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In 1952 Egypt’s private sector accounted for 76 percent of economic investment. Following the nationalization plans carried out by President Gamal Abdel Nasser in the effort to build a post-independence socialist state, this percentage drastically shifted within a few decades to government investment accounting for over 80 percent of economic investment. [1]
Location of Egypt. Egypt is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula.Egypt's economy depends mainly on agriculture, media, petroleum imports, natural gas, and tourism; there are also more than three million Egyptians working abroad, mainly in Saudi Arabia, the Persian Gulf and Europe.
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The National Service Projects Organization (NSPO) manufactures military and civilian products and provide contracting services. [1]It is subordinate to the Egyptian Ministry of Defense system, was its establishment in accordance with Presidential Decree No. 32 of 1979 under President Anwar Sadat, and describes a device aimed at the "achievement of relative self-sufficiency of the main needs of ...
EIM Group (Egyptian International Motors), established in 1979 is one of Egypt’s largest privately owned entities. [1] EIM is the main business arm in the automotive industry of its parent company Alkan Group.
In 1984, GM opened its first factory in Egypt, and 1985 the first GM vehicle was produced in the country. [4] Al-Mansour Automotive gained rights to sell GM cars in Africa, and eventually became the largest GM dealership in the world. [3] In 1977, the Mansour Group secured rights to sell and distribute Caterpillar digging equipment in Egypt.
The Arab Organization for Industrialization (AOI) (Arabic: الهيئة العربية للتصنيع) is an Egypt-based Arab military organization established in 1975 by Egypt, Saudi Arabia, United Arab Emirates and Qatar to supervise the collective development of the Arab defense industry. Following a gradual deterioration in relations ...