THE COMPANY: TMG Holding, with its 50m-sq-metre land bank, is among the largest and most diversified real estate developers in Egypt and caters to the middle- to upper-middle-income classes. The development schedule of its land bank extends beyond 2020, driven mainly by its flagship project Madinaty,...
Going off an already established production base, international players are expanding their local presence. In a large market with low levels of vehicle ownership, Egypt’s automotive industry is promising. Although sales suffered in 2011 due to the revolution and economic slowdown, sector leaders are confident that signs of recovery in 2012 will...
THE COMPANY: Telecom Egypt (TE) is Egypt’s incumbent telecommunications operator, controlling the country’s only fixed-line network, with 8m subscribers as of the end of 2011. It participates in the mobile sector by providing interconnectivity to operators via its infrastructure and through a 44.95% stake...
THE COMPANY: SODIC operates as a master developer of residential properties, as well as commercial and retail projects, targeting the upper-middle to high-end segments. It has a 6m-sq-metre land bank in Egypt, distributed over eastern Cairo (Eastown), western Cairo (Westown), and the Alexandria Desert...
Efforts to boost industrial output, which were gathering momentum prior to Egypt’s political unrest of 2011, are more than an attempt to simply bolster GDP growth. A persistently high unemployment rate, which grew to 9% in 2010, according to Egypt’s Central Agency for Public Mobilisation and Statistics (CAPMAS), and reached 12.4% in 2011, has made...
Petrochemicals are a central feature of Egypt’s industrial strategy, making up about 3% of GDP. The sector first began to grow in the early 1950s, when ammonia was generated from surplus fuel from the country’s refineries. By 2010 the industry had grown to 86 companies, 15 of which operate in one of Egypt’s export-oriented free zones. Both the...
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