Egyptian Embassy Ankara - Commercial Office Page

Embassy Of The Arab Republic of Egypt Ankara - TURKEY

H.E. Ambassador Dr. Alaa EL HADIDI launched the campaign under the title "Egypt opens its doors for investment".He cited Egypt's strategic geographical position, large and growing local market, trained labor force, cheap labor and energy and raw materials as some or the factors that attract investors to Egypt.

The Commercial Office of Embassy of The Arab Republic of Egypt

The Commercial Office of Embassy of The Arab Republic of Egypt in Istanbul is a specialized reference facility about investment in Egypt. Our goal is to provide you with free, comprehensive and authoritative information about Egypt, its people and its policies.

If you need information about Investment in Egypt, please feel free to contact us by phone, fax or email, you are also welcome to visit us for personal assistance concerning investment matters by taking an appointment in advace.

Phone Number

Fax Number

email add.

Address

: + 90 212 351 0233 - 2 Lines

: + 90 212 351 8934

: commerce@egyptturkey.com

: Nispetiye Caddesi No. 15

: Seyran Apt. Kat 3 Daire B

: Etiler / Istanbul

INVESTMENT IN EGYPT

It is quite obvious that investments in Egypt have witnessed great achievements during the year 2007 at both local and international levels. The Investment climate, in fact, has become much more appropriate to draw more foreign and local investments into the Egyptian economy. The influx of the direct foreign investments in the fiscal year 2006-2007 hit $11.1 billion comparing to $5billion in the fiscal year 2000-2001.

The flow of the direct foreign investments has become one of the most important sources of Egypt's reserves. The Central Bank of Egypt (CIB) hard currencies reserves hit $30.9 billion in 2007, comparing to $14 billion in 2001. The fiscal year 2006-2007 witnessed the establishment of 5958 new companies with issued capitals of $36.8 billion, comparing to 2530 companies with issued capitals of $11.1billion in the fiscal year 2002-2003

Economic level : Obviously, Egypt has achieved great economic success over the past year. Economic indications, however, show how far Egypt managed to purse its reform programme launched while ago. The certificates given by the most celebrated world financial institutions give good sign that economic reform is going on the right track.

Growth rate: While the growth rate hit 7.1%, a record that has never been achieved 10 years ago, the Gross Domestic Product (GDP) increased to LE684.4 billion.