminum 169.8 219.5 29.2+

Textiles &ready made garments 98.2 114.1 16.1 +

Fertilizers 71.5 112.5 +57.3

Chemicals 64.9 105 61.8+

Agricultural Products 79.6 86.5 +16.2

Food Industries 39.5 61.2 55+

Engineering Products 17.1 24.5 20%+

Source:ISTAT

Source:ECHEM

• 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.

Priority Sectors and Clusters

Production of Natural gas, crude petroleum and petrochemicals – Ministry of Petroleum

Source: ITIDA; BMI; MCIT


• 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

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

Source:Ministry of Economic Development, CAPMAS


• 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 East.

• 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: GAFI


• The Egyptian government aims to transform the country’s 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 2010/11.

• 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.


• 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.


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 respectively.

Egypt Auto Industry

Strengths:

Egypt has one of the few production bases in the regionStrong domestic production industry − 65% of local sales are Egyptian-builtForeign investment continues to flow into the industry, as Nissan pledges US$100mn 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 producers.Nissan, BMW and Toyota are all increasing their presence in the countryGovernment drives to convert cars to natural gas will provide opportunities for manufacturers of ‘green’ vehiclesThe sector has plenty of growth potential due to the population of 83mn and strong rates of foreign investment.

Egypt Auto Industry

Egypt Petrochemicals Industry

Strengths:

Egypt’s abundant natural gas reserves provide a competitive advantage in terms of petrochemicals production

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 Egypt’s exports to foreign markets

Opportunities:

The government has launched a 20-year US$20bn 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 country’s gas reserves

Early privatisation efforts, involving initial public offerings (IPOs) of successful companies, have generated encouraging results and are likely to promote investment

The Egyptian petrochemicals sector represents about 12% of total industrial production and is worth around US$7bn, or just 3% of total GDP.

Egypt’s chemical and petrochemical exports totaled US$10bn in 2008, according to Egypt’s Chemical and Fertilisers Export Council.

In 2002, the Egyptian government launched a 20-year programme to increase investment in the petrochemicals sector to US$4.5bn. Overall, the government wants to see 24 new petrochemical production facilities built, which will produce 15mn tonnes by 2022 and generate revenues of around US$7bn 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 marketsWell-established manufacturing industry, with about 30 local drug makers privately owned, focusing on high volume basic medicinesLocal production accounting for about two-thirds of the drug marketLow labor costs and a large pool of highly trained doctors, pharmacists, engineers and skilled techniciansOpportunities:Sector modernization, with plans to increase healthcare insurance coverageCurrently high consumption level allows for high growth potentialPotential for generic sector growth as the government becomes increasingly cost-consciousPotential liberalization of the retail pharmacy sectorImplementation of a new, faster drug registration processA growing number of free trade agreements (FTAs)Government finally deciding to raise prices of drugs to compensate for increased costs of raw materials

Egypt Pharmaceuticals Sector

Egypt Infrastructure Industry

Strengths:

The government has ambitious plans to transform the country’s infrastructure, which include several mega-projects such as the US$9.5bn refinery and petrochemical plant at Kafr-al-Shaikh, and US$8.7bn 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 Textile Industry

INDUSTRY HIGHLIGHTS:

• The Textile industry contributes with one quarter of Egypt’s 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 Egypt.

• 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 Egypt’s 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.

1 .East Port Said

الـ ومشروعات القومية المشروعات العامة– PPPوحدة الهيئةلالستثمار

• 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 years.

• 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).

Mega Projects Investment opportunities

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 include:a) 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 .

Urban Communitie

s

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

3. Special Economic Zones North West Suez Canal

Mega Projects

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 Health.

• 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.

S Sector / Projects Project details StatusExpectedRequest forTendering

Expected FinancialClosure

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 ____

2Saray 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 ـــــــــ

Utilities

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

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

1. 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 .

CIT

1. Smart village in Maadi

Ports

1. Safaga Industrial port.

Waste management

1. Four projects in electricity generation from waste in four governorates: Cairo, Alexandria, one in Delta and another in Upper Egypt - to be determined.

2. Recycling agricultural waste for fertilizers production and befouls.

The General Authority for Investment and Free ZonesWho 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 innovationMission:Enabling and sustaining Egypt’s economic growth through investment promotion, facilitation, efficient business services and advocacy of investor friendly policies.Mandates:Promoting Egypt’s 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

Consolato Della R. A. D’Egitto Ufficio Commerciale Milano

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