Ikhwanweb :: The Muslim Brotherhood Official English Website

Thu93 2020

Last update18:06 PM GMT

Back to Homepage
Font Size : 12 point 14 point 16 point 18 point
:: Issues > Development
Highlighting Egypt's advantageous freight movement.
Highlighting Egypt's advantageous freight movement.
A 108-page study states that Egypt is among the most developed economies in the Middle East and North Africa (MENA) region. In the three years prior to the global recession, the country averaged GDP growth of around 7 percent. Geographically, it is a gateway between the world’s major markets. It also controls the Suez Canal and thousands of kilometres of the Nile River.
Friday, October 16,2009 20:55
IkhwanWeb
A 108-page study states that Egypt is among the most developed economies in the Middle East and North Africa (MENA) region. In the three years prior to the global recession, the country averaged GDP growth of around 7 percent. Geographically, it is a gateway between the world’s major markets. It also controls the Suez Canal and thousands of kilometres of the Nile River.
 
The amount of resources pumped into the compilation and presentation of the report on the untapped potential of international and domestic shipping in Egypt seems a clear indicator of the profits expected from this sector.
Members who attended the presentation included representatives from Egypt’s Investment and Transportation Ministries and regional heads of APL and Frost & Sullivan.
 
Trade agreements such as the US-Egypt Partnership for Economic Growth and Development, the EU partnership agreement, and the Common Market for Eastern and Southern Africa Agreement (COMESA), all represent the government’s “commendable” commitment to encouraging free trade in Egypt.
 
Speaking at the launch of the research in Cairo, APL’s President, South Asia, Mr Goh Teik Poh, said: “Egypt has many natural attributes and a Government commitment to harnessing growth opportunities. By ensuring its freight capacity and capabilities keep pace with demand, it can take its place among the world’s elite trading nations.”
 
Egypt’s positive momentum in recent years has been supported by far-reaching Government-led reforms aimed at making Egypt more trade and business friendly, the report states. This openness has seen Egypt rise up the rankings of, among others, the World Bank Doing Business Survey and World Economic Forum Global Enabling Trade Report. The same surveys highlight opportunities to drive improvement in Egypt’s infrastructure, which is a key focus area of “Connecting Egypt”.
 
To achieve this goal, it is essential to sustain a unified vision for Egypt’s freight transportation and logistics environment, which, according to the survey, would also likely deliver economic and social benefits for Egypt – including the creation of jobs for ordinary citizens. Responsibility for realizing this vision should be shared between the public and private sectors, according to the research.
tags: MENA / Egypt / Mubarak / Suez Canal / Muslim Brotherhood in Egypt / Moderate Muslim Brotherhood
Posted in Development  
Print
Related Articles
Intolerance shows ignorance of Islam
Sliming Goldstone and His Report
New Age Orientalism
On the brink of implosion
Khalid Amayreh Interviewed
DECODING EGYPT: EGYPT AFTER MUBARAK
Oppression extinguished Tunisia's light
Egypt: Blogging Farouk Hosni’s Defeat
Arab media on hard times
Gamal and Nour
Egypt: Trial of officer accused of beating mentally disabled man starts Sunday
Arab Human Development Report 2009
Profile: Dr. Abdel Moneim Abul Fotouh
Challenges to Human Security in Arab Countries
Bloggers held in Egypt without charge
BM News: Brotherhood to start campaign if bloggers not released
Three bloggers detained, says rights group
Crackdown on Egypt’s Islamist bloggers
Egypt loves their bloggers – in handcuffs that is
’The bottom line’