Increasing Understanding of Egypt
Amr Elhenawy, Consul General of Egypt in Hong Kong, paid a courtesy call to the Chamber’s Asia & Africa Committee Chairman Jonathan Lamport on 5 May. Elhenawy said Egypt, with a population of over 100 million, represented a huge consumer market for potential investors looking to find alternative markets in the region. The country hopes to position itself as a bridge to Africa and MENA countries and touted its young workforce, manufacturing capabilities and location at the crossroads of major supply chains as some of its advantages.
However, he said doing business in Egypt can be challenging at times due to the country’s highly regulated economy and red tape in certain areas of business. He advised companies that wanted to enter the country to find a reliable local business partner who can help comb through intercultural differences and bridge business expectations between them and the local parties.
Both sides agreed to cooperate closely to organize events and help members learn more about Egypt.
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