An oasis for investors
Article Abstract:
The economic reforms being made in Egypt are attracting foreign investors to this country. The appointment of Kamel al-Ganzouri as prime minister in 1996 served as an important impetus for economic liberalization, which resulted in the rapid privatization of state companies. This spate of privatizations enlivened the financial markets of Egypt, compelling foreign financial houses such as HSBC James Capel, ING Barings, Morgan Stanley and Robert Fleming to set up operations. However, the stock exchange is merely an initial step towards longer-term direct investments. The government aims to achieve 7% to 8% GDP growth, requiring a 21% hike in exports. To reach these levels, the administration is attempting to reform the investment environment according to the needs of foreign as well as local investors. Key to the achievement of this investment goal is the legislative changes being implemented.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1998
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New frontiers: investors in India are looking beyond Bombay and Delhi to the up-and-coming provincial cities
Article Abstract:
Foreign investment in India is no longer concentrated in the cities of Bombay and Delhi. Regional cities, such as Madras, Pune, Hyderabad and Ahmedabad are rapidly establishing themselves as business and industrial centers. They are attracting investors because of their ample supply of trained workers, strong indigenous industrial bases, and excellent research facilities and universities. These cities, once considered to be second tier industrial centers, also owe their transformation to forward-thinking local officials who are vigorously promoting their cities as the best industrial locations in India. However, the country's new industrial centers still have many problems that need to be resolved. These include Indian's poor urban infrastructure and slow real estate development due to restrictive land laws. Ahmedabad, Pune, Madras and Hyderabad are profiled.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1998
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