Investment in Alexandria

Egypt’s social-economic objectives, including unemployment, require high growth, which in turn requires raising the level of investment substantially. No doubt that any increase of investment will have to come partly from abroad in a variety of forms, including foreign direct investment (FDI) which brings not only financial resources, but more importantly technology, management know-how and access to international markets.

To get more private investment, whether domestic or foreign, there is no choice for the government but to aggressively and deliberately continue to improve the investment environment in the country. A range of initiatives is already underway to liberalize the economy, to render it more export and outward oriented, and to improve the investment environment. Among such initiatives are the passage of many pieces of legislation (e.g. investment law (No.8) and company law), the expansion of the privatization program, the launch of a number of large scale projects, continuous efforts at improving physical infrastructure, new attempts at streamlining investment procedures at the central and local levels, and liberalization in the capital markets.

Alexandria:

Alexandria was founded – in 332 BC – and for almost one thousand years, it remained the capital of Egypt until the Arab conquest. Thereafter, Alexandria’s influential role persisted, not only in the history of Egypt, but also in the Mediterranean. Its distinct site and economic potentials made it possible for Alexandria to continue playing the same role efficiently till the present.

Currently, Alexandria is considered the shining pearl of the Mediterranean. It covers an area of 2820 km, and its urban area cover about 6% of this total. It’s population reached approximately 5 millions and the population growth rate is about 1.6% annually.

Alexandria is known to be the leader in the development of small businesses. 30% of the industry in Egypt is located in Alexandria and 80% of the trade goes through the ports of Alexandria.

Alexandria is a major center for education; the Alexandria University, the Arab Academy for Science and Technology all represent a source for high quality manpower. The development of the best Human Resources has been the objective of Alexandria for years.

The Northern coast represents a virgin land for all types of projects, Tourism, Agricultural, industrial, etc.

In 1996 the governorate of Alexandria established the “Investors’ Service Bureau” as a central office to provide investors with all required services and information. The first task of the Bureau is the development of an investment map for the city that illustrates the following fields of investment:

Touristic Investment Agricultural Investment

Industrial Investment Investment in Transportation

Investment in Commerce Developing the Northern Coast