ATF GROUP is a fast growing company based its own business on organizing trade fairs & exhibitions, after 26 years of its establishment “Al Awael for International Trade Fairs” ATF GROUP begins to globalize and optimize its aim to become a leading & unique company in the field of organizing trade fairs & exhibitions.
The New Republic is firmly established on the concept of a democratic, civil, and modern state that possesses comprehensive capabilities militarily, economically, politically, and socially. A state that upholds the concepts of citizenship and acceptance of others and seeks to achieve peace, stability, and development. This state strives to enhance policies vital to Egyptian society based on solidifying the concepts of social justice, dignity, and humanity. It also seeks to build the Egyptian human being in an integrated manner, physically, mentally, and culturally. This emanates from the belief that the Egyptian human being is the treasure of his homeland and an icon of its victory and glory.
After the features of the New Republic had been illustrated, efforts were dedicated to cementing its status as the land of development and investment, an oasis of security and safety, and a platform for peace and stability. The Republic is launched with a different vision and thought, commensurate with the magnitude of the challenges and responsibilities—a republic that benefits from the experiences of the past and moves with broader prospects toward the future. The State of Egypt has achieved remarkable progress in all fields and across all levels, with steady and accelerated steps to improve the quality of life, build a robust and balanced economy, and build a homeland worthy of the people of Egypt and its civilization.
By 2030, Egypt will witness a comprehensive renaissance, leveraging its genius location and unique Egyptian personality and taking into consideration the historical phase to achieve sustainable development for a better standard of living for all Egyptians. Depending mainly on science, knowledge, and innovation, Egypt will have a competitive and diversified economic system and a social system characterized by participation, solidarity, and justice, as well as a balanced ecosystem that preserves the human and natural resources gifted to Egypt by Allah.
Egypt’s robust fundamentals, supported by a diversified economy, sustained levels of consumer spending, and a large workforce, have created a dynamic business climate and helped further develop the economy. This has enabled the country to avoid some of the more severe repercussions of the COVID-19 pandemic faced by neighboring nations. According to
IMF forecasts, GDP is expected to expand from $402.8 billion in 2022 to $584.9 billion in 2026. While Egypt’s oil and gas sector has been a significant recipient of investment, attracting $74 billion between FY 2014/15 and FY 2019/20, the economy is diversified, with opportunities across multiple sectors. Industry was the largest contributor to the economy in FY 2020–2021, followed by retail, agriculture, and real estate.
Egypt was seen as a global center of knowledge, science, and development throughout antiquity. Today, it stands in an economically advantageous location, straddling the Mediterranean and the Red Seas and at the confluence of Europe, Africa,, and Asia. The Suez Canal, completed in 1869, is one of the world’s busiest shipping lanes. Moreover, Egypt’s population is large and rapidly expanding, at a rate of of around 2.5% a year. It is seen as one of the country’s greatest economic assets if it can be harnessed by effective public policy. Moreover, the country is also characterized by a bottom-heavy population pyramid. The large youth cohort helps to limit the overall burden on the health care system, as evidenced by the relatively successful navigation of the COVID-19 pandemic.
Egypt has made some progress in improving industrial development, but the government is working to focus on specialisation in certain segments – particularly textiles and pharmaceuticals. Indeed, scaling up investment in manufacturing is a policy priority, as the country’s value-added growth in this sector has been sluggish compared to other emerging economies. Namely, the country aims to accelerate industrialisation and shift from low-value-added to high-value-added, technology-intensive manufacturing segments. Nonetheless, despite Covid-19 pandemic-induced economic headwinds, the Egyptian retail sector has made significant progress in recent years, particularly in food retail and e-commerce. These segments saw rapid growth due to lockdowns and rising internet penetration rates. In FY 2019/20 and FY 2020/21 the private sector’s share of total investment in the retail and wholesale sectors amounted to 95% of the total, at $9.5bn and $7.4bn, respectively.
The government of Egypt has placed a strong emphasis on construction as a key engine of urban growth since the ambitious IMF-backed economic reform program in 2016. Much of the sector’s underlying demand is a result of the growing population, which, in turn, has created a need to develop new cities such as the New Administrative Capital. Overall, such mega-projects look set to drive construction activity from 2022 onward. While the COVID-19 pandemic put pressure on real estate sales after a partial lockdown in early 2020, the sector has demonstrated resilience over the medium term. The 3.7% expansion of the real estate sector in FY 2020/21 outpaced that of the general economy and helped offset some of the losses seen in tourism and manufacturing. The market is likely to continue its shift towards high-income, mixed-use retail developments in areas such as East Cairo.