UK INVESTMENT IN EGYPT Alexandria Chamber of Commerce, 21 January 2013 Presentation by Taher El...
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UK INVESTMENT IN EGYPTAlexandria Chamber of Commerce, 21 January 2013
Presentation by Taher El SherifSecretary General, The EBCC
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CONTENTS • Global investment in Egypt
• UK share of investment in Egypt
• Why invest in Egypt?
• UK/Egypt trade statistics
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GLOBAL INVESTMENT IN EGYPT
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EGYPT’S NET FDI (IN US$ BN)1980 - 2011
Source: World Bank
Egypt’s economic reform programme of 2004 creates a favourable investment environment in Egypt. Net FDI flourishes from 2005.
The 25th January revolution leads to a steep decrease in net FDI to US$ -1.108bn in 2011.
For the first time in 30 years, FDI outflows are higher than inflows.
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EGYPT’S FDI INFLOWS(IN US$ BN)1980 - 2011
Egypt’s net FDI almost equals its FDI inflows. FDI outflows are minimal.
2011 is the first year that FDI outflows are higher than inflows, leading to a negative net FDI of US$ -1.108bn.
Source: World Bank
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EGYPT’S FDI BREAKDOWN (IN %)
Establishment of new companies and expansions of companies in operation accounted for 42.9 percent of net FDI flows during the period from FY 2004/05 to FY 2008/09.
Source: Central Bank of Egypt
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SECTOR DISTRIBUTION & SHARE OF EACH SECTOR IN TOTAL FDI IN EGYPT (US$ MN)
2009/10
% Share 2010/11
% Share
Manufacturing 456.3 4.1 803.9 8.4
Agriculture 261.6 2.4 30.4 0.3
Construction 303.8 2.8 108.8 1.1
Finance 873.9 7.9 114 1.2
Services 382.6 3.5 207.2 2.2
Tourism 246.9 2.2 158 1.7
Communications & IT
62.8 0.6 7 0.1
Real estate 305.3 2.8 134 1.4
Petroleum 7577.4 68.8 7014.7 73.3
Other 537.5 4.9 996.4 10.4Source: Central Bank of Egypt
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FDI & PORTFOLIO INVESTMENT IN EGYPT IN%
Quarterly FY 09/10 – FY 10//11
Source: Central Bank of Egypt
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UK SHARE OF INVESTMENT IN EGYPT
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UK NET FDI OUTFLOWS TO EGYPT (IN £MN)1992 - 2011
Source: OECD Statistics
The total accumulated UK investment in Egypt reaches £5,686 over 20 years
Investment breakdown:Oil & gas - 60%Manufacturing – 15%Finance - 10%ICT - 8%Tourism – 5%Others – 2%
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TOP INVESTOR COUNTRIES IN EGYPT IN %Q1 2011/2012
Inflows: US$2.69bn
Outflows: US$ 2.26bn
Net FDI: US$ 440.1mln
In Q1 of FY 2011/12 the UK invests US$ 1.3bn in Egypt.
This investment equates to 61% of total EU investment in Egypt (US$ 2.12bn).
Source: Central Bank of Egypt
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WHY INVEST IN EGYPT?
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WHY INVEST IN EGYPT?
Current circumstances
• Security concerns• New Islamic regime• Instable political situation• Shortage of government resources• Non-conducive investment environment
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WHY INVEST IN EGYPT?
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WHY INVEST IN EGYPT?
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WHY INVEST IN EGYPT?
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WHY INVEST IN EGYPT?
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Jan-Oct ’11 Jan-Oct ‘12 % Change
Egypt Exports 700 525 -25
UK Exports 849 755 -11
Trade Volume 1,549 1,280 -17
UK Balance 149 230 +54
UK-EGYPT TRADE STATISTICS Jan-Oct YOY in £MN
World Ranking UK Exports
56 Romania
60 (-2 YOY) Egypt
61 Greece
World Ranking UK Imports
75 Argentina
76 (-7) Egypt
77 Kazachstan
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THANK YOU
Presentation by Taher El SherifSecretary General, The EBCC
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