In this exclusive interview, Engineer Amr Soliman presents Mountain View iCity, the first happy city in the world. With its innovative 4-dimensional design, iCity offers separate layers for themed parks, lush outdoors and activities; the hidden motorway and parking layer; a fascinating 15km corniche connecting all the parks with walking, jogging and biking trails; and finally the privacy of your home in New Cairo, Egypt.

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Jazeera Paints participated as the official sponsor of the recently held Saudi-Egyptian Real Estate Conference, on November 23, in Riyadh, under the title “Cooperation, Not Competition”, which gathered main governmental entities, private sector developers, inventors, and professionals in the real estate industry, to enhance investment opportunities between Saudi Arabia and Egypt.

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شاركت "دهانات الجزيرة"، الشركة الرائدة في عالم الدهانات والألوان والحلول الإنشائية في المملكة والشرق الأوسط وشمال أفريقيا، في المؤتمر السعودي المصري للاستثمار العقاري بصفتها الراعي الرسمي، والذي انعقد مؤخراً بالعاصمة الرياض في نسخته الأولى تحت عنوان "تكامل لا تنافس"، حيث جمع هذا الحدث الجهات الحكومية الرئيسية ومطوري القطاعات الخاصة والمستثمرين والمحترفين في صناعة العقارات بهدف تعزيز فرص الاستثمار بين البلدين.

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Jazeera Paints hosted the Saudi-Egyptian Forum for senior designers and architects in Riyadh, the first of its kind in Saudi Arabia and the Arab World. To promote the exchange of experiences and strengthen the business and economic ties between the two neighboring countries, Jazeera Paints intends to continue to host and organize the Saudi-Egyptian Forum annually.

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Dr Ahmed Shalaby gives an overview of the real estate sector in Egypt and discusses latest news and future plans for Tatweer Misr in the current context. Since its inception in 2014, Tatweer Misr has been offering an innovative outlook on integrated living to strongly emerge as a leading real estate developer in Egypt, fulfilling the rising demand on mixed-use projects that enrich the life of its communities.

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Marcopolis ranked the top business leaders in Egypt, as part of the business report on the country. Businessmen Osama Rabie of Suez Canal Authority (SCA), Mohamed Eletreby of Banque Misr and Hussein Abaza of Commercial International Bank (CIB), rank at the top the list of the most powerful business leaders in Egypt.

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Admiral Osama Mounier Mohamed Rabie is the Chairman and Managing Director of the Suez Canal Authority (SCA), a public and independent authority tasked with the role of managing, operating, using, maintaining and improving the Suez Canal.

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Mohamed Mahmoud Ahmed El Etreby is a prominent banker with a long-standing experience of more than 35 years in the banking sector. He has been at the helm of Banque Misr since 2015.

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Hussein Abaza is the Chief Executive Officer and Managing Director of Commercial International Bank (CIB), Egypt’s premier private sector bank serving over a million customers.

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Hisham Talaat Moustafa is an Egyptian realtor and former Chairman and Head of the real estate branch of the Talaat Moustafa Group, Egypt’s largest listed real estate company.

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Amr Abuelenein is the Chairman and CEO of Egyptair Holding Company. Egyptair started operations in 1932 as the first airline in the Middle East and Africa and the seventh airline in the world to join IATA.

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Osama Bishai is the CEO of Orascom Construction, one of the world’s largest contractors, with a footprint covering the Middle East, Africa and the United States.

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Since 2019, Adel Hamed has been the Managing Director and CEO of Telecom Egypt, the country’s primary telephone company. He is also a member of Telecom Egypt’s board, representing the Egyptian government.

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Karim Awad is the Group CEO and Chairman of the Executive Committee at EFG Hermes Holding. He started his career with the company in 1998.

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Sherif Elwy is the Managing Director and Vice Chairman of Arab African International Bank (AAIB). The first Arab multinational bank, AAIB is a joint venture between the Central Bank of Egypt and the Kuwait Investment Authority.

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Omar El Hamamsy is the CEO of Orascom Development Egypt (ODE). He joined ODH and ODE from McKinsey & Company, where he was a senior partner in the Middle East office.

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Eng. Khaled Abbas talks latest developments regarding the New Capital project and discusses investment opportunities in Egypt. He also explains what makes New Cairo different and unique, and shares plans and timelines for the next few years. The New Administrative Capital is developed with the strategic vision for a smart city integrating its smart infrastructure to provide many services to citizens.

