Transcript Finance Session Presentation Oct 2014 - The Egyptian

Practical Finance &
Business Planning
R OYA L OVE R SE A S L E AG U E LO ND ON, 1 0 O CTO B E R 20 1 5
Contents
• Egypt’s Economic Indicators
• EGYPT – UK Trade Figures
• Investment Projects in Egypt
• The Suez Canal
• El Dabaa Nuclear Development & The Qattara Depression
• Public Private Partnership Projects (PPP) via the Ministry of Finance
Domestic Economy
2012/13 2013/14
2014/15f
Real GDP growth (%)
2.2
2.2
2.7
Budget deficit (% of GDP)
13.7
12
10
Headline Inflation (%)
Core Inflation Excl. F &E (%)
9.75
7
8.2
8.76
11.49 (a, Aug)
10.07 (a, Aug)
Interest Rate (%)
9.76
10.08
9.25 (a, Sept)
Unemployment (%)
12.7
13.2
12.3a (a, May)
Exports (US $m)
25.072
24.214
31.478
Imports (US $m)
59.211
57.513
63.264
Balance of Trade (US $m)
-34.139
-33.299
-31.786
Gov. Domestic Debt to GDP (%)
87.1
89.3
External Debt to GDP (%)
17.3
15.5 (Q3)
External Sector
Government
Egypt’s Economic
Forecast
UK Trade with Egypt Jan-Jul 2013
Jan-Jul 2014
% change
UK Exports to Egypt
519
587
+13.5
UK Imports from Egypt
392
600
+53
Total Trade Volume
911
1187
+30.3
Egypt’s Trade with
the UK in £m
The Suez Canal Development Project
PROJECT SPANS 225KM ALONG THE LENGTH OF THE CANAL
The Suez Canal
I MPL EME NTAT IO N
Funding
Implementation in Three Phases
•
Phase 1:
• Creation of a Parallel Waterway 35 km (underway)
• Deepening of Current Canal from 45 ft to 66 ft (underway)
• Six Tunnels for Cars, Railway and Utilities to Connect East and West
Banks (underway)
Funding via Suez Canal
Investment Certificates
- LE 64 bn Collected in 8 Days
from Egyptian Investors
•
The Egyptian Government
Expects Foreign Investment from
the US, China, Norway, India,
Russia & the Netherlands.
•
Regional Investment is Expected
from the Gulf Countries; Saudi
Arabia, Kuwait and UAE
Phase 2:
• Creation of an Industrial Zone for Industries such as Textiles,
Production of Machinery, Building Materials, Packaging Factories
and Light Tourism
• Transformation of Port Said & Suez Ports into Global Warehouses
• Construction of a Container Terminal & Shipyard, Wave Breaker,
Dock Walls, Railway Network and Telecommunications Network
• Bunker Ship Service in Suez
• World Hub for Grain Silos in Suez
Phase 3:
• Construction of the Technology Valley in Ismailia
El Dabaa & Qattara
E NE R G Y PR OJ E CTS
El Dabaa
•
•
•
•
•
•
•
•
Egypt’s North Coast on the Mediterranean
First Nuclear Power Station in Egypt
Total estimated investment $20 billion
Part of a Project to Build a Total of Four Reactors
Tender Process for Construction of El Dabaa First
Reactor to Start Late 2014
El Dabaa is Scheduled to be in Operation from 2019
Capacity Between 900 and 1650 mw /hr
Government to Formulate Licensing for Nuclear Energy
Development
Qattara Depression
•
•
•
•
•
North-west of Egypt in the Matruh Governorate
Second Lowest Point in Africa
19,605km2
Hydroelectricity Project
Feasibility Study to be Conducted Shortly
Ministry of Finance – PPP Central Unit
P U B L IC PR IVAT E PA R T NE R SHIP P R OJ ECTS S E P T E MBE R 20 1 4
1. Projects Under Tendering
•
Abo Rawash Wastewater Treatment Plant
Contract Will Be Awarded in Dec. 2014
2. Projects Approved by the PPP Supreme Committee
•
•
•
Nile River Bus Ferry
Cairo Contact Centre Park (CCC)
Rollout & Automation of the Notary Offices
Start Tendering Oct. 2014
Start Tendering Oct. 2014
Start Tendering Dec. 2014
3. Projects under Pre-feasibility Studies (to be tendered Q2 – Q4 2015)
•
•
•
•
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Safaga Industrial Port
Hurghada Desalination Plant
Sharm El Sheikh Desalination Plant
Helwan Wastewater Treatment Plant
Street Lighting Power Consumption Reduction
River Ports for Freight
Building 1000 Public Schools
Start Tendering Jan. 2015
Pre-feasibility Study Complete Nov. 2014
Pre-feasibility Study Complete Nov. 2014
Pre-feasibility Study Complete Nov. 2014
Pre-feasibility Study Complete Oct. 2014
Start Pre-feasibility Study Nov. 2014
Start Pre-feasibility Study Dec. 2014
Thank You
Mr Taher El Sherif
Secretary-General
The Egyptian-British Chamber of Commerce
Tel: +44 (0)20 7499 3100
Fax: +44 (0)20 7499 1070
E-mail: [email protected]
Website: www.theebcc.com