|
City
Profile
Cairo's
stock exchange produced a 120% return in
2004 reflecting a thriving domestic economy.
Orascom
Holding, with mobile telecom interests in
Europe, Asia and Africa is the symbol of
Egypt's modern economy centered around Cairo.
|
|
Country
Rankings
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%
|
Med
|
GDP
Growth
(2004 est.) |
4.5%
|
Med
|
|
While
Egypt ranks among the bottom 30 countries in the
world in ease of conducting business, according
to the recent World Bank/IFC report Doing Business
in 2006, recent reforms made to customs and trade
procedures are seen as bold steps, driving the
biggest improvements in the Doing Business indicators
for the country. In the list of top 12 reformers
for 2004, Egypt came in sixth place.
Minister
of Investment Mahmoud Mohieddin has recently declared
all public-sector companies for sale regardless
of whether they are profitable or not. Mohieddin
said out of about 170 companies, 47 will be offered
for sale during the current fiscal year. He added
that the strategy is aimed at keeping up with
global governance trends that charge the state
with the role of regulation and the private sector
with production.
Emaar
Misr for Development recently signed a LE 68 million
contract to buy about 245 square meters along
kilometer 29 on the Cairo-Alexandria desert highway,
opposite the Smart Village, to set up a number
of development projects, including a hotel and
luxurious housing units, as well as a shopping
center.
In
late September, the Turkish-Egyptian Business
Council held its meeting in Cairo.
The meeting was chaired by the Turkish Industry
& Trade Minister and Egyptian Industry &
Foreign Trade Minister Rasheed Mohammad.
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
Back
to Leading Business Cities List
|
