Indian Industry

Country Profile

Egypt
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One of the most populous country in africa and the middle east, egypt is home to around 81,713,517 people. The country had $31.37 billion as reserves of foreign exchange and gold on 31st december 2007. It has total 72 airports with paved runways and 16 airports with unpaved runways. The nation has 92,370 km(approx.) roadways which can be divided into 74,820 km &17,550 km paved and unpaved roadways respectively. It is blessed with natural resources like petroleum, natural gas, iron ore, phosphates, manganese, limestone etc. The GDP stands near to $404 billion with high contribution made by service sector(45.1%) followed by industry sector(41.1%) and agriculture sector(13.8%).

Snapshot

Official Name - Arab Republic of Egypt
Capital City - Cairo
Type of Government - Semi-Presidential Republic
Currency - Egyptian Pound
Fiscal Year - 1 July - 30 June
Official Language(s) - Arabic
Local Time - EET (UTC+2)
International Dialing Code - +20
Internet Domain - .eg
Major Towns/Cities - Cairo,Alexandria, Giza, Shubra
Major Industries - Oil, Natural Gas, Chemical, Steel Production, Textiles, Food Processing
Major Trading Partners - Italy, USA, Spain, UK, France, China, Saudi Arabia, France, Syria
Double Taxation Agreement with India - Yes




Economic Overview
  • Gold mining industry has emerged as one of the fastest growing sector.
  • The service sector is the major GDP contributor.
  • It has huge reserves of gas at around 1,100,000 cubic meters.
  • Government interference has increased the inflow of foreign investment in various sectoral segments.
International Trade
Major Export Items
Crude Oil and Petroleum Products, Cotton, Textiles, Metal Products, Chemicals

Main Destinations of Exports
Italy, USA, Spain, UK, France, Syria, Saudi Arabia

Major Import Items
Machinery and Equipment, Foodstuffs, Chemicals, Wood Products, Fuels

Main Origins of Imports
USA, China, Germany, Italy, Saudi Arabia, France

Contacts of Trade Ministries/ Associations

British Egyptian Business Association Egyptian Businessmen's Association German-Arab Chamber of Commerce in Egypt
124 Nile St.
Agouza, Giza 12411
Egypt
Tel.: +(20)-33375722/ 33375125
Fax: +(20)-37606083
E-mail: office@amcham.or.at
21 Giza St.
Nile Tower, Giza, Egypt
Tel.: +(20)-5723020/ 5736030
Fax: +(20)-5737258/ 5723855
Email: eba@eba.org.eg
3 Abu El-Feda St. Zamalek, Egypt
Tel.: +(20)-3413664

Business Visa Rules
  • Valid passport with 6 months validity remaining along with 2 recent passport size photographs.
  • Application form completely filled and duly signed.
  • A letter written on the company's letterhead, detailing about purpose and job position of employee. It should be signed by authorized person other than applicant itself.
  • The declaration has to made which should clearly indicate who will going to bear all financial expenditures occurred during stay at egypt.
  • Detailed information about your business associate of egypt.
  • Letter of invitation from your business partner or company of egypt.
Business Hours
Offices:   08:30 - 14:30 & are closed on friday
Shops:   08:30 - 14:30(Winter) and 09:00 - 22:00(Summer)

Public Holidays

Festival Date
New Year's Day January 01
Christmas January 07
Birth of the Prophet Date Varies
Sinai Liberation Day April 25
Labour Day May 1
Sham El Nessim Date Varies
Evacuation Day June 18
Revolution Day July 23
Flooding of the Nile August 15
Armed Forces Day October 6
Suez Day / Popular Resistance Day October 24
Grand Feast Date Varies
Islamic New Year Date Varies
Victory Day December 23
egypt


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