Egypt

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What can be done to boost domestic production in line with rising demand for staple commodities?

The Beatles hit song about getting by “with a little help from my friends” could well become a theme tune for kick-starting the recovery of Egypt’s tourism sector after more than three years of battering. By 2012 the Ministry of Tourism (MoT) was already appealing to Arabs in the Gulf region to spend their vacations in Egypt to help compensate for the disappearing...

Like many sectors in the country, construction has had more than its fair share of challenges in recent years. Yet in spite of the downside risks, the prospects for the building industry have not been brighter for decades. As Ayman Tolba, the chairman and CEO of Leena Real Estate, told OBG, “Egypt’s young and growing population can support strong growth in the construction of...

How do you foresee demand for dedicated retail property evolving in Egypt?

A tried and tested solution to many breaches of the law throughout the world is to legalise the activity – and then tax it. This is the approach the Egyptian authorities have considered towards the issue of illegal construction. A draft law put forward in August 2014 will permit an amnesty period of six months in an attempt to tackle a problem that has existed for decades, but...

With an eye to the future, Egypt’s Tourism Development Authority (TDA) is concentrating on what seems at first sight some of the world’s most unlikely investment projects. While the tourism industry has been suffering body blows since the revolution of January 25, 2011 – and subsequent upheavals – the TDA has been seeking out investors for major tourist development...

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