Egypt 1 billion 600 million consumer market to enjoy the lack of LED suppliers

Egypt is the third largest economy in Africa, an open market economy, with a relatively complete industrial, agricultural and service industry system. The service sector accounts for about 50% of gdp. Textile industry, food processing and other light industries. Rural population accounts for 55% of the total population, agriculture accounts for about 14% of gdp. Oil and natural gas, tourism, remittances and the Suez canal is the four largest source of foreign income.

2011 political situation after the Egyptian economy continued to decline, the average economic growth rate of 2% over the past 3 years, 2013/2014 fiscal year economic growth rate of 3%. In order to achieve economic recovery as soon as possible, the Egyptian government has taken a series of measures to attract foreign return, reduce the pressure on the fiscal deficit. Egyptian Minister of investment Salman4, said the second half of fiscal year 2014/2015 Egypt's economic growth is expected to reach 4.2%-4.5%.

Recently, FACT Executive Partner, former Egyptian Minister of investment Assem Ragab for the LED industry colleagues explained the Egyptian LED market and investment direction, the specific content is as follows:

I want to enter the Middle East and Africa market, I believe that Egypt is the best choice. Because:

1. Egypt is the largest consumer market in the Middle East and Africa, and is one of the fastest growing economies in emerging markets.

2, Egypt and the Middle East and Africa have a free trade agreement, to enter the Egyptian market, in addition to the domestic market, but also can be covered in the Middle East and Africa market, a total of about one billion of consumers.

3, Egypt has a large number of labor, in this factory is not afraid to find employees.

4, Egypt is the fastest growing economy in the Middle East and Africa is the largest country, there are a lot of infrastructure, market demand, economic growth is very fast. For example: the construction of the administrative capital, special economic zones, they provide a lot of employment opportunities and business opportunities. The following figure is the design of the new Cairo graphics. The new Cairo will have 91 square kilometers of energy farms, with a total of more than 21 residential communities. In addition, there are job opportunities, infrastructure projects, energy and services are required, but these are around a topic that is the need to save energy efficient. The blue part of the picture is about to develop in the region, about four times the size of singapore.

5, for lighting, the government plans to 2020 to save about 20 billion yuan of energy subsidies. Such subsidies are proposed to reduce costs and use more efficient energy facilities. Egypt lighting electricity accounted for 25% of total electricity consumption, residential and commercial electricity consumption and electricity consumption accounted for 73%, so I hope more and more professional intelligent lighting solutions to replace traditional lighting, energy saving.

6, the current national plan in 2020 before and after the implementation of lighting transformation, energy-saving products to replace the traditional lighting, in addition to government buildings, household lighting, and require all counties and other local outdoor lighting comprehensive transformation. For home lighting, we have purchased 250 million LED bulbs.

7, the government to promote other projects also need LED products.

Our country needs a lot of LED, but where are the suppliers? In fact, there are very few real LED manufacturers in Egypt, there may be only one or two, but this is not enough, so welcome to bring your products to egypt.

For specific lighting needs:

1, outdoor intelligent lighting products demand, such as intelligent street lamp, outdoor lighting, advertising display, etc.;

2, the new light source to replace traditional light sources, such as LED bulbs;

3, the overall lighting solutions for new projects demand.

The government has promised to support these projects and to give some subsidies, because they need to reduce their cost, achieve maximum benefit of subsidies, but our suppliers in these projects how to seize the opportunity, how to highlight the advantages of their own brands, product advantages, and how the international competition? Here to talk about some of the necessary conditions and follow-up support into the Egyptian market:

1, must have a factory in Egypt to win these projects;

2, if the plant in Egypt will be able to enjoy the consumer market of 1 billion 600 million, because Egypt and Europe, the Middle East and Africa have tax exemption agreement.

3, if your factory is built in the local, you can get the certification and support of the local government, of course, you need to make more after-sales service to local customers.

4, the plant in Egypt does not need a big investment, will also have a lot of institutions can help help, they have a huge production capacity, but the need to find a production line of product suppliers, the local processing of local sale, this is very advantageous. In addition, Egypt can be used as a center of operations, the products are transported to the Middle East, Europe and Africa to these areas.

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