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The top 10 list of the largest companies in Egypt is compiled and updated by the MarcoPolis research team. The list is topped by Commercial International Bank (CIB), QNB ALAHLI, Telecom Egypt and Elsewedy Electric.

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CIB is the leading private sector bank in Egypt, offering a broad range of financial products and services to its customers, which include more than 500 of Egypt’s largest corporations, enterprises of all sizes, institutions, and households.

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QNB ALAHLI is one of the leading financial institutions in Egypt established in 1978 and ranked as the second largest private bank in Egypt. QNB ALAHLI provides its services to more than 1.3 million clients served by 7000 banking professionals with a network of 231 branches.

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Telecom Egypt is Egypt’s primary telephone company. It started in 1854 with the first telegraph line in Egypt. In 1998, it replaced the former Arab Republic of Egypt National Telecommunication Organization.

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Elsewedy Electric is a global leader that has evolved from a local manufacturer of electrical products into an integrated infrastructure solutions provider with over 17,000 employees and more than USD 3.8 billion market capitalization.

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TMG Holding is a leading conglomerate with special emphasis on developing integrated communities, including, but not limited to, mixed-use real estate and hospitality projects across Egypt’s key cities, with a land bank of 53 million sqm.

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Al Ezz Dekheila Steel Co. – Alexandria (EZDK), a subsidiary of Ezz Steel, is the largest steel manufacturing facility in Egypt, with a total capacity of 3.2 million tons of finished steel products per annum.

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Orascom Construction PLC is a leading engineering, procurement and construction (EPC) contractor based in Cairo, with a footprint covering the Middle East, Africa and the United States.

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Ezz Steel is one of the world’s fastest growing and most technically advanced steel producers. It was founded in 1994, and it is the largest steel company in Egypt, the Middle East and North Africa Region.

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Eastern Company is engaged in manufacturing tobacco products and is the only local manufacturer of cigarettes in Egypt. The company’s product portfolio includes cigarettes, cigars, pipe tobacco, and molasses tobacco.

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Faisal Islamic Bank of Egypt is the first Egyptian Islamic and commercial bank. FIBE has 39 branches across Egypt. Client accounts increased by 5.3% to hit 1.9 million by the end of March 2022.

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Islam A. Khamis presents the New Capital, also known as New Cairo, the new administrative city of Egypt. He also discusses latest news about Sorouh Developments and the real estate development sector in general, and talks about main projects, including residential development Entrada, and commercial developments Entrada Avenue and the Citadel.

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In this interview, Ahmed Hamouda, Senior Investment Officer at GV Developments, highlights advances and efforts made by GV with Tarboul Industrial City in line with Egypt’s pledge as part of COP 27. He also gives an overview of Egypt’s first smart, sustainable and livable industrial city, and talks about the importance of implementing a sustainable economic model.

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GV Developments, the general developer of Tarboul City, the first green and smart industrial city development project in Egypt, announced that it has appointed the joint venture of Amarenco Solarize Egypt to implement clean energy and green hydrogen systems within its project in the Giza governorate.

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Sherif Hamouda gives an overview of the real estate and construction sector in Egypt, and presents GV Group. He also talks about upcoming developments, such as Tarboul City, the first green and smart industrial city in Egypt and one of the largest in the region, spanning over a 109-million meter square. Sherif Hamouda also mentions some of GV Group’s success stories and shares his vision for the medium term.

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Hesham ElNaggar shares his assessment of the agriculture sector in Egypt and gives an overview of Daltex Corporation, a leading agricultural company specialized in fresh produce exports which was established in 1964 by Samir El Naggar. Daltex Corporation is the largest exporter of potatoes globally, and one of the biggest producers of oranges.

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Adly Thoma gives an overview of Gemini Africa, an investment company and a hub for the entrepreneurial ecosystem in Egypt and across Africa. Gemini Africa plays the role of the arm for entrepreneurs, linking or bridging between the ecosystem and Orascom Group. The company positions itself as an enabler and access to support for the startups.

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"The Egyptian economy requires all sectors to be moved. Infrastructure, power and energy. Most of the deals have now been launched in the energy sector in particular."

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"We had been reforming the banking sector from 2003 to 2010. These reforms saved the banking sector in Egypt during the dry years. It was very difficult to manage our reserves in the past few years. The performance of the Egyptian banking sector, its survival and its role as the backbone of the economy in those tough years, has now become a case study in the best universities in the world. "

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"Several developers were keen to invest money and start building their own company, but because of the revolution, they have just put a stop to these projects. Now, these kind of positive trends are again on the rise."

