BNP PARIBAS In Egypt - Teb.com

Egyptian Economy Overview: Major Economic SectorsReal Estate/ Construction SectorThe government has ambitious plans to transform the country’s infrastructure.Raw material costs are falling due to the global economic downturn. Despite the crisis OCI reported a net profit rise of 230% y-o-y for 2008.About 25% of the building materials used in Egypt are imported, with 75% produced locally “either by domesticmanufacturers or as a result of co-operation with a foreign company under license of JV.Information Technology sector: Huge potential in domestic market, with a population of 80 Mio and low computer penetration. Government programmes, such as newly expanded “PC for every home” and “Notebooks for business” Relatively constructive economic outlook, Government drive to make Egypt an outsourcing center. E-Government services are increasingly providedTelecommunication sector:Presence of significant international investors, Orange, Etisalat Misr and Vodafone in the mobile Sector.Mobile market still has potential to grow, with a penetration rate of just under 57% at end-2008, penetration rates alsoreflect registered rather than active user base.Acquisition of 3G licenses by all three mobile operators.