Editor’s Note: As the Egypt revolution begins to have a wider economic impact, we are tracking the developments on this Egypt Page.  Will Egypt emerge as a stronger economic player from this?  Who are the key players who will shape its economic future? These are some of the issues we are tracking here with you and providing regular facts & updates organized by various key categories.  Please send in your suggestions, and tips or comment below:

Business facts & updates by category:

(Updated Feb 15th, 2011)

Major Industry UPDATES

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Key Facts & UPDATES

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Wael Ghonim Interview Excerpt
Wael Ghonim: “Egypt Can be Silicon Valley of Region” (Bloomberg Video. Click to view)

Congratulations to the People of Egypt!

TourismKey facts:

  • Tourism Revenue: $10.8bn in 6% of GDP 2009
  • 12.5 million people holidayed in Egypt (2009). The greatest number of tourists come from Russia, Britain and Germany.
  • 12% of work-force in tourist-related sectors.

Updates:

Technology & Outsourcing Park – Smart Villages

Key facts:

  • Egypt’s offshore outsourcing industry is estimated by the government at about $1.1 billion.
  • Smart Villages is a 600 acre high-tech office park, at the outskirts of Cairo. It is home to government IT agencies and several U.S. companies such as Microsoft and Hewlett-Packard.

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Key facts:

  • Egypt is a major food producer and exporter and employs 500,000+ people.
  • Represents an estimated 20% of Egypt’s overall GDP (Egypt’s Food Export Council (FEC).
  • Annual sales from the entire sector exceed US$18bn (FEC)
  • Major multi-nationals: Kraft Foods, Heinz, Nestle, Danone, Pepsico, Carrefour, Savola Group.

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Suez Canal (Photo: Argenberg on Flickr)

 

 

Key facts:

  • Closure of Suez Canal would divert oil tankers around southern tip of Africa, adding approximately 6,000 miles to transit.
  • Egypt’s own oil production is about 685,000 bpd and consumption is slightly higher at 710,000 bpd.
  • Has the largest oil refining sector in Africa.
  • Natural gas reserves are third highest in Africa after Nigeria and Algeria.
  • Provides natural gas via pipeline to Israel, Lebanon, Jordan and Syria.

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Goto page tracking Corporate Responsibility during this crisis

[table id=3 /]Updates:

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Goto page tracking Corporate Responsibility during this crisis

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