OBG launches Egypt report
Cairo, July 28, 2010
The Oxford Business Group (OBG), a global publishing, research and consultancy firm, has released its new country report on Egypt, which maps the country’s bid to increase the appeal to investors by carving out cluster-zoned industrial developments.
The Report: Egypt 2010 explores how the government plans to balance spending, aimed at tackling the effects of the global downturn, with reducing its budget deficit, a statement said.
It also provides comprehensive coverage of the steps Egypt has taken along the path of economic reform, analysing the results of initiatives such as the introduction of value added tax (VAT) and the liberalisation of foreign trade, it added.
The global publishing, research and consultancy firm’s report includes a detailed, sector-by-sector guide for investors, together with a wide range of interviews with the most prominent political, economic and business leaders.
It provides an insight into the extensive overhaul which the main stock index and exchange have undergone and considers the promising prospects for new listings and IPOs during the coming year after a quiet 2009.
With the government’s ambitious plans to boost growth by driving up investment, OBG’s new report includes comprehensive coverage of the ambitious expansion plans earmarked for Egypt’s industrial sector.
The Report: Egypt 2010 considers the move to redirect profitable hydrocarbons to export markets, while also highlighting the opportunities set to emerge in renewable energies as the government explores initiatives such as solar thermal plants and wind farms.
With the country in the midst of a construction boom, The Report: Egypt 2010 puts the real estate sector under the microscope in a wide-ranging round table featuring the views of three high-profile players from the industry, according to the statement.
“The government’s ongoing strategy of fostering free trade agreements is facilitating exports, while reforms such as reducing corporate income taxes and increasing banking supervision are attracting investors,” said Robert Tashima, OBG’s regional editor.
“This multi-pronged approach bodes well for Egypt’s bid to boost growth and is explored in detail in our new report on the country’s economic activity and investment opportunities.”
“Oxford Business Group values the high level of expertise and local knowledge which our partners have in their field,” Tashima continued. “As Egypt continues along the road of economic reform and industrial development, I am confident that these exciting developments have been captured in our new report thanks to the valuable input from our partners.”
“By providing us with accurate and comprehensive data, they have enabled us to produce an unrivalled report which members of the international business community will find invaluable when they are making their investment decisions,” he concluded. – TradeArabia News Service