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"Corporate banking is considered the fastest-growing portfolios in the whole country. The portfolio was acquired in 2008 by Banque Swiss, so we have a very clean portfolio since we’ve started."

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"We are one of the leading banks in the syndication market. We have a number of milestone transactions in hydrocarbons, energy, power generation, fertilizers etc. We are the leading bank in the SMEs proposition as well."

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There is something interesting about Egypt as far as SMEs are concerned. Anything and everything that you can imagine is already there in terms of services. Only people don’t know about it. Or they are isolated as islands or the services are offered to them in a very small portion. Whatever practice you can imagine in the world, already exists here in Egypt. The whole idea is to coordinate the efforts.

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In September last year, during the celebrations in the New York Stock Exchange, Egypt was the winner of the best innovative stock exchange in the entire African continent.

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We need to increase the numbers by 15 to 20% every year to reach the target we have set ourselves, of $20 billion. We plan to have strong advertising campaigns all the way through to 2020. We will try to attract new segments of tourists to visit Egypt by offering safaris, spas, golf and MICE.

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We have a mega project: the Damietta project, a grain logistics hub. It is related to the poor Egyptian who buys a loaf of bread from a village in Delta or Upper Egypt. In order to guarantee the stability of what we are doing, we have to invest for the future.

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Egypt is the world’s largest importer of wheat, at around 10 million tons per year. Unfortunately, due to the lack of sufficient or proper storage conservative numbers by the government estimate around 30% of crops are wasted. Blumberg Grain has a solution.

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The new concept of New Homes has been in the market since 2008 to serve the developers as a marketing arm and as a consultant to consumers, to assist them in choosing from different developments across the country, especially residential, gated communities, or as we call them, ‘compounds’.

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Marriott International is reaffirming its commitment to the revival of Egypt’s tourism sector through the regional announcement of the #Activ8Egypt campaign.

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Set amongst 6 acres of beautifully lush gardens in a privileged location on an island on the River Nile, the Cairo Marriott Hotel and Omar Khayyam Casino truly boasts a unique, extraordinary setting. Comprised of two twin towers connected by a stunning garden promenade that flanks the historical Royal Palace Al Gezira, the hotel is a distinctive blend of tradition and elegance with contemporary facilities and amenities.

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Mohamed A. Abdulsalam, CEO of MENA Holding, talks about one of the largest real estate projects in Egypt.

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"We have 22-23% market share because we’re still the biggest private ISP in Egypt by far and the rest are between 5-7% each. Our major strength has always been that we are a private company – we have more freedom to try new stuff. We hire the best calibers in Egypt, we have 1,200 employees who are all experts in their areas, and we are always open to trying new technology."

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"In addition to the mega projects we have tangible, well-studied sectorial industrial projects in several fields and sectors, including petrochemicals, the engineering sector, household goods, electrical equipment, white goods etc., that are for the domestic Egyptian market."

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"The announcement of the increase of SECON’s capital and the launching of these three projects simultaneously with Egypt Economic Development Conference (EEDC) has a very important message to both local and international investors about the current atmosphere in Egypt."

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"The pharmaceutical industry in Egypt is very big. The local pharmaceutical industry covers 97% of consumption. Only 3% is covered by imports. Our industry has got about 30-35 thousand labourers," explains Dr. A. Borhan El-Din Ismail, Chairman and Executive Director of EIPICO (Egyptian International Pharmaceutical Industries Company).

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"In 1995, I was number one in the Middle East and because of that I have to go abroad to prove that I am number one here and there. My name in the Middle East is very well known," explains Dr. A. Borhan El-Din Ismail, Chairman and Executive Director of EIPICO (Egyptian International Pharmaceutical Industries Company).

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"PACHIN is one of the oldest companies manufacturing paints in Egypt & started its operations in 1958. We are now manufacturing all types of paints from decorative to industrial paints, in addition to printing ink," says Eng. Mohey Abdel Rezek, Managing Director of PACHIN.

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"SCIB Paints is the number two player in the Decorative coatings industry in Egypt which comprises architectural coatings and wood coatings," explains Manish Mehra, Regional Head - Middle East and Egypt of Asian Paints (SCIB Paints).

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"We are building some premium brands like Royale in the Luxury Emulsions’ category, where we are the market leaders in Egypt," says Manish Mehra, Regional Head - Middle East and Egypt of Asian Paints (SCIB Paints).

