EGYPTIAN - ITALIAN

ECONOMIC & TRADE

RELATIONS Bilateral RelationsYears

100

Capital: Area: Population: GDP:

Cairo

87,6 Mn$271.9 Bn

1.002 Mn km2

largest GDP in both Pan Arab & Africa

BOTH COUNTRIES HAVE SHARED HISTORICAL RELATIONS & AGREEMENTS SINCE:

NO.1

ITALY

Cotton Vegetables Cement Oil

Machinery Steel Products

Medical Equipment

$6 Bn Volume of Trade

representing 7.2 % total Egypt’s tradevolume.

In May 2010 , the direct shipping line was inaugurated

between the ports of Venice & Alexandria

with the aim of boosting Egyptian

export capacity to Italy and other European

markets, with a focus on agricultural commodities.

AN INFOGRAPHIC PRODUCED BY THE ALEXBANK RESEARCH TEAM

January 2015

1975The 1st Economic &

Technical Cooperation Agreement

1914The two countries

exchanged ambassadors

20122001 2014Signing of a 3-year action

plan for economic cooperation & 6 other

developmental agreements

9 investment agreements signed, for a value of

$500 Mn

1st Debt Swap Agreement to swap part of Egypt’s debts for development

purposes

ECONOMIC RELATIONS

TOURISM

550KItalian tourists visited Egypt

(10% of foreign tourism)

76KEgyptian tourists visited

Italy, as one of their main destinations in Europe

Cement

REMITTANCES

210K Egyptians are based in Italy

$541 Mn to their families

4K Italians are based in Egypt

$5 Mn to their families Transferring

FOREIGN DIRECT INVESTMENTItalian companies represent the 3rd largest group of European investors in Egypt after United Kingdom & Germany.

Regardless of political unrest over the last 3 years, Italian FDI in Egypt reached

MEGA DEALSOn 17th October 2006, Sanpaolo IMI Bank paid

OF THE SHARES OF BANK OF ALEXANDRIA

$1.6 Bn

One Of The Largest Banks In the Private Sector

In October 2001, the Italian Group Italcementi entered the Egyptian market by acquiring25% of the shares of

MAJOR ITALIAN CORPORATIONS IN EGYPT

DOMINA HOTEL GROUP AlbiniG R O U P

Transferring

ITALIAN EGYPTIAN BUSINESS COUNCIL

EGYPT

3rd The

ITALYCapital: Area: Population: GDP:

Rome301,230 km2

61,7 Mn$2.149 Tn

largest GDP in EU & 8th 4th The

worldwide

$281Mn

to purchase Bank of Alexandria, before merging with Banca Intesa to create the Intesa Sanpaolo Group

80%

40%Making the Group one of the largest international investorsin Egypt in a non-oil business.

In 2005, Italcementiraised Its stake toت

لسويس لألسمنة ا

ركش

Suez Cement

The agreements were signed in the presence of over 54 CEO's of Italian and Egyptian companies, under the auspices of Egyptian President Abdel Fattah El Sisi, during his visit to Italy, and Italian Prime Minister Matteo Renzi.

IEBC 2014 MEETING IN ROME:

9 agreements were signed between Egypt & Italy at a total value of $500 Mn

ITALIAN EGYPTIAN BUSINESS COUNCIL

a non-profit, non-governmental organization, formed in 2006, to facilitate and develop economic relations between Italy and Egypt

Source: World Bank

Breakdown Of Italian Investments

In Fiscal year 2013/2014, Egypt recorded a trade deficit with Italy of $1.6 Bn

Source: World Bank

Source: Central Bank of Egypt

TRADE RELATIONS

www.alexbank.com

A WORLD OF REAL POSSIBILITIES

European trading partner

in the fields of financing Italian exports, modernizing industry, energy, car tires manufacturing and consulting services.