Egypt worries about its population growth. The increasing number of births will rob Egypt of some of its imminent demographic dividend—the economic advantage of having few old people and children relative to the number of working adults.
“Meeting the demands of this population will require strong, sustained economic growth and redistributive policies,” says Jaime Nadal Roig, who heads Egypt’s branch of the UN’s population fund. Sadly for Egypt, making the economic indicators tick up fast enough is as hard as making the fertility rate go back down. While this blog has recently focussed on countries such as Germany and Japan that are facing imminent population and economic decline, today we will look at another country that is struggling with the consequences of population growth: Egypt. A current population of over 88 million, a fertility rate of 3.5 children per woman, a falling infant mortality rate, rising life expectancy for Egyptians, and the prospect of faster population growth have various academics and NGOs worried.
Suez Canal expansion informs investors about Egypt’s other mega-projects. New Suez Canal project to generate $100bn a year and 1 million jobs. While the New Suez Canal will double the capacity of the 146-year-old waterway, the canal expansion is just the beginning of a much more ambitious scheme that aims to turn the environs into a world-class transport, logistics and industrial hub When one thinks of Egypt’s greatest engineering feats, perhaps the Great Pyramids first spring to mind.
However, equally impressive is the Suez Canal, a man-made waterway connecting the Mediterranean Sea and Red Sea. Opened in November 1869 after 10 years of construction, the canal revolutionized world trade – dramatically cutting transit times from Europe to Asia by eliminating the need to sail around Africa’s Cape of Good Hope. It has served as the lifeblood of Egypt’s economy for almost 150 years, now generating billions of dollars in annual revenues, and a profound source of national pride.
Construction time for this monumental project was initially estimated at three years. “The Zone should create an industrial awakening. Mr. Egypt to receive German Submarines soon, a new French multipurpose frigate. Ahram Online , Wednesday 22 Jul 2015 Egyptian President Abdel Fattah El-Sisi attending the graduation ceremony of the 66th class of the maritime college (Photo: Al-Ahram) Egypt is expected to receive two German submarines and a French global combat ship as part of comprehensive armament plans for the armed forces, the Commander of the Naval Forces Osama Rabie said on Wednesday.
The announcement came during the graduation ceremony of the 66th class of the maritime college. Egypt’s President Abdel Fattah El-Sisi and other state officials attended the ceremony. Egypt had signed a deal with Berlin to buy two German-made submarines in 2011, then ordered two more in 2014. Free Zones In Egypt: The New Start - International Law - Egypt. Terms & Conditions and Privacy Statement Mondaq.com (the Website) is owned and managed by Mondaq Ltd and as a user you are granted a non-exclusive, revocable license to access the Website under its terms and conditions of use.
Your use of the Website constitutes your agreement to the following terms and conditions of use. Mondaq Ltd may terminate your use of the Website if you are in breach of these terms and conditions or if Mondaq Ltd decides to terminate your license of use for whatever reason. Use of www.mondaq.com. Egypt: Trade Ministry Considers Website for Businessmen Eyeing Africa. Minister of Industry and Trade Mounir Fakhri Abdel Nour has announced plans to launch a website serving the Egyptian businessmen who search for investment opportunities in Africa.
Chairman of the ministry's Commercial Service Ali El-Leithy said the website will contain data on African markets of interest to Egyptian businessmen. Outstanding companies, insurance opportunities, customs duties, shipping options and costs, and locations of Egyptian commercial representation offices will be available on the planned website, including tenders put up by African governments, according to Leithy. The website may also feature market studies about goods and trading sectors within each African country, as well as a given country's most important exports and imports and its trade agreements with Egypt.
It will also announce exhibitions hosted by African countries. DHL prints slogans promoting Egypt on 180 million boxes. Hana Afifi , Tuesday 4 Aug 2015 DHL Express launched a campaign in cooperation with the ministries of Investment, Trade, and Tourism to promote Egypt by printing "Invest in Egypt," "Support businesses in Egypt," and "Visit Egypt" on around 180 million boxes that will be circulated globally in the coming year.