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"If you picture Egyptian Tourism as a body, it stands on two feet. One foot is the cultural product, Cairo, Luxor, Aswan and Abu Simbel. That is our history, our heritage. The other product is the Sun and Sea vacations in the Red Sea area in the southern Sinai, like Sharm el Sheik, Dahab, Nuweiba and Taba," explains Hisham Zaazou, Egypt's former Minister of Tourism.

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"We didn’t do very well in the first half of 2014 either. In the second half, starting from July up to now, we are moving very well," says Hisham Zaazou, Egypt's former Minister of Tourism.

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"We are expanding geographically with new branches all over Egypt. We now have branches in about 5 cities from the Delta up to Upper Egypt. We have more than 250 outlets, part of them is owned by PACHIN and most of them are franchises," says Eng. Mohey Abdel Rezek, Managing Director of PACHIN.

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"MICE tourism is very important and the returns of the MICE tourism are very high. Unfortunately, during the last three years, there was a setback," says Ambassador Nasser Hamdy, Former Chairman of Egyptian Tourism Authority.

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"There are so many investment opportunities in many sectors in Egypt - Agro industry, ICT, real estate, energy and many others. Personally, I think the one that is going to take the limelight is energy," argues Hisham Fahmy, CEO of American Chamber of Commerce in Egypt.

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"I believe Egypt has several fundamentals in place that give it a competitive edge," says Hisham Fahmy, CEO of American Chamber of Commerce in Egypt.

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"Egypt4Business Campaign is about telling the story about successful US, Egyptian and multinational businesses operating in Egypt," explains Hisham Fahmy, CEO of American Chamber of Commerce in Egypt.

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"We started by my older brother in Lebanon back in 1957. We are “chicken” people. Poultry is our life," explains Tony Freiji, President & CEO Wadi Group.

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"It’s high time that the Egyptian government partners with the private sector. The private sector in Egypt is extremely resourceful," says Tony Freiji, President & CEO Wadi Group.

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"If we look at this particular sector, Egypt is poised to play a leading role in supplying quality food and processed foods to the rest of the world, particularly Europe, the Eastern United States and the rest of the Mediterranean Basin," notes Tony Freiji, President & CEO Wadi Group.

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"The Bank of Alexandria is the third largest bank in the private sector," says Roberto Vercelli, Managing Director & CEO of AlexBank.

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"The banking sector has grown over the last 3 years both in terms of loans and deposits because we have a lot of liquidity in the country," explains Roberto Vercelli, Managing Director & CEO of AlexBank.

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"We can only compete on internationally focused projects; we cannot compete in the local market. When it comes to international projects, where you need to have international experience, we are considered one of the only companies in Egypt who manages certain types of consortiums," says Mostafa Al Hassan, Chairman of Global Consolidated Contractors (GCC).

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"Global Consolidated Contractors was established in 2005. The idea behind the company and even its name was to create a merger between the consortium from international companies in the construction sector and local companies. We work in construction management and we bring together international expertise and local labour to bid for international projects," says Mostafa Al Hassan, Chairman of Global Consolidated Contractors (GCC).

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"We started the company in 2005. I would call myself a co-founder because it was only me and the CEO to begin with. We now have 700 employees spread all over Egypt," explains Haithem Trabeek, Strategy & Business Planning Director at e-finance.

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"e-payment currently has enormous potential and it is expanding. When we started in 2005, e-payment did not even exist and now it is part of the country’s future strategy, which was announced by the Minister of Telecommunication a couple of months ago," explains Haithem Trabeek, Strategy & Business Planning Director at e-finance.

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We have good cooperation and collaborations with friends from all over the world. For example, we have about 200 missions in archaeological areas and 80% of them are from the Egyptian foreign mission.

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AIB is considered the private bank for high net worth individuals inside Egypt. This business model will change very soon, once we get local currency operations in place.

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We revisited our strategic direction last year, in using our platform and experience in Egypt to expand to other countries; our original vision was to be the preferred partner for transaction processing.

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"We are the safe haven for large depositors. AIB is considered the private bank for high net worth individuals inside Egypt," says Amr Atallah, GM for Branches and Banking Services at AIB.

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"The hotel is part of the First Residence complex that includes a mall with many top brand stores. There is a poolside lounge and we have a tearoom, which is one of our signature outlets," says Mahmoud ElKeiy, General Manager of Four Seasons Hotel Cairo at The First Residence.

