Posts
EGYPT BOAT SHOW
EGYPT is listed in the NMMA Power Boat International Resource Guide
It was a little difficult to find info on Eygpt Boat Show
2011 Boat Show
Egypt International Boat Show
Over the past few decades the water sports and boating industry in Egypt has grown tremendously and in response to this demand, it was felt that a platform to show case and develop the industry further was needed. The Egypt International Boat Show is the result and is a platform on which to present products and give companies the opportunity to show off the industries newest innovations to both other companies and people who are water sport enthusiasts.
The show has been developed by Art Line Organisation, Sports and Fitness Magazine and the water sports industry and has earned a reputation as a top quality event both for exhibitors and for members of the public who visit the event. The event itself is held at the Cairo International Convention and Exhibition Centre annually and normally takes place annuallyu and in the month January.
There is a range of exhibits and equipment to see on offer with items ranging from the sports based industry; water skiing, surfing, wind surfing, and scuba equipment, to the more exclusive yachts, motorboats and charters. There are a diverse range of people who visit the show, from dealers and brokers for luxury yachts to marina developers and sailing schools.
There are also a wide range of importers and exporters of relevant items and well as boat, canoe and equipment companies attending, making it an ideal forum for business networking and deal making. There are a huge range of exhibitors to visit at the event with boat, sailing and yachting companies selling accessories, water sports equipment sales and demonstrations as well as stands on water tourism for the public including cruises and charters.
Overview
With a population of over 85 million and a GDP of USD 257 billion, the Egyptian economy is one of the largest in the Middle East and North Africa. Bilateral trade between Egypt and the United States grew to USD 8.48 billion in 2012—a 2 percent increase over 2011. The United States is Egypt’s second largest trading partner, and remains the second largest foreign investor in Egypt. Though Egypt is currently experiencing a post-revolution economic slowdown, this should not dissuade companies from looking at the potential that exists in this, the largest Arab country, in the medium- and long-term.
The Egyptian market is characterized by high overall consumption rates and significant income disparities. As a result, there is a customer for every product in Egypt, even if some items are sought by a limited number of Egypt’s consumers. Due to the high costs of acquisition and maintenance, pleasure boats fall into a category of goods that has a limited volume of consumers; yet still, the pleasure boat industry has its Egyptian customer base.
Current Market Trends
Before 2005 the leisure boats traded in Egypt were mostly used and very few people could afford them. The year 2005, however, marked a turning point in maritime market dynamics in general, and in the pleasure boat subsector in particular. It was during this year when the Egyptian government shaved off almost 90 percent of the customs duties on all categories of imported ships and boats as part of the customs reform program, reducing the fees levied from 45 percent to 5 percent plus sales tax.
Copyright 2015 © Boat Nut Media, Toronto, Ontario. All rights reserved. No part of this information/publications may be stored in a retrieval system, transmitted, or reproduced in any way, including but not limited to photocopy, magnetic, or other record, without prior agreement and written permission of the publisher, Boat Nuts Media ©™ No liability is assumed with respect to the information provided