The campaign will promote Egypt by printing three messages on DHL's packages for the next 12 months: "Invest in Egypt," "Trade in Egypt," and "Visit Egypt," accompanied by images of Egyptian touristic and historic sites. “Egypt is an important market; it has a strategic geographical advantage in addition to its natural and human resources, which together boosts its potential for growth and development. Our aim is to help make investors recognize this potential as we prepare to focus our efforts on making Egypt our gateway to Africa,” said Ahmed Elfangary, DHL Express Egypt's Country manager, at a press conference Monday. Short link: 10 fast facts about Egypt's Suez canal, as new waterway is launched this week. EGYPT is to inaugurate an expansion of the Suez Canal on Thursday, which it is touting as a boost to world trade.
Here are some facts about the project, that is set to increase the capacity of the key waterway connecting the Mediterranean to the Red Sea. 1. The canal, opened in 1869 after almost a decade of work, has been a main revenue earner for Egypt and a 20th century symbol of independence. It shortens the Europe-Asia trade route by 9,600 kilometres. Egypt’s 1,000 Factory-Project set to kick off. Untitled. The 2014 report of populations’ well-being indicates that Egypt has slid into a country with no hope and acute economic stress according the Gallup Center on Wednesday.
Egypt ranks 129th among 145 countries covered by the 2014 State Well-Being Rankings Report. Egypt is ranking below war-torn Iraq and Yemen. Panama ranks top of Well Being countries while Afghanistan lags between as the bottom of the chart. The US ranks 23rd falling from its 12th position on the 2013 ranking. Morocco ranks 90th. The Well-Being Index includes more than 2.1 million surveys and captures how people feel about and experience their daily lives. Levels of well-being correlate with healthcare (utilization and cost) and productivity measures (absenteeism, presenteeism and job performance), all critical to organizational and economic competitiveness.
The Center also revealed that the same survey conducted on social networks proved that people are discontent with their social situations. Egypt’s urban expansion depletes fertile Nile farmland. SHUBRA KHIT, Egypt: Lush green farms once stretched all around the Nile River, the fertile dark soil a vital source of life since the Pharaonic times, when ancient Egyptians developed some of the first sophisticated farming methods in the region.
Now, red-brick urban settlements are springing up everywhere, snuffing out farmland to make way for the growing population in this country of about 90 million people. Children still play among the banana trees and alfalfa fields as sheep graze nearby and palm trees rustle in the wind – but such pastoral images are being pushed out by an unstoppable sprawl encroaching on the landscape. Most Egyptians have always lived in the fertile stretch along the Nile, which accounts for less than 10 percent of the country’s territory, and which is also the nation’s breadbasket. Free Trade Pact Highlights Egypt's Pivot Back Towards Africa. Blog By J.
Peter Pham On Wednesday, presidents and other leaders representing twenty-six African countries meeting at the Egyptian Red Sea resort of Sharm el-Sheikh signed an agreement to launch a "Cape to Cairo" free trade zone spanning the length of the continent. The Tripartite Free Trade Area (TFTA), as it will formally be known, will embrace three of Africa's major economic blocs--the East Africa Community (EAC), the Southern African Development Community (SADC), and the Common Market for Eastern and Southern Africa (COMESA)--with a combined population of some 625 million people and an overall gross domestic product of more than $1 trillion.
Before it goes into effect, the accord must still be ratified by the national parliaments of the countries involved and technical timelines to bring down trade barriers will have to be worked out. The de facto Egyptian withdrawal from Africa can be seen by a number of indicators. Egypt to import gas for the first time in decades as rising demand takes its toll - Ventures Africa. Declining output amid rising demand has turned Egypt to an oil and gas importer, after decades of being an exporter. The country’s officials say it has agreed a deal with British oil giant BP, for the supply of liquefied natural (LNG) through 2015 and 2016. “We signed with BP to supply 16 cargoes of liquefied natural gas, that will be received through 2015-2016,” head of state-owned Egyptian Gas Holding Company (EGAS), Khaled Abdel Badie told Reuters. An initial deal of 21 cargoes was said to have been agreed with BP as part of a major tender which would see 70 cargoes delivered to the North African country.
But Reuters cited a source as saying that an agreement could not be reached early enough, which led to the reduction in the number of cargoes delivered by the British firm. Egypt prepares to launch new channel of Suez Canal. On Thursday, August 6, Egypt will pull out all the stops to celebrate the opening of a new 72-kilometre channel parallel to the Suez Canal which, for the first time, will allow ships to transit the waterway in both directions simultaneously, chopping the journey to 11 hours from the current 22. Egypt hopes this will more than double the canal’s revenue in eight years and attract more business to the industrial and logistics corridor being built along its shores. But the ceremony comes fraught with symbolism, and the government has been treading a careful line between marking an important national achievement and evoking memories of the disastrous events that followed the canal’s original opening in 1869.