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"Four Seasons at The First Residence and our sister hotel in the city are the leaders in luxury hotels in Cairo and in Egypt. We are positioned as number one in the market in terms of quality of service and in terms of our brand," explains Mahmoud ElKeiy, General Manager of Four Seasons Hotel Cairo at The First Residence.

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"Slowly but surely we are going to start to see more positive results. I expect to see this happen quickly on a regional level, i.e. from the GCC market and then later on from the international market, i.e. Europe and the Americas," comments Mahmoud ElKeiy, General Manager of Four Seasons Hotel Cairo at The First Residence.

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"We have good cooperation and collaborations with friends from all over the world. For example, we have about 200 missions in archaeological areas and 80% of them are from the Egyptian foreign mission," says Mamdouh Al-Damaty, Minister of Antiquities and Heritage, Egypt.

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"The latest figures show that the average spending per person, that went down from USD 85 per night to USD 62 until very recently, has slowly climbed back to about USD 80 per person, per night. We are almost back there. Looking forward to 2015, (I am knocking on wood), if we move the way we are moving, we will be back to normal by the end of the year. In 2016, we foresee a higher level of business for Egypt."

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"Coca-Cola has been playing a major role in Egypt for over 70 years. We entered the local market in 1942. We are very committed to the Egyptian market and we have been investing heavily in it," says Omar Mandour, General Manager of Coca-Cola Egypt, Yemen, Libya and South Sudan.

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"The last three years in particular have witnessed lots of changes and trends. Not only in the food and beverage market but also in the fast moving consumer goods market. We are starting to see trends that are very much cued towards value," says Omar Mandour, GM of Coca-Cola Egypt, Yemen, Libya and South Sudan.

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"Our biggest project here in Egypt is our partnership with the Egyptian Food Bank and our pledge to develop the hundred poorest villages in Egypt. We also have a project that is focused on improving the lives of 4,000 women and their families in these villages which provides microbusinesses to women in rural areas," explains Omar Mandour, GM of Coca-Cola Egypt, Yemen, Libya and South Sudan.

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"The pharmaceutical industry in Egypt is very big. The local pharmaceutical industry covers 97% of consumption. Only 3% is covered by imports.
EIPICO exports to 61 countries, including England Germany and Romania, Africa and the Middle East, including Lebanon and Saudi Arabia."

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"Our best approach to achieve our goals quickly was to enter a partnership with a large, leading multinational company. Our first partnership was with BASF of Germany. We then entered a partnership with St. Gobain, for gypsum.
We are looking to invest and make up for the 2 or 3 years when we didn’t do anything. For 2015, we have a big program of investment."

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"The asset management business in Egypt is not very familiar. It has a lot of potential to expand over the coming years, because it is very small, but it is growing rapidly, but it is still in its early stages. The growth in assets in the company has a very high percentage. Since the last 3 to 4 years, some companies have grown by 50 % to 70% percent annually."

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"There are about 14 companies under the umbrella of this group. Some are in the industrial fields, some in the surface and some are into trading, some are into real estate and some are into food. Our strongest point is that we specialize in the manufacture of external paints. This gives us a competitive edge."

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"We are in the LPG field and we have six factories in Egypt for filling cylinders of LPG. Our production now is almost between 150,000 – 200,000 bottles per day."

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"Egypt was the second country in the world to produce cinema. When the film industry was started by the two French brothers, the Lumière brothers, immediately the next year, Egypt produced the first Egyptian film in Alexandria."

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"This year our tourism number has reached a healthy 10 million. Admittedly, our income is not like it used to be in and before 2010, but hopefully the prices will start to increase from March 2015."

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"The printing industry all over the world has been affected because of the media. However, the packaging industry is still active all over. In Egypt, the potential in the packaging industry is very big."

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"In 2010, a lot of new construction projects were sold. Foreign investors were waiting for things to normalize again. A lot of those projects will start again. That’s why I say the prospects are good."

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"SCIB Paints is the number two player in the Decorative coatings industry in Egypt which comprises architectural coatings and wood coatings. What we would like to do is make SCIB the most loved paint brand in the next few years. Asian Paints is amongst the top five Decorative coating companies in the world."

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Yves Gauthier, CEO of Mobinil

"Mobinil was one of the first operators to enter the market at the same time as Vodafone. We have a long history in the mobile market in Egypt. We have tried to build our reputation on our services and our pricing. For two years we were ranked as ‘the best mobile network in the country’."

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"EFSA is the result of unifying all the financial regulators. Our Constitution mentions EFSA, or the non-banking finance regulator as an independent body. We regulate 6 activities, capital markets, insurance, private pensions, mortgage, leasing and factoring. And as a recent development, for the first time in Egypt, microfinance. It is challenging."

