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Egypt over 1 billion LED market to be developed, LED companies how to split a cup?
Adddate:2017-09-09 09:28????Hits:

 Egypt, the third largest economy in Africa, is an open market economy with a relatively complete system of industry, agriculture and services. Services account for about 50百分比 of gdp. The industry is mainly made of light industry, such as textile, food processing, etc.. Rural population accounts for 55百分比 of the total population, and agriculture accounts for 14百分比 of gdp. Oil and natural gas, tourism, remittances and the Suez canal is the four largest source of foreign income.

After the abrupt political change in 2011, the Egyptian economy continued to decline. The average economic growth rate in the past 3 years was 2百分比, and the economic growth rate in 2013/2014 was 3百分比. In order to achieve economic recovery as soon as possible, the Egyptian government has adopted a series of measures to attract foreign investment and reduce the pressure on the budget deficit. Egyptian Investment minister Salman4 said on the second half of the 2014/2015 fiscal year, Egypt's economic growth is expected to reach 4.2百分比-4.5百分比.
Before entering the Middle East and Africa market, I believe Egypt is the best choice. Because:
1, Egypt is the largest consumer market in the Middle East and Africa, and also one of the fastest growing economies in emerging markets.
2, Egypt and the Middle East and Africa have free trade agreements, access to the Egyptian market, in addition to the domestic market, but also products can be covered to the surrounding Middle East and Africa market, a total of about one billion of consumers.
3, Egypt has a large number of labor force, set up factories here, not afraid of finding employees.
4, Egypt is the Middle East and Africa's fastest growing economy is the largest country, there are a large number of infrastructure, market demand, economic growth is very fast. For example, there are administrative capital construction and special economic zone construction, they provide many job opportunities and cooperation opportunities.
The new Cairo will have 91 square kilometres of energy farms, 21 residential communities, and more demand for other facilities. In addition, there are jobs, infrastructure projects, energy and services that are needed, but these are all about one topic: the need for efficient, energy-efficient energy. The region is about four times as high as singapore.
5, for lighting purposes, the government plans to save about 20 billion yuan of energy subsidies by 2020. Such subsidies are proposed to reduce costs and use more efficient energy facilities. Egypt lighting electricity accounted for 25百分比 of total electricity consumption, residential and commercial electricity consumption and electricity consumption accounted for 73百分比, so I hope more and more professional intelligent lighting solutions to replace traditional lighting, energy saving.
6, the current national plan in 2020 before and after the implementation of lighting transformation, energy-saving products to replace the traditional lighting, in addition to government buildings, household lighting, and require all counties and other local outdoor lighting comprehensive transformation. Among them, for home lighting, we have purchased 250 million LED bulbs.
7, other projects promoted by the government also require LED products. Our country LED in great demand, but the supplier where? In fact Egypt rarely LED manufacturers, there may be only one or two, but this is not enough, so you are welcome to bring egypt.
There is a need for specific lighting:
1, outdoor intelligent lighting products have great demand, such as intelligent street lighting, outdoor lighting, advertising display, etc.;
2, new light sources that replace traditional light sources are in great demand, such as LED bulbs, etc.;
3, the overall lighting demand for new projects.
The government has promised to support these projects and to give some subsidies, because they need to reduce their cost, achieve maximum benefit of subsidies, but our suppliers in these projects how to seize the opportunity, how to highlight the advantages of their own brands, product advantages, and how the international competition? Here are some necessary conditions for everyone to talk about to enter the Egyptian market and support:
1, it is necessary to have factories in Egypt to win these projects;
2, if the plant is built in Egypt, it will be able to enjoy 1 billion 600 million of the consumer market, because Egypt has duty-free agreements with Europe, the Middle East and africa.
3, if you plant in the local, you can get the local government certification and support, of course, you need to local customers to do more after-sales service.
4, the plant in Egypt does not need a big investment, will also have a lot of institutions can help help, they have a huge production capacity, but the need to find a production line of product suppliers, the local processing of local sale, this is very advantageous. In addition, Egypt can also be used as an operating center to deliver products to the Middle East, Europe and africa.
  

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