BNP PARIBAS In Egypt - Teb.com

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Business Environment – important indicatorsIndicator Egypt MENA OECDDealing with Construction Permits 156Procedures (number) 25 19 15Time (days) 218 159 157Cost (% of income per capita) 332 358 56Getting Credit 71Strength of legal rights index (0-10) 3 3 7Depth of credit information index (0-6) 6 3 5Public registry coverage (% of adults) 3 5 9Private bureau coverage (% of adults) 8 11 60Trading Across Borders 29Export Documents (number) 6 6 4Time to export (days) 14 23 11Cost to export (US$ per container) 737 1,035 1,090Import Documents to (number) 6 7 5Time to import (days) 15 26 11Cost to import (US$ per container) 823 1,222 1,146
Egypt & Turkey – Growing SynergyFavorable Political and businessCooperation•The Free Trade Agreement signedon December 27, 2005•As a result, around 140 Turkishfirms (working in various sectors)have opened in Egypt with totalinvestment of USD 500 Mio.•Two Turkish Industrial Zones areunder construction. (one in 6th ofOctober 2 Mio m2, another one in10th of Ramadan City 2 Mio m2).Almost 200 Turkish companies areexpected to operate in thoseIndustrial Zones.What Attracts Turkish Investors to Egypt• Egypt is one of the largest signatories ofbilateral trade, investment and double taxationtreaties• Advancement of Turkish companies in terms oftechnology and managerial knowledge,,• Egypt is a main gate to penetrate othereconomic zones, due to its geographical• QIZ’s (Qualified Industrial Zone) export toUSA with no quotas and custom duty• Lower operating cost (cheaper Labour cost,Energy cost,)BNP Egypt and TEB’s• Implementation of the Turkish desk in BNPEgypt in 2007.•Attracting 40 very active corporate accounts andaccompanying them in the start up phase•Volumes started with USD 3 Mio in 2007 toreach 21 Mio in 2008, mostly in Int’l LGs
Page 5 and 6: Egyptian Economy Overview: Major Ec
Page 10 and 11: Trade balance reflects the growth i
Page 12 and 13: BNP Paribas in Egypt : Organic Grow
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BNP PARIBAS In Egypt - Teb.com

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