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"Egypt is very capable when it comes to milling. We have mills that produce excellent quality. They are capable and some of them even export to Africa. This is as far as flour milling is concerned. As for pasta, we are also very capable and we also export to Africa. Egyptian rice, on the other hand, is one of the best kinds of rice in the world."

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"PACHIN is one of the oldest companies manufacturing paints in Egypt & started its operations in 1958. There is no other company with all these 4 business lines – decorative paints, industrial paints, printing ink and alkyd resins."

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"The shipping industry has never been affected as most of the Egyptian ports which were secured, only for a few days during the Arab Spring. All international trade was running perfectly most of the time, except for those few days and only in certain ports in the Red Sea and the Mediterranean. The authorities and the government did a fantastic job in controlling the uprising at that time."

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"We are in fact the largest cement manufacturer in the country. Our market share is slightly below 20%. We are not only the largest but also the oldest cement manufacturer, established in the early 1900s."

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"We started by my older brother in Lebanon back in 1957. We are “chicken” people. Poultry is our life - we eat, sleep and breathe it; we know everything about poultry... Apart from poultry, Wadi Group has been growing in the food sector, particularly olive oil, fresh vegetables and fruits grown particularly for export."

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"My passion has always been for the beverage developing new trendy, stylish restaurant concepts. So I started my own company with my partner. We founded OB Hotels & Restaurants. We do boutique hotels more in the line of intimate, individual, experience lifestyles and restaurants. We started that in 2011 and it has just been exciting."

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"There is no other container terminal on the Suez Canal on the Mediterranean end able to handle very large container vessels. Our quay, yard, cranes and water depth are all of a size that can handle the biggest container vessels in the world," claims Klaus Holm Laursen, CEO of the Suez Canal Container Terminal.

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"The SCCT is a true success story for Egypt. This year we celebrate our 10th anniversary," says Klaus Holm Laursen, CEO of the Suez Canal Container Terminal (SCCT).

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"Egypt truly plays an important role in global trade and moving goods between these regions," argues Klaus Holm Laursen, CEO of the Suez Canal Container Terminal (SCCT).

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"The destination Egypt is very beautiful. We have it all. We have sun, sea, desert, nightlife - we have everything. I believe that this kind of diversity is what makes our tourism sector very resilient. I also believe that now we are on the right path politically; we have stability. "

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"Our gardens really transport you away from the reality of everyday life in Cairo. I mean, when you sit in a garden and enjoy your coffee, you could be anywhere in the world. The birds are singing; you don’t hear the traffic. It’s just amazing. No place else in Cairo can even closely approximate that."

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Smart Village is not just office space; it is a technology park. You will find research centres, education institutes, incubators for small companies and we also have a financial district including the Cairo Stock Exchange as well as many Financial Institutions and banks.

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"Certainly this young, growing market is very attractive. There are already four operators that are working in this market. The invisible handle on the market decides the right number of competitors whether it be three, four, five or more etc. I am not going to try to say what the right number is. The market is young, growing and it is moving in an all-data format."

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"This is a great market; we are at an extraordinary point where everything is moving towards all-data and mobile broadband so that users can be connected all the time," says Mohammed Elnawawy, Managing Director, CEO and Head of Customer Care of Telecom Egypt.

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"The Egyptian telecoms market is very large and very young. It is a growing market," says Mohammed Elnawawy, Managing Director, CEO and Head of Customer Care of Telecom Egypt.

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Egyptian Drilling Company is a joint stock company formed in 1976 as a corporation between the Egyptian General Petroleum Corporation and the A.P.Moller Maersk with a 50-50 partnership. We started operations with one onshore drilling rig and we have expanded since then and today, we have 70 rigs.

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TAQA Arabia, a one stop shop for energy supply and energy solutions in Egypt, claims that renewable energy is increasingly becoming a necessity for Egypt.

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"The general atmosphere now is that of hope and optimism. The current government has sent out many messages of reassurance to investors. A series of significant reforms and national projects have been launched."

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"We are real estate developers and in my opinion, the real estate sector has been one of the most resilient industries, fortunately. SODIC, as a company, has also been more resilient than others. I believe it is a factor of a very deep-willed demand in the market place that is not built on speculation or credit," notes Ahmed Demerdash Badrawi, Managing Director of SODIC.

