Overview

(Exchange rate used: 1 USD = LE 5.75. Values are in millions of U.S. Dollars. Figures listed are unofficial estimates.)

The Egyptian market for hotel and restaurant equipment in 2007 is estimated to reach $332 million with an expected annual growth of 10% for the coming three years due to developments in the tourism industry.  The U.S. has captured a 22% market share in kitchen preparation and hot kitchen equipment, drying machines, tunnels and marking equipment.  A major factor in the demand for hotel and restaurant equipment is the Government of Egypt’s effort to boost tourism, a top foreign exchange earner, by encouraging and providing incentives for the construction of resorts in newly developed areas such as the North Coast, Sinai, and the Red Sea coastal areas.  In addition, the government is privatizing government owned hotels, which will trigger a series of renovation and upgrading.

Best Products/Services

• Laundry Equipment
• Bakery Equipment
• Dishwashers and Kitchen Equipment
• Refrigeration Equipment
• Boilers

Opportunities

The Egyptian government is inviting investment in the tourism field.  They plan to increase the number of tourists from 7 million to 10 million and to build 100,000 new hotel rooms, over and above other investments in the North Coast, Sinai and the Red Sea.  This development will trigger an increased need for hotel and restaurant equipment.

Resources

Commercial Service in Egypt: http://www.buyusa.gov/egypt/en/
U.S. Embassy: http://usembassy.egnet.net
USAID: http://www.usaid-eg.org/
World Bank: http://www.worldbank.org/
American Chamber of Commerce in Egypt: http://www.amcham.org.eg
Egyptian Government Web Portal: http://www.egypt.gov.eg/english/
Ministry of Tourism: http://www.visitegypt.gov.eg/

Contact for the Commercial Specialist in charge of the Hotel and Restaurant Equipment Sector: Heba Abdel-Aziz, heba.abdel-aziz@N0SPAM.mail.doc.gov