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Egyptian Commercial Office in Dubai Machinery and Equipment Companies Table of Contents • Egypt: Facts and Figures 4-5 • Overview of Egypt’s Economy 6-7 • Overview of the Engineering Sector in Egypt 8 • Council • Council Strategy and Activities 10-11 • Machinery and Equipment and Companies 14-31 3 first pages 2nd directory.indd 3 7/5/14 5:58 PM Egypt: Facts and Figures Egypt Source Flag Map CIA World Fact Book Capital Cairo Population 86.8 million CIA World Fact Book GDP ( official exchange rate for year $ 262 billion World Bank 2003 USD = EGP 6.87 ) GDP per capita – 2013 $ 6,600 World Bank GDP real growth rate - 2013 1.8% CIA World Fact Book Agriculture: 14.5% GDP composition by sector of Industry: 37.5%. CIA World Fact Book origin - 2013 Services: 48% Total Exports -2013 $ 21.4 billion GOEIC/Trade Map Total Imports - 2013 $ 57 billion Trade Map Total Engineering Exports - 2013 $ 2.2 billion GOEIC/Trade Map Total Engineering Imports - 2013 $ 14.5 billion Trade Map 4 first pages 1st directory.indd 4 7/5/14 6:56 PM Egypt: Facts and Figures مصر المصدر العلم الخريطة CIA World Fact Book العاصمة القاهرة عدد السكان بالنسمة 86.8 مليون CIA World Fact Book الناتج المحلى االجمالى )سعر التحويل World Bank الرسمي لسنة 2013 بالدوالر = 6.87 جم( 262 مليار دوﻻر الناتج المحلى للفرد - 2013 6,600 دوﻻر World Bank معدل نمو الناتج المحلى - CIA World Fact Book %1.8 2013 الزراعة: %14.5 تكوين الناتج المحلي حسب القطاع - 2013 الصناعة: CIA World Fact Book %37.5 اخلدمات: %48 اجمالى الصادرات - 2013 21.4 مليار دوﻻر GOEIC/Trade Map اجمالى الواردات - 2013 57 مليار دوﻻر Trade Map اجمالى الصادرات الهندسية - 2013 2.2 مليار دوﻻر GOEIC/Trade Map اجمالى الواردات الهندسية - 2013 14.5 مليار دوﻻر Trade Map 5 first pages 1st directory.indd 5 7/5/14 6:56 PM Egypt,s Economy Overview Invest in Egypt Located at the crossroads of Asia, Africa and Europe and blessed with significant marine routes, Egypt’s strategic location serves as an ideal gateway for exporting and trading with the world. Exports have been vital to Egypt’s economy with the total value of non-oil exports increasing from USD7.25 billion in 2004 to USD21.4 billion in 2013 (GOEIC Report). Moreover, North African countries have witnessed growth in FDI flows and much of the growth was due to rise in Investment in Egypt, according to the 2013 World Investment Report by the United Nations Conference on Trade and Development (UNCTAD). Furthermore, the General Authority for Investment (GAFI) implements investor-friendly policies and procedures to facilitate doing business in Egypt. GAFI’s one stop-shop aims to facilitate new investments within 72 hours by bringing several major ministries under one roof. New projects specialized in the field of industrialization and financed with foreign capital are exempted from taxation from five to ten years. Likewise, payments of interest on foreign loans are also exempted from taxes and certain custom duties. The Investment Incentives and Guarantees Law of 1997 established Free Trade Zones (FTZs) offers exemption from import duties, sales taxes, and taxes and fees on capital goods to firms located in FTZs. Moreover, the government strives to support all investments in Egypt through efficient training, supplier development, technology centers and export tax rebate incentive programs. 6 first pages 2nd directory.indd 6 7/5/14 5:58 PM Overview of Egypt’s Economy Free Trade Agreements: 1- EU-Egypt Partnership Agreement 2- Egypt-EFTA Partnership 3- Qualifying Industrial Zones (QIZ) 4- Agadir 5- Greater Arab Free Trade Agreement (GAFTA) 6- COMESA (Common Market for Eastern and Southern Africa) (19 African Countries) 7- Egypt Turkey Free Trade Agreement 8- Egypt-MERCOSUR Agreement 9- French Debt for Equity Swap For more information on Trade Agreements, please refer to http://www.gafinet.org/English/Pages/TradeAgreements.aspx For more information, please visit The General Authority for Investment (GAFI) website http://www.gafinet.org 7 first pages 2nd directory.indd 7 7/5/14 5:58 PM Overview of the Engineering Sector in Egypt Engineering and Electronics exports have tripled from EGP 4.7 billion to EGP 15.2 billion between 2005-2013 – a compound annual growth rate of 15.6%. Egypt’s Engineering Sector has attracted foreign direct investment in the following industries: Home Appliances Industry, Electronics Industry, Vehicle Industry, Machinery Industry, Metal Forming Industry and Automotive Feeding Industry. 