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"In terms of industry, Egypt is the third largest market in Africa, the second is Algeria and the first market is South Africa. Moreover, with a population of 90 million, a quarter million vehicles is a very low volume. Therefore, we see a great potential for growth in Egypt," comments Tarek Atta, Managing Director of GM Egypt & North Africa.

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"In Cairo and other cities we used to have protests every day and a lot of violence, but this has all subsided dramatically following the presidential elections. Of course we still have some security situations, like any other country in the world, but the overall situation is improving now," notes Khaled Abd Elghany, Senior Security Consultant of Middle East Security.

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"Intel, Egypt is committed to the Egyptian market thought our “Egypt tomorrow” initiative. We are here to stay. We are confident about the potential of the Egyptian market. Our strategy is aligned around the three main areas of education, innovation and entrepreneurship," notes Karim El Fateh, Country Manager (Egypt & Levant) of Intel Corporation.

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Engineering Square (IDG) started in 2007 as an idea of the former Minister of Trade and Industry Engineer Rashid and some business people. "They invented the so-called industrial developer to create more industrial land in Egypt without putting financial burden on the government. We have sold out about 85%, of which 50% are already functioning. We have about 35 factories operating. Another 25 are under construction," explains Sameh Attia, Managing Director of Engineering Square (Industrial Development Group).

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The Egyptian market is starting to witness intense competition between the investment companies related to huge tenders and contracts for the implementation of a range of real estate projects. This will create a healthy competitive environment that will have a positive impact on the Egyptian economy. It is expected that the prices of Egypt’s property units will increase by up to 15 percent by end of 2014.

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“If we look at the numbers during the last 3 years, we can see that the numbers have been fluctuating from up to down and so on. Egypt's tourism shows its resilience," stated Ambassador Nasser Hamdy, former Chairman of Egyptian Tourism Authority.

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"SECON is owned 50% by the Saudi government and 50% by the Egyptian government. It is and will continue to be a very good example of cooperation between these two governments and of cooperation between two Arab countries. The continuous support and help from Saudi Arabia to Egypt has been fantastic," said Eng. Darwish Ahmed Hassanin, CEO of SECON.

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"I hope that we have political and economic stability very soon and that we have security here - but this will come gradually, it will not happen overnight," explained Eng. Darwish Ahmed Hassanin, CEO of Saudi Egyptian Construction Company (SECON).

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"We would like to see modifications of the rules for getting licenses and improvement of the investment conditions for both foreign investors and Egyptian investors," clarified Eng. Darwish Ahmed Hassanin, CEO of Saudi Egyptian Construction Company (SECON).

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SECON has started a very important project that is worth 1.6 billion Egyptian pounds. It is called Secon Nile Towers, comprising of two high-rise buildings of 23 floors in the Maadi Nile Corniche area of Cairo.

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"Both our real estate and our tourism investments are very important for us. Egypt is an excellent location for both areas of investment."

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"The highest demand for the next five years will be for middle-income apartments. In previous years, there was a lot of demand for luxury apartments and there were not enough apartments available for the middle to low income population. I think that this will occur in Cairo particularly and I am also expecting to see growth in southern Egypt," noted Eng. Darwish Ahmed Hassanin, CEO of Saudi Egyptian Construction Company (SECON).

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"Real estate investment represents a very important part of Egypt's economic growth and we expect good growth for real estate for the following six months," stated Eng. Darwish Ahmed Hassanin, CEO of Saudi Egyptian Construction Company (SECON).

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Egypt's agriculture is composed mainly of two segments: the larger agribusiness operations growing produce on a large scale and the smaller traditional family farms that account for 80% of the cultivated land in the country.

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The main capital of SECON was recently increased by 243 million US dollars and an agreement was signed between the representatives of the two governments in the presence of the Egyptian Prime Minister Eng. Ibrahim Mahlab.

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The Egyptian government is now focusing on small scale industries as a mean of economic and social development. The country’s private sector is dominated by a plethora of small businesses such as farmers, furniture makers or restaurant-owners.

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"Our target is to finish this project over the next five years. It will cover a total of about 25,000 acres, growing mostly wheat, corn, alfalfa and barley and a little bit more table grapes and dates," reveals Daniel Leroux, CEO of KADCO Egypt.

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El-Sisi said in the beginning of May 2014 that people “should lower their expectations for change”; Egyptians should not expect “instant democracy or rapid economic reforms.” He further argued that shared sacrifice is a necessary condition.

