Within the framework of the Export Initiative “Energy Solutions - made in Germany”, which is co-funded by the Federal Ministry of Economics and Energy, the German-Arab Chamber of Industry and Commerce is organizing in cooperation with RENAC renewables academy a one-day information event on “Egypt's energy efficiency sector for the tourism and food industry” in Bochum, Germany on the coming 12th December 2016.
The seminar topic is dedicated to targeting interested German companies, who would like to enter the Egyptian energy efficiency market.
The first topic of the seminar is dedicated to the tourism business, which is one of Egypt’s key economic development factors. As a year round destination, Egypt has had a strong position in the international tourism. The tourism industry is slowly recovering but is subject to seasonal fluctuations. The best progress is seen among hotels and holiday resorts along the Red Sea.
The tourism sector is also influenced by energy efficient measures. This has triggered the launch of the “Green Star Hotel” initiative, which is being supported by the Egyptian ministry of tourism. The initiative rates hotels on their environmental sustainability and energy efficiency with 3, 4 or 5 stars. It is done within the scope of various trainings for the reduction of energy consumption as well as an energy-audits.
The second topic of the seminar relates to the food processing industry which has a long tradition in Egypt. Despite the tense economic situation/conditions with a high inflation rate and reduction of subsidies, the food industry achieves good profits. Food consumption has increased more than 10% per year, which shows a solid growth compared to a stagnating overall economy in recent years. The main reason for the sector/industry’s increase is the consistent population growth. The annual average (population) growth rate amounts to 2%.
The high demand, as mentioned above, increases/boosts the profit margins of companies through higher selling quantities. The cancelation of energy subsidies, which increases direct production costs, coupled with an investment slowdown in production/manufacturing facilities, raises incentives for the procurement of energy efficient assets.
The German-Arab Chamber of Industry and Commerce is pleased to invite you to attend the information event in Bochum.