Within 13 years of the first opening, the government was bankrupt, its ruler had been deposed and, finally, a foreign army invaded and conquered the nation. Most of the details of the August inauguration are still under wraps, but a few have become public. Business@thenational.ae. Egypt to Join Russia-Led Eurasian Economic Union in 2016. Business Get short URL MOSCOW (Sputnik), Svetlana Alexandrova – A free trade zone deal between the sides was discussed in February during Russian President Vladimir Putin’s visit to Cairo.
Egypt sent an official request to establish a free trade zone with the EEU last year. "There is a kick-off already in the negotiation process and we estimate that it is going to take from 12-18 months," Mohamed Elbadri told Sputnik. Egypt's Geographic Challenge. Egypt's Master Plan. As we watch a new Egypt in the making we speak to Yehia Zaki the Director of Operations of Dar Al Handasah about the expansion of the Suez Canal, the creation of more than 1 million jobs and the potential for an "industrial awakening" throughout Egypt. He takes us through the stage by stage process of the master plan & the infrastructural and investment requirements for the realisation of this enormous undertaking. At the conference, you launched the Master Plan for the Suez Canal Zone in front of the President and the 2,500 delegates from around the world.
What was the response and what has been the progress that has been made since then? The project had maximum exposure at the conference. Having the President attend the presentation gave it that much more emphasis. This presentation attracted the attention of many people, although the project already garnered a significant amount of attention from Day 1, when it was announced in August 2014. There are a number of categories here. المؤتمر الإقتصادي - شرح تفاصيل مشروع العاصمة الإدارية الجديدة " مشروح سيعيد التاريخ " Arab Contractors' Turnovers in Three African States hit $2.6 billion. By Marwa Hemdan The volume of Egypt-based Arab Contractors businesses in Nigeria, Cameroon, Equatorial Guinea has reached US$2.6 billion.
AC's projects in the three African countries vary between roads, ports and infrastructure works. The announcement was made following a tour made by AC's Chairman Mohsen Salah to visit the company's projects in Nigeria, Cameroon, and Equatorial Guinea and attend AC's general assembly to review the company's business volume in those countries. The Arab Contractors (AC) is one of the leading construction companies in the Middle East and Africa, and for decades has helped boost ties between Egypt and other African nations.
In Nigeria, Arab Contractors has generated turnovers more than US$1.8 billion. Furthermore, the volume of Arab Contractors' business portfolio in Cameroon is exceeding US$100 million, including Yaoundi road project and the rehabilitation of Dgalobo district at value of US$113 million. Egypt-WIF14-Talking-Business-Presentation.pdf. Untitled. Building on COMESA. Egypt's investment one-stop shop to start operating in two weeks: Minister. Egypt to Reclaim 220,000 Acres Using Solar Energy - News. Wednesday, 08 April 2015 00:00 By Rana Yehia, Daily News Egypt: State Information Services 26 Egyptian, Arab companies start reclamation of 670,000 feddans. Egypt to prioritise Toshka, Minya and Western Desert in land reclamation project. Egypt to prioritise Toshka, Minya and Western Desert in land reclamation project.
Egypt targets FDI worth $60bn over four years. Egypt wants to attract foreign direct investments worth $60 billion and to get an average growth rate of seven per cent over the next four years, the country's planning minister said. Ashraf Al-Arabi also said Egypt was targeting lowering unemployment -- now at about 13 per cent -- to below 10 per cent over the coming four years. World Bank doubles investments in Egypt. Sisi calls on Egyptian firms to contribute to new capital. Suez Canal revenues hit $3.3B in 7 months. A ship is crossing Suez canal - YOUM7 (Archive) Does Egypt Want To Copy China's Development Experience? Suez Canal Photo: Egypt does not want all its energy deals to be restricted to European and U.S. corporations like Siemens and General Electric, said Ibrahim Nawwar, economics expert and former spokesman of the Egyptian industry and foreign trade ministry. Egypt’s New Capital City Revealed. After more than a year of being shrouded in mystery, Egypt’s new capital city has been revealed in a slick, new website that went live on Friday.
