Egypt Depth of Open Three Major Markets
- By Himfr Mary
- Published 02/3/2012
- Business
- Unrated
Himfr Mary
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The Government of Egypt is playing the economic card, for the people the House (Parliament Lower House) election rally of the action with great success.
November 30, the Egyptian People's Assembly election results announced. Has already been decided at the seats, the ruling National Democratic Party victory, while the opposition Muslim Brotherhood, the largest fiasco.
Before and after the vote, incumbent President Hosni Mubarak and other ruling party politicians are frequently stressed that the Egyptian Government in the past five years, the contribution of economic development, economic sectors within the Egyptian government has seized the opportunity and the new development plan. Recently, the Egyptian Trade Minister Rashid on the media including this newspaper, said that Egypt will be more aggressively to open up its education, health care market, and welcomes international capital to continue to expand investment in infrastructure projects in Egypt.
Egypt ruling party election victory
According to the Egyptian Supreme Electoral Council announced the election results, decided at the national Democratic Party won 221 seats in the 209 seats, more than a dozen opposition parties received only 5 seats, independents won 7 seats, the Muslim Brotherhood is not to win a seat. In the first round of voting did not determine the winner of the 287 seats will be held on December 5 in the second round of voting to determine. National Democratic Party will have 275 candidates competing for the second round of elections, the Muslim Brotherhood and the other main opposition party has announced a boycott of the Xinhua husband left the party the second round of elections. If the opposition party quit the ruling party's overwhelming dominance can be expected to continue to expand.
And 5 years ago compared to the previous parliamentary elections, Egypt will be re-consolidation of the new parliament dominated unipolar ruling political structure, to ensure that their enjoyment of absolute legislative power in Parliament.
By Egyptian President Hosni Mubarak's National Democratic Party's presidency 30 years has been the ruling party in Egypt. Egypt will hold new presidential elections next year, in this context, this election was seen as the focus of political forces conducted a presidential election game. According to the Egyptian Constitution, the People's Assembly the right to nominate presidential candidates.
Focus on education, health care infrastructure of economic brand
House to vote before the people to the ruling party headed by President Hosni Mubarak stressed the current government dignitaries frequent in Egypt over the past five years, the contribution of economic development, play the economic card for the election rally.
Over the past five
years, the rapid development of the Egyptian economy, gross domestic product (GDP) doubled after the outbreak of the financial crisis also maintained rapid growth. Egyptian Trade and Industry data show that the Egyptian GDP in the 2008-2009 fiscal year 2009-2010 fiscal year and 4.7%, respectively, and achieved growth of 5.3%. Egyptian Trade Minister Rashid confidently told reporters that Egypt next fiscal year's economic growth forecast of 6.6%.
However, Rashid also said that two major challenges facing economic development in Egypt, one of the challenges of human resources, Egypt existing level of education, health care standards, city management have a serious impact on improving the quality of Egyptian manpower, and the other is infrastructure behind the obstacles to the Egyptian economy.
Therefore, "Egypt wants greater access to international capital to Egypt's large field of primary and secondary education and technical education; large influx of overseas capital to the medical market to improve the health care system in Egypt." Rashid told reporters, "We also welcomes overseas investors to continue to expand the field of infrastructure investment in Egypt. Egyptian partner just on the public works aspects of relevant laws and regulations made significant changes, the entry of private capital will provide greater convenience. "
Nuclear power plants and high-speed railway, is a blueprint for infrastructure development in Cairo in the next two heavy head projects.
Egypt plans to build four nuclear power plants by 2025, this year in August, Mubarak personally selected the first nuclear power plant address - the Egyptian port city 160 kilometers west of Alexandria on behalf of the Palestinian areas. Australia's Worley Parsons will be responsible for the construction of nuclear power stations. Rashid told the newspaper, there were no Chinese enterprises to participate in the Government of Egypt reveal the intention of building nuclear power plants.
High-speed railway construction projects in Egypt will start in the year. Cairo, Egypt, and the connection will be the first building on the Aswan region of Egypt, Cairo and Alexandria, and two high-speed railway.
Rashid told this reporter that in France, Spain and Italy, the two companies have to railway construction projects, the beginning and the Egyptian government contacts, but there is no message from Chinese companies. He said that Egypt welcomes China to invest in high-speed rail and other infrastructure projects.
Reference to China's investment in Egypt, Rashid also made recent controversial views on global exchange rate.
