Egypt's Economic Growth Through Trade
Added on 2020-05-08
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SUR NAME 1Name:Tutor:Course:Date:IntroductionTrading activities have the ability to change any nation’s economic development over aperiod of time. Various countries involved deeply in trade since industrial revolution havechanged a lot in terms of economic development and stability. The content of this papersexplains the benefits Egypt as a nation has enjoyed from trade since the beginning of industrialrevolution. Trade is one of the key activities which helped to bring Egypt to the current positionit is at the current moment. The economy of Egypt has improved over the years as a result oftrade organized by the Egyptian government. The content of the paper therefore mainly focus onthe benefits of trade in relation to free and international trade. The paper discuses old industriesin Egypt prior to and after revolution in Egypt as well as the modern industries in the nation.Egypt has benefited from trade through exportation of various commodities as well as imports.Egypt over the years has been exporting and importing goods from her trade partners. Thecontent further explains how foreign development investments affects the country discussingvarious fields affected by the FDI investments as well as the main stakeholders likely to beaffected by the investment. The content summarizes by listing various trade agreements thenation has signed both bilateral and multilateral their effect to country financially, politically aswell as diplomatic and civil.Effects of trade on Egypt since industrial revolution
SUR NAME 2 Main Old industries in Egypt Egypt as a nation started trade prior to industrial revolution where made various goods insmall industries which were only made to provide good for survival but not for trade. Thecountry had various people with various skills and these individuals worked to maintain thesesmall industries (AbdelRehim and Shawki 4). The old industries in Egypt also developed base onthe demands created by culture, the Egyptians had a strong belief on afterlife and this thereforeresulted into various demands for the leaving to make preparations for the afterlife.Construction and architectural industry Construction started long time ago in Egypt, the nation had architects and artists who hadthe construction knowledge. The Egyptians started with the construction of old monumentalpyramid in their old kingdoms where they use to bury the royal families. The construction sectormoved further the new tombs which were small in size used in the new kingdom in the valley ofthe dead (AbdelRehim and Shawki 4). The Egyptian builders as known during this time alsohelped with building of houses which took various designs.Mining industry Egyptians mined precious stones as well as other minerals. Egyptians used raw materialsof silica and soda to make various types of glasses which were sold to the royals only. Thedemand for glass by the royals resulting into formation of small industries in Egypt. Variousstones were mined in this industry. Architectures in Egypt used various stone from the mines tomake various shapes of their gods as well as kings and in building. The Egyptians also usedstones to make tools as a result of wood scarcity (AbdelRehim and Shawki 4). The miningindustry was totally monopoly owned by the Egyptian government and were managed by veryfew trusted government officials.
SUR NAME 3Ship building industry Ship building was another industry valued in Egypt, ships were made from wood andpapyrus reeds (AbdelRehim and Shawki 4). Papyrus reeds formed the main parts of the ship aswood was a scarce resource in Egypt. This industry was valued and Egypt was the first nation tosail ships with sails. Today’s national industries in Egypt The mechanical part in Egypt throughout the most recent years prompting creation anddevelopment of current enterprises in different locales in Egypt as examined underneath: Car industry El Nasr Automotive Manufacturing Company is Egypt's state owned auto associationwhich was set up in 1960 and is located in Helwan, Egypt. By the year 1962, the associationstarted manufacturing of distinctive vehicles under the freedom granted by Zastava Automobiles,Daimler AG, Kia, and Peugeot. Their present lineup includes the Jeep Cherokee; the open-top,Wrangler-based Jeep AAV TJL; the Kia Spectra; the Peugeot 405; and the Peugeot 406.Distinctive creators, for instance are, AAV - Arab American Vehicles, the Ghabbour Group,WAMCO - the Watania Automotive Manufacturing Company, and Manufacturing CommercialVehicles (MCV) convey autos in Egypt. MCV was set up in 1994 to address Mercedes-Benz inthe business vehicle division in Egypt, making an extent of transports and trucks for nearbyarrangement and for exchange all through the Arab World, Africa, Latin America and EasternEurope. The amassing plant at Salheya uses approx. 2500 individuals. Likewise there is RussianAutoVAZ creating Lada Synthetic industry
SUR NAME 4Abu Qir Fertilizers Company (AFC) is one of the greatest producers of nitrogencomposts in Egypt and the Middle East. It makes around half of the Egyptian NitrogenFertilizers. The association and the primary Ammonia Urea plant was developed at 1976. It isarranged at Abu Qir Bay, 20 kilometers East of Alexandria, and there is Egypt Basic IndustriesCorporation (EBIC), one of the greatest creators of Greenfield soluble base plant. Electrical industry Olympic Group is the greatest Egyptian get-together of associations working generally inthe field of nearby contraptions. The standard things it creates are garments washers, coolers,electric water warmers and gas cookers. It also works in its fields and land. Bahgat Group is aprimary association in the fields of equipment and electrical home mechanical assemblies,undertakings, advancements, arrange get to giving, and T.V. stations. The social event is madeout of the going with associations: Egy Aircon, International Electronics Products, ElectricalHome mechanical assemblies, General Electronics and Trading, Goldi Trading, Goldi Servicing,Egy Medical, Egyptian Plastic Industry, Egy House, Egy Speakers, Egy Marble, Dreamland andDream TV. Steel industry EZDK is a State-had endeavor and is the greatest steel association in Egypt and theMiddle East. By and by a bit of Ezz Industries, which contains four steel plants in Alexandria,Sadat City, Suez and tenth of Ramadan City. Besides, it fuses furthermore Al-Jawhara (Gemma)Company for Ceramic and Porcelain tiles. EZDK is the greatest free creator of steel in theMiddle East and North Africa (MENA) locale and is the market pioneer in Egypt. It is situated atthe 65th place on the planet most prominent steel creators as indicated by the World Steel
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