Egypt, Arabtec near Agreement on One Million Homes Project: govt. Egypt aims to halt gas imports in 2020 - minister. Army eyes key role in Egypt infrastructure projects. Cairo negotiates to transfer Iranian gas to Egypt. Egypt Seeks Becoming "Global Hub for Energy Trading" - Sisi. Egypt Backs China's Silk Road Initiative. Egyptian business sees fastest growth in three months in Dec -PMI. The Suez Canal Axis Development Project. Proposal of mega information technology projects using PPP technology to revive market. Government studies allow new cement factories to be established: Prime Minister. Over half a million Egyptians offered work contracts abroad: Manpower Ministry. Protocol allows Egyptian companies to work for 5 years in Cameroon's market. An Investment Bank Revives Along With Egypt. Egypt investment prospects valued at $173 billion in 2015.
The real estate market in Egypt is experiencing intense competition. Coca-Cola aims to empower 4,000 Egyptian women by 2016. CAPMAS: Poverty in Egypt increases to 26.3% in 2012/2013. Landmark to open 20 stores in Egypt. EGYPT COUNTRY PROFILE: Army back in business as Sisi returns Egypt to stability. Development Corridor - Elbaz - Projects For Egypt. No Oasis: Cairo's Shiny New Developments Face Water Shortages. Can Egypt’s Development Spur African Economic Renaissance? Suez Canal annual revenues rise 12% in August. Struggling Egypt looks to African neighbours for ICT growth. "e-payment sector in Egypt has enormous potential," says e-finance Egypt. Suez Canal investment certificates to be issued in coming week: Media. Egypt: Army Starts Implementing New Suez Canal Project - Spokesman.
Egypt plans new Suez Canal: ITJ. Egypt reaches first deal to revise gas prices with foreign energy firm. Egypt's Lost Power - Full Documentary. 337 bln in new investments next FY 2014-15: Araby. GAFI to inaugurate three new branches in FY2014-15: official. ASC-075287668-3433-01.pdf. Chinese investments in fiberglass plant reach $235m. Egyptian engineering industries develop plan to increase exports to 31 countries. Al-Sisi targeting 7% GDP growth, 8% unemployment by 2017/2018. Egypt sees a drop in millionaires during Morsy. AOI Egypt signs 10-year contract for production line with Disctech, UAE. Egypt ranks second in the World’s Richest Arabs list: Forbes Middle East. State-owned Funds Will Enable Egypt Finance More Infrastructure Projects. Retailing in Egypt. Suez Canal master plan to be ready in 9 months. Teleperformance Egypt - The Nile Experience. Project Renaissance Egypt Anwar Hamada.
Sawiris to invest $1bn in Egypt. Egypt_private_sector1.pdf. Egypt business activity contracts for tenth month. صباح ON: تشغيل الجسر البري بين مصر والسودان خلال 15 يوم Billionaire Naguib Sawiris Says He'll Increase His Investment In Egypt. A New Egypt for Business and Innovation. Egypt enjoys power surplus due to energy-saving measures by public - Economy - Business.
Egypt banks reduce yields on LE7 bn worth of t-bills - Economy - Business. Russia to increase 2013/14 wheat shipments to Egypt - Economy - Business. Egypt debt insurance costs fall sharply: Markit - Economy - Business. Former Egypt central bank governor offered interim premiership. Market Update: Egypt bourse soars, breaks records after Morsi ouster - Economy - Business. #honaal3asema - هنا العاصمة - القوات المسلحة تشكف خطط تدمير الأنفاق في سيناء. <4D6963726F736F667420576F7264202D20E3E3D120C7E1CADAE3EDD120DDED20C7E1D5CDD1C7C120C7E1DBD1C8EDC92E646F63> - مشروع-ممر-التنمية-ما-له-وما-عليه.pdf. مشروع نهضة مصر- حمادةأنور هنا العاصمة - تفاصيل مشروع تنمية إقليم قناة السويس Egypt's top companies: the Power 34. Egypt reaps EGP 13.5bn in custom duties. Home Page. Mubarak's Dream Remains Just That In Egypt's Desert. The new valley project. ممكن - بورسعيد ستكون عاصمة التجارة فى مصر