The Arab world’s second-largest economy, with a GDP of $229bn in 2011 according to the World Bank, has faced exceptional economic circumstances since the start of its political transformation 18 months ago. The turbulent process set in motion then has continued in 2012, and its effects are to be seen across the nation’s balance sheet – from a...
The capital markets, like the wider economy, have been subject to the effects of the historic political events that unfolded in Egypt during 2011. Uncertainty has bred volatility: a rapid decline in value over 2011 was followed by a record recovery in the first quarter of 2012. However, with parliamentary elections successfully concluded and signs...
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...
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