The economy of Egypt used to be a highly centralized economy, focused on import substitution under president Gamal Abdel Nasser (1954–1970). During the rule of president Abdel Fattah el-Sisi (2014–present), the economy follows Egypt's 2030 Vision. The policy is aimed at diversifying Egypt's economy. The country's economy is the second largest in Africa after Nigeria regarding nominal GDP, and 41st in worldwide ranking as of 2022.
Transport in Egypt is centered in Cairo and largely follows the pattern of settlement along the Nile. The Ministry of Transportation and other government bodies are responsible for transportation in Egypt, whether by sea, river, land or air.
Sharm El Sheikh, commonly abbreviated to Sharm, is an Egyptian city on the southern tip of the Sinai Peninsula, in South Sinai Governorate, on the coastal strip along the Red Sea. Its population is approximately 73,000 as of 2023. Sharm El Sheikh is the administrative hub of Egypt's South Sinai Governorate, which includes the smaller coastal towns of Dahab and Nuweiba as well as the mountainous interior, St. Catherine and Mount Sinai. The city and holiday resort is a significant centre for tourism in Egypt, while also attracting many international conferences and diplomatic meetings. Sharm El Sheikh is one of the Asian cities of Egypt.
Saudi Binladin Group, known as Binladin Group Global Holding Company since 2019, is a multinational construction conglomerate headquartered in Jeddah, Saudi Arabia. In 2011, the Saudi Binladin Group signed a US$1.23 billion contractual agreement to construct the tallest building in the world, Jeddah Tower in Jeddah. They are also party to a US$3.4 billion agreement to construct the Doha Metro located in Doha. The conglomerate comprises an estimated 537 companies. The group's founder was Mohammed bin Awad bin Laden, the father of Islamic terrorist Osama bin Laden.
HSBC Bank Egypt SAE is a multinational bank in Egypt, providing a wide range of banking and related financial services through a network of 100 branches and 20 mini bank units in Cairo, Alexandria, Sharm El Sheikh, Hurghada, Borg El Arab and 6th of October City.
6th of October is a city in the Giza Governorate of Egypt. It is a satellite city, located adjacent to Giza, and is part of the Greater Cairo Region. Per the 2017 national census, it had a population of 450,000 people.
El Rehab is a district of New Cairo and a part of Greater Cairo, in the Cairo Governorate, Egypt. It is a private city built by the Talaat Moustafa Group. El Rehab is a fully-fledged community, which creates a comprehensive, integrated residential scheme within the New Cairo plan. It covers an area of about 9 km2 to accommodate 200,000 residents. There are 10 phases, each covering an area of 220 feddans. Each phase is a complete district offering two kinds of housing arrangements: villas and apartments. All facilities are interconnected throughout the ten different phases to include educational, medical, commercial, sports club, recreational, and maintenance facilities.
Naguib Onsi Sawiris is an Egyptian billionaire businessman. Sawiris is chairman of Weather Investments's parent company, and the former chairman and CEO of Orascom Telecom Holding and Orascom Investment Holding S.A.E.
Tourism is one of the leading sources of income, crucial to Egypt's economy. At its peak in 2010, the sector employed about 12% of workforce of Egypt, serving approximately 14.7 million visitors to Egypt, and providing revenues of nearly $12.5 billion as well as contributing more than 11% of GDP and 14.4% of foreign currency revenues.
Madinaty is an 8000 acre real estate development project, in the New Cairo satellite city, in the Eastern Area of Cairo, Egypt.
Suzanne Tamim was a Lebanese singer who rose to fame in the Arab world after winning the top prize in the popular Studio El Fan television show in 1996. She was murdered in Dubai in July 2008. She was born and raised in a Sunni Lebanese family.
Hisham Talat Moustafa is an Egyptian real estate mogul and former chairman and current head of the Real Estate Branch of the Talaat Moustafa Group. He had been elected in 2004 to the Shura Council in the Parliament of Egypt. In 2007 his net worth was estimated at $800 million, with multiple Credit Suisse accounts per Suisse secrets, even after he was arrested in September 2008 and found guilty in May 2009 in the murder of Lebanese singer Suzanne Tamim. His sentence to death by hanging was overturned on a legal technicality. Following a retrial in 2010, he was sentenced to 15 years' imprisonment. Moustafa was released after 9 years in June 2017 after receiving a presidential pardon and returned as Chief Executive and Managing Director of Talaat Moustafa Group.
Mohsen al-Sukkari, is an Egyptian former police officer who, on 28 July 2008 murdered the well-known Lebanese artist Suzanne Tamim in Dubai, UAE on orders of Egyptian business tycoon and member of the Egyptian Parliament Hisham Talaat Moustafa in return for $2 million paid by Moustafa, according to statements made by the murderer to the investigators in Cairo.
Sherif Ismail was an Egyptian engineer and politician who served as the prime minister of Egypt from 2015 to 2018. He was also the minister of petroleum and mineral resources from 2013 to 2015.
The Egypt Economic Development Conference (EEDC) was a three-day event that took place in the Egyptian Red Sea resort of Sharm El Sheikh, Egypt. On March 13, 2015, over 2,000 delegates from 112 different countries arrived in Egypt to attend the conference.
Sphinx International Airport is a public airport, serving the city of Giza, on the western side of Cairo, Egypt.
The Nile Hilton Incident is a 2017 Swedish thriller film directed by Tarik Saleh. It was screened in the World Cinema Dramatic Competition section of the 2017 Sundance Film Festival. It was awarded the World Cinema Grand Jury Prize: Dramatic. The film discusses the corruption of Egyptian police before the 25 January Revolution. The plot is inspired by the murder of the Lebanese Arab singer Suzanne Tamim in Dubai in 2008. At the 53rd Guldbagge Awards, the film won five awards, including Best Film.
The 2018 Africa Beach Soccer Cup of Nations was the third edition of the Africa Beach Soccer Cup of Nations (BSAFCON), the premier beach soccer championship in Africa contested by men's national teams who are members of the Confederation of African Football (CAF). Originally organised by Beach Soccer Worldwide (BSWW) under the title FIFA Beach Soccer World Cup CAF qualifier, in 2015, CAF became organisers and began using the BSAFCON title to which the competition was officially renamed the next year. Overall, this was the 9th edition of the event.
The Housing and Development Bank is an Egyptian bank established in Cairo on June 30, 1979, originally as a state owned enterprise (SOE), with a mandate to alleviate housing shortages by narrowing the gap between the low supply and increasing demand. The bank has since been traded on the Egyptian Stock Exchange (EGX) and has the Reuters code HDBK.CA The bank is a joint-stock company, where at the end of 2021 Egyptian SOEs owned the majority of shares in addition to significant holdings by Saudi Arabian businessmen Abdelmoniem al-Rashed and Ali Dayekh through their Dubai based companies Rolaco EGB Investment LLC 10.00% and Rimco EGT Investment LLC 9.80% respectively. At the end of 2022 HDBK had a market capitalization of £E9.2 billion. Currently, HDB is listed as number 17 in Forbes' Top 50 Listed Companies in Egypt 2023.
LE 19.870 billion (2022)