8 first pages 2nd directory.indd 8 7/5/14 5:58 PM Council Profile Founded in October 2005, the Engineering Export Council of Egypt (EEC-EG) aims to grow engineering exports by offering services targeted at improving the product quality and competitive advantage of its member companies. Further, the Council acts as a one stop shop for its members by linking them with governmental agencies and export service providers. Finally, the Council focuses on supporting engineering exporters by helping them to benefit from the government’s export strategy and the incentive programs tied to it. 9 first pages 2nd directory.indd 9 7/5/14 5:58 PM Council Strategy and Activities EEC-EG has developed a market-focused export strategy designed to increase the competitiveness of its member firms by offering a wide range of services: • Preparing market studies of promising, untapped markets. • Identifying target markets and target products to expand globally and penetrate new markets by utilizing export service providers in the following sectors: Training (vocational, technical and managerial), Promotion and Research, Information Organisations, and Financial Services. • Organizing inward and outward trade missions to key markets and participating in international fairs and exhibitions. • Establishing transparent investment channels and strategic communication networks with service providers in the export field. • Assisting exporters to gain technical and financial support through International donors such as ITC Geneva, USAID, CBI/Netherlands and UNIDO. • Assisting in business matchmaking. • Customizing training programs in the engineering and electronics industries. • Arranging monthly workshops for members to share information regulations, rules, and non-tariff barriers. • Assisting members with up to 70% financial support in order to facilitate participation in international exhibitions in the field of engineering and electronics. • Helping members to receive financial support on shipping to Africa – i.e. 50% of the value of freight. • Assisting members to receive financial support (export incentives up to 10% of export value) based on the percentage of the local components used in the product, as well as complying with environmental and quality standards, while using renewing energy sources. 10 first pages 2nd directory.indd 10 7/5/14 5:58 PM The Council is a One Stop Shop Connecting Exporters and Investors to Export Service Providers Training and Capacity Building • Industrial Modernization Centre (IMC) • Industrial Training Council (ITC) • Foreign Trade Training Centre (FTTC) • Productivity and Vocational Training Department (PVTD) • National Academy for Science and Skills (NASS) • Technology Centres • SME Unit (Egyptian Banking Institute) / Central Bank of Egypt Promotion • Small and Medium Enterprises Exporters Association • Egypt Expo and Convention Authority (EECA) • Egyptian Export Promotion Centre (EEPC) • Egyptian Commercial Services (ECS) • General Authority for Free Zones and Investment (GAFI) Financial Support • Social Fund for Development (SFD) • Export Development Fund (EDF) • Export Development Bank of Egypt (EDBE) • Export Credit Guarantee Co. of Egypt (ECGC) • The Environmental Compliance Office at the Federation of Egyptian Industries (ECO) Trade Services • Egyptian International Trade Point (EITP) • General Organization for Export and Import Control (GOEIC) 11 first pages 2nd directory.indd 11 7/5/14 5:58 PM 2nd DIRECTORY LAYOUT.indd 2 6/28/14 5:14 PM Seperator FINAL hires.pdf 2 6/27/14 10:43 AM C M Y CM MY CY CMY K Machinery and Equipment Companies Machinery and Equipment Companies Machinery and Equipment Industry Facts and Figures The Machinery and Equipment Industry in Egypt is one of the largest industries in terms of exports, not only covering machines, but also agricultural equipment and fire extinguishers. This vital industry made up 1.3% of total engineering exports during 2010-2013. Main Products • Industrial Machines • Heavy Equipment • Agricultural Machines and Tools • Fire Extinguisher Systems Industry exports were USD22.3 million in 2013. • There are over 490 companies in the Machinery and Equipment Industry with a workforce of 37,200 and total investment of USD660 million. 14 2nd DIRECTORY LAYOUT.indd 14 7/6/14 8:35 PM MachineryMachinery and and Equipment Equipment Companies Industry Main Markets and Regions • Saudi Arabia • Qatar • Sudan • Germany • France • Belgium • Nigeria • UAE Machinery and Equipment Markets by Region 2010- ‐2013 Arab Countries Africa EU Remaining Countries 15 2nd DIRECTORY LAYOUT.indd 15 7/6/14 8:35 PM 2nd DIRECTORY LAYOUT.indd 16 7/6/14 8:35 PM Machinery and Equipment Companies Agricultural Equipment • Mabrouk International Company for Engineering Industries • Tanta Motors Machines and Equipment • Alex Electronics Company • Badawy Hydraulic Equipments - BEECO • Egyptian Engineering Company (MORCOS) • Engineer Mansy for Medical Packing Company • Engneering Company for Food Industries Equipments • HI-TEK Engineering • Man Machine • Super Pack for Manufacturing Packing Machinery • The Arab Contractors - Osman Ahmed Osman and Company • Univent • CAD CAM HOUSE-CCH Fire Extinguishers
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