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Profile
Alexandria is the main port of Egypt, with
a capacity to handle more than of 20 million
tons/year.
Despite
criticism for its failing infrastructure
and faulty administration it handles almost
35% of Egypt's seaport handling capacity.
|
|
Country
Rankings
for Egypt
|
|
| Ease
of Doing Business World Bank '05 |
141
of 155
|
Low*
|
Corruption
Perception
Transparency International '05 |
70
of 159
|
Med
|
Growth
Competitiveness
World Economic Forum '05 |
53
of 117
|
Med
|
| National
Literacy |
58%
|
Low
|
GDP
Growth
(2004 est.) |
4.5%
|
Low
|
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It
is home to the Alexandria Stock Exchange, which
returned over 100% on investment last year, and
a public free zone where companies can establish
storage, manufacturing, processing, and repair
operations.
The
Alexandria Stock Exchange took part in a high
level meeting conducted under the auspices of
the International Chamber of Commerce on regulation
and corporate governance standards.
Given
the need for private sector development and the
support of new business development, the International
Finance Corporation (IFC), recently signed an
agreement with Egypt's Governorate of Alexandria
and the country's General Authority for Investment
and Free Zones to help simplify the registration
of new businesses in Alexandria.
The
Alexandria Mineral Oils Company (AMOC) made its
initial public offering late last month of a 20%
portion of company equity. Citigroup is currently
the lead adviser on the privatization of Bank
of Alexandria, Egypt's fourth largest state-owned
bank. Small business grows in Alexandria as well.
Amr El-Abd, aged 26 and a local of Alexandria,
runs the Entrepreneurs' Business Forum (EBF),
an NGO based in Alexandria which seeks to bring
together successful and aspiring entrepreneurs
and aims to become a center for entrepreneurial
knowledge.
Source:
Population:
2004 or latest: http://www.citypopulation.de;
GDP Data: 2004 CIA Fact Book estimate; Literacy:
UN estimate
*
Country Ranking Codes: A relative color coding
of where the country falls compared to the 20
other Muslim countries represented in this list.
Hgh/Green=Top 3rd; Med/Yellow=Mid 3rd; Low/Orange=Bottom
rd
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