"If only from the yuan appreciation will encourage Chinese enterprises to foreign investment, the Egyptian investment point of view, I certainly welcome the appreciation of the renminbi." He smiled and told this reporter, "but no matter how the final exchange rate changes, one fact will not change - Egypt will be the Chinese enterprises and other foreign capital more ideal investment destination.
November 30, the Egyptian People's Assembly election results announced. Has already been decided at the seats, the ruling National Democratic Party victory, while the opposition Muslim Brotherhood, the largest fiasco.
Before and after the vote, incumbent President Hosni Mubarak and other ruling party politicians are frequently stressed that the Egyptian Government in the past five years, the contribution of economic development, economic sectors within the Egyptian government has seized the opportunity and the new development plan. Recently, the Egyptian Trade Minister Rashid on the media including this newspaper, said that Egypt will be more aggressively to open up its education, health care market, and welcomes international capital to continue to expand investment in infrastructure projects in Egypt.
Egypt ruling party election victory
According to the Egyptian Supreme Electoral Council announced the election results, decided at the national Democratic Party won 221 seats in the 209 seats, more than a dozen opposition parties received only 5 seats, independents won 7 seats, the Muslim Brotherhood is not to win a seat. In the first round of voting did not determine the winner of the 287 seats will be held on December 5 in the second round of voting to determine. National Democratic Party will have 275 candidates competing for the second round of elections, the Muslim Brotherhood and the other main opposition party has announced a boycott of the Xinhua husband left the party the second round of elections. If the opposition party quit the ruling party's overwhelming dominance can be expected to continue to expand.
And 5 years ago compared to the previous parliamentary elections, Egypt will be re-consolidation of the new parliament dominated unipolar ruling political structure, to ensure that their enjoyment of absolute legislative power in Parliament.
By Egyptian President Hosni Mubarak's National Democratic Party's presidency 30 years has been the ruling party in Egypt. Egypt will hold new presidential elections next year, in this context, this election was seen as the focus of political forces conducted a presidential election game. According to the Egyptian Constitution, the People's Assembly the right to nominate presidential candidates.
Focus on education, health care infrastructure of economic brand
House to vote before the people to the ruling party headed by President Hosni Mubarak stressed the current government dignitaries frequent in Egypt over the past five years, the contribution of economic development, play the economic card for the election rally.
Over the past five
However, Rashid also said that two major challenges facing economic development in Egypt, one of the challenges of human resources, Egypt existing level of education, health care standards, city management have a serious impact on improving the quality of Egyptian manpower, and the other is infrastructure behind the obstacles to the Egyptian economy.
Therefore, "Egypt wants greater access to international capital to Egypt's large field of primary and secondary education and technical education; large influx of overseas capital to the medical market to improve the health care system in Egypt." Rashid told reporters, "We also welcomes overseas investors to continue to expand the field of infrastructure investment in Egypt. Egyptian partner just on the public works aspects of relevant laws and regulations made significant changes, the entry of private capital will provide greater convenience. "
Nuclear power plants and high-speed railway, is a blueprint for infrastructure development in Cairo in the next two heavy head projects.
Egypt plans to build four nuclear power plants by 2025, this year in August, Mubarak personally selected the first nuclear power plant address - the Egyptian port city 160 kilometers west of Alexandria on behalf of the Palestinian areas. Australia's Worley Parsons will be responsible for the construction of nuclear power stations. Rashid told the newspaper, there were no Chinese enterprises to participate in the Government of Egypt reveal the intention of building nuclear power plants.
High-speed railway construction projects in Egypt will start in the year. Cairo, Egypt, and the connection will be the first building on the Aswan region of Egypt, Cairo and Alexandria, and two high-speed railway.
Rashid told this reporter that in France, Spain and Italy, the two companies have to railway construction projects, the beginning and the Egyptian government contacts, but there is no message from Chinese companies. He said that Egypt welcomes China to invest in high-speed rail and other infrastructure projects.
Reference to China's investment in Egypt, Rashid also made recent controversial views on global exchange rate.
"If only from the yuan appreciation will encourage Chinese enterprises to foreign investment, the Egyptian investment point of view, I certainly welcome the appreciation of the renminbi." He smiled and told this reporter, "but no matter how the final exchange rate changes, one fact will not change - Egypt will be the Chinese enterprises and other foreign capital more ideal investment destination.
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