Persian  | KFZO |  About us  |   Contact Us

                                Kish Trade Promotion Center 

 Home  |   Global Net    Iran Business |    Free Trade Zones  |  Exhibition  |  Trade Opportunities  

Kish Overview

Tourist Information

Shopping Centers

Kish Industry

 Investment in Kish

Training

Persian  English

 

 

 

 

Country name:

conventional long form: Arab Republic of Egypt
conventional short form: Egypt
local long form: Jumhuriyat Misr al-Arabiyah
local short form: Misr
former: United Arab Republic (with Syria)

 

Description:

The Mediterranean Sea forms Egypt's northern border, bringing cooler weather to the seaboard city of Alexandria and providing a coastal getaway for Cairo's burgeoning city dwellers.
 

 

Capital:

Cairo (El Qahira). Population: 18.3 million (2008 estimate).
 

Location:

Northern Africa, bordering the Mediterranean Sea, between Libya and the Gaza Strip, and the Red Sea north of Sudan, and includes the Asian Sinai Peninsula

 

 

Map of Egypt

Area:

1,002,000 sq km (386,874 sq miles).
 

 

Population :
81.7 million (2008 estimate).

 

Languages:

Arabic is the official language. English and French are widely spoken

 

Climate:

In April, the hot, dusty Khamsin wind blows from the Sahara, making the touring of sights troublesome: during an intense sand storm, vision may be reduced to a few meters.

Economy - overview:

On taking power in 1952, President Nasser quickly instituted a Soviet-style command economy that was closed to Western investment. After Nasser's death, his successor, Anwar Sadat, gradually dismantled the existing system in favour of a policy of infitah (openness) towards investment. Egypt's economy underwent rapid growth during the 1970s with the swift expansion of the oil industry, tourism and the Suez Canal, and it has continued to expand in subsequent decades.
Annual growth is currently 7% although inflation had crept back to a staggering 18% in the past few years. Unemployment stood at 8.7% in 2008.
The tourist sector is expanding rapidly, particularly along the Red Sea and Mediterranean coasts

Economy:

On taking power in 1952, President Nasser quickly instituted a Soviet-style command economy that was closed to Western investment. After Nasser's death, his successor, Anwar Sadat, gradually dismantled the existing system in favour of a policy of infitah (openness) towards investment. Egypt's economy underwent rapid growth during the 1970s with the swift expansion of the oil industry, tourism and the Suez Canal, and it has continued to expand in subsequent decades.
Annual growth is currently 7% although inflation had crept back to a staggering 18% in the past few years. Unemployment stood at 8.7% in 2008.
The tourist sector is expanding rapidly, particularly along the Red Sea and Mediterranean coasts
 

 

Industries:

textiles, food processing, tourism, chemicals, hydrocarbons, construction, cement, metals

 

Exports:

Crude oil, petroleum products, cotton, textiles and metal products.

• Main trade partners: USA, Italy, China, Spain and Syria.

Imports:

Machinery and equipment, food, chemicals, wood products and fuels.

Exchange rates:

Egyptian Pound (EGP; symbol EŁ) = 100 piastres. Notes are in denominations of EŁ200, 100, 50, 20, 10, 5, 1, 50 piastres and 25 piastres. Coins are in denominations of 25, 20, 10 and 5 piastres. British pounds sterling, Euros and the US Dollar are accepted everywhere although change may be given in Egyptian pounds.

http://www.worldtravelguide.net/country/80/money/Africa/Egypt.html

Daily Exchange Rate

GDP :
US$158.3 billion (2008).



 

 

 

 

Useful links:

 

 

  Copyright By :  Kish Trade Promotion Center  2002