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AlexBank is the only private bank with a presence in every governorate of Egypt. "We are working to improve the SME business by offering new products and using the experience we have gained in Italy where the pillar of the business sector is SMEs. The Egyptian government and the business sector are all saying that the future of the country will be SMEs," says Roberto Vercelli, MD & CEO of AlexBank.

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"The Saudi Egyptian Construction Company was established in 1975 by the Saudi and the Egyptian governments. It is split equally by both parties. The company was established for real estate investment in Egypt. Since 1975, we have been making excellent investments and we have been producing different kinds of apartments with the required standards for Egyptians and for Arabs," explains Engineer Darwish Ahmed Hassanin.

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"Our biggest success was in Libya from 2007 to 2010, where GCC participated in infrastructure projects throughout the country. We are currently doing similar projects in Saudi Arabia, Iraq, and Egypt. Our main focus in Egypt is the Suez Canal project," notes Mostafa Al Hassan, Chairman of Global Consolidated Contractors (GCC).

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Coca-Cola has been a player in Egypt for over 70 years and it has established itself as the leading beverage company in the country. "Our biggest project here in Egypt is our partnership with the Egyptian Food Bank and our pledge to develop the hundred poorest villages in Egypt. This project will take us all the way into 2020," explains Omar Mandour, General Manager of Coca-Cola Egypt, Yemen, Libya and South Sudan.

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"In spite of all the challenges posed by the Arab Spring period, we have maintained our growth and today we are a leading player in the MENA automotive region. Our headquarters are based in Egypt but we also operate in Iraq, Libya and Algeria," says Osman Sever, Chief Business Development Officer of Ghabbour Auto.

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"e-payment currently has enormous potential and it is expanding. When we started in 2005, e-payment did not even exist and now it is part of the country’s future strategy, which was announced by the Minister of Telecommunication few months ago," explains Haithem Trabeek, Strategy & Business Planning Director of e-finance.

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"We work on promoting trade and investment between Egypt and the United States through serving our members and the entire business community and advocating on their behalf for a favourable business environment and fostering a socially responsible business environment."

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"The SCCT is a true success story for Egypt... There is no other container terminal on the Suez Canal on the Mediterranean end able to handle very large container vessels. Therefore, our main competitive advantage is our prime location. There are facilities close by on the Mediterranean but we stand out because of our size," explains Klaus Holm Laursen, CEO of Suez Canal Container Terminal (SCCT).

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The Egyptian Credit Bureau - or iScore - was founded in 2005 by a consortium of 26 banks. "We are here to help the customers rationalise their credit and help the banks evaluate and make rational credit decisions when granting a loan to a customer," explains Mohamed Kafafi, Chairman and CEO of the institution.

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"I think that mid-income and low-income housing is probably the safest bet right now; luxury homes have been in limbo over the past few years," reveals Khaled Nasser, Regional Director of RE/MAX Egypt - the leading real estate agency in Egypt.

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Over the past 40+ years the government of Egypt has created four export promotion units as integral components of its strategy to create jobs through international trade.

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The Egyptian banking sector ticked off marked growth over in the last year, with aggregated assets rising by nearly 17 percent in local currency terms during 2013, according to the country’s Central Bank.

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"Unfortunately, the perception of the revolution and of Egypt in the west does not reflect what we see on the ground. It is very important that companies and international investors come to Egypt and investigate for themselves," noted Mostafa Al Hassan, chairman of a private security company (Global Consolidated Contractors).

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"Egypt's trade agreements with the Arab World, Europe and Asian Pacific are a tool yet to be optimized by foreign investors whom will tap into the potential and wealth that this nation encompasses,” noted Hisham Fahmy, Executive Director of American Chamber of Commerce in Egypt.

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Though coming out of a challenging period Egyptian industry is showing marked signs of a steady recovery.
Industry is the second largest sector in the Egyptian economy and accounts for nearly 40 percent of GDP.

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Foreign direct investment in Egypt averaged $2,234.19 million from 2002 until 2014, reaching an all-time high of $5,572.50 million in the fourth quarter of 2007 and a record low of $40.70 million in the second quarter of 2002.

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Subsidy cuts, new taxes and “bitter pills” were introduced to enable a smoother recovery of Egypt’s economy.

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The Egyptian economy passed through many political, social and security crises since January 2011.

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"Tourism is one of the major sources of income for our country and it has been deeply affected since 2011. In 2014, slowly but surely we are going to start to see more positive results," reveals Mahmoud ElKeiy, General Manager of Four Seasons Hotel Cairo at The First Residence.

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