Opportunities in Egypt - Kauppayhdistykset Trade Associations

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Opportunities in Egypt - Kauppayhdistykset Trade Associations
Market opportunities in Egypt
Embassy of Finland in Cairo
Commercial Section
January 2016
Why Egypt?
• Market size
– Biggest consumer market in the Middle East
• Demographics
– Young population
– Cheap labor
• Import dependent, consumption driven economy
• Strategic location
Opportunities in Egypt
Yasser Shawky, Jukka Välimaa
04-Feb-16
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Global Competitiveness Index
Opportunities in Egypt
Yasser Shawky, Jukka Välimaa
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Economic forecast 2015-2020
Opportunities in Egypt
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Economic growth
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Economic reforms
• Investments through mega projects
– Suez Canal Economic Zone
– Land reclamation program
– New Capital City project?
• Improvements in investment climate
Opportunities in Egypt
Yasser Shawky, Jukka Välimaa
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Challenges
• Shortage of foreign currency since 2011
• Declining exports, rising trade deficit
• Pressure to impose trade barriers as a response
Opportunities in Egypt
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Foreign exchange reserves
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Foreign trade
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Egyptian exports
Opportunities in Egypt
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Egyptian Imports
Opportunities in Egypt
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Pressure to control the flow of imports
• Currency deposit restrictions since February 2015
• Proposed Decree 992
• New Public Procurement Law
• Some of the proposed measures would violate WTO
standards and EU-Egypt Association Agreement
Opportunities in Egypt
Yasser Shawky, Jukka Välimaa
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Million Euros
Trade between Finland and Egypt 2011-2015
400
350
300
250
200
150
100
50
2011
Exports from Finland 242,781,096
Imports to Finland
28,504,987
2012
2013
2014
343,097,897
24,666,072
256,555,077
22,978,471
302,316,591
18,772,633
Exports from Finland
Opportunities in Egypt
Yasser Shawky, Jukka Välimaa
October
2015
283,932,959
19,420,108
Imports to Finland
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Main Finnish exports
SITCrev4 from 2002-> by Country, Classification of Products SITC4, Flow, Indicators and Timeperiod
Exports by countries of destination
Cum. value (euro) from the beginnig of the year
2011
2012
2013
2014
October
2015
2474 (2007--.) Wood of coniferous species, in the rough
(whether or not stripped of bark or sapwood) or roughly
11,633,103 12,515,261 9,733,328
6,308,356
7,400,457
squared, but not treated with paint, stains or other
preservatives.
2482 (2007--.) Wood of coniferous species, sawn or chipped
lengthwise, sliced or peeled, whether or not planed, sanded 109,835,624 149,000,553 143,703,562 193,868,470 158,113,004
or end-jointed, of a thickness exceeding 6 mm
2515 (2007--.) Chemical wood pulp, soda or sulphate, other
27,431,120 35,726,217 17,369,301 20,473,102 24,699,302
than dissolving grades, semi-bleached or bleached
Opportunities in Egypt
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Market opportunities: mega projects
Suez Canal Zone
Opportunities in Egypt
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Suez Canal Zone Opportunities
• P​orts & Logistics
• Maritime Services
• ICT
• Renewable Energy
• Other industries
Opportunities in Egypt
Yasser Shawky, Jukka Välimaa
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​Port Said (East Container Terminal Port)​​
Development of East Port Said Port
into a major transshipment hub and a
thriving gateway port with a dedicated
multi-modal logistics facility generating
over 105,000 jobs.
4,000 hectares earmarked for light
and medium manufacturing,
commercial and business activities
with the capacity to support
over 80,000 jobs.
New urban areas at East Port Said
and Bardawil City, hosting up to
250,000 residents.
Opportunities in Egypt
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Ismailia
​
The administrative center of the SCZone.
Specialized clusters for R&D activities in both
ICT and renewable energies in Ismailia City
and also in East Ismailia.
Agriprocessing and related logistics
center, dry port and other light manufacturing
activities supported at Qantara.
Development of urban areas at Qantara and
New Ismailia City – capacity to host over
350,000 residents
Opportunities in Egypt
Yasser Shawky, Jukka Välimaa
04-Feb-16
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​Ain Sokhna – Suez
• Creation of one of the largest industrial and port complexes globally.
• Expansion of the ports and logistics facilities at Sokhna and Adabiya,
and establishment of maritime-related activities including
bunkering, ship building and repairs to support over 70,000 jobs.
• Industrial Development of over 16,250 hectares supporting light,
medium and heavy manufacturing activities, as well as
commercial and business activities. Capacity to host over 85,000
jobs.
• Planned new integrated communities at Ain Sokhna and new Suez
City for over 260,000 residents.
Opportunities in Egypt
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Ain Sokhna Port
• 2- Further expansion of the container terminals with
6 berths in the first phase and a maximum berth
length of 2,200m. The capacity of the container yard
capacity is around 21,840TEU ground slots for
reefer and laden containers over an area of
1.39km2 which should allow for a minimum annual
throughput of 5.1 million TEUs .
• 3- Liquid Bulk: expansion of existing liquid bulk
terminals.
• 4- General Cargo and Dry bulk: 3 berths in total with
a maximum length of 2,200m. This includes
provisions for a new large-scale dry berth bulk
capable of supporting 20 million tonnes in the first
phase and potential to expand further in the future.
Opportunities in Egypt
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Development Plan for El Sokhna Port
Opportunities in Egypt
Yasser Shawky, Jukka Välimaa
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Market opportunities: mega projects
Land reclamation project
• Goal: To turn 1.5 million feddans (6,3 million km2) of
desert into agricultural areas
• Market opportunities
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Tractors
Earth-moving equipment
Drilling equipment
Combine Harvesters
Infrastructure
Low-cost housing
Waste management (domestic, agriculture, Hazardous, etc.)
Opportunities in Egypt
Yasser Shawky, Jukka Välimaa
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Market opportunities:
ICT and business parks
• Significant growth in the ICT sector over the past 10 years
• Suez Canal Zone is expected to create over 30,000 jobs in the ICT
sector.
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​Telecommunications and Network Companies
Internet and Multimedia
IT and Software Support Services
BPO and Outsourcing
Consultancy.
• ICT can host over 1,400 companies - both large, SMEs and Startups
Opportunities in Egypt
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Market opportunities:
ICT and business parks
The ICT parks are provisioned to offer:
• Infrastructure
• Value Added Services
Land Available​ for the development of ICT and
research parks:
​65ha in the East Port Said Development Zone;
6 ha at Qantara
155ha in the Ain Sokhna Development Zone​
Opportunities in Egypt
Yasser Shawky, Jukka Välimaa
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Other market opportunities
• Healthcare sector
– Dental technology
– Imaging ( MRI devices, CTs, C-Arm)
– Pharmaceuticals (new molecules, food supplement, veterinary,
etc.)
Opportunities in Egypt
Yasser Shawky, Jukka Välimaa
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