Abstract
The Egypt Defence & Security Report
Independent 5-year Defence and Security industry forecast for Egypt.
Original Defence and security market research and the defence & security
sector trend analysis for the Egyptian Defence and Security industry.
Competitive intelligence, Egyptian defence & security company rankings and
SWOT analyses on international and domestic defence & security companies in
Egypt.
The Egypt Defence & Security Report has been researched at source in 2007, and
features latest-available data covering all headline indicators; 5-year
industry forecasts for Egypt through end-; company rankings and competitive
landscapes covering national and multinational arms and components
manufacturers, electronic and software producers, and companies providing
defence solutions, as well as analysis of latest industry developments, trends
and regulatory changes in Egypt.
Business Monitor International' s Egyptian Defence & Security Report provides
professionals, consultancies, government departments, regulatory bodies and
researchers with independent forecasts and regional competitive intelligence
on the Egyptian defence & security industry.
Key Benefits of Report
- Benchmark BMI' s Independent 5-Year Defence & Security Industry Forecast on
Egypt to test other views - a key input for successful budgetary and strategic
business planning in the Egyptian defence and security market.
- Target Business Opportunities & Risks in the Egyptian Defence & Security
Sector through reviews of latest industry trends, regulatory changes, and
major deals, projects and investments in Egypt
- Exploit The Latest Competitive Egyptian Defence & Security Intelligence &
Company SWOTS on your peers and competitors through company rankings by sales,
market share, investments and leading products and services.
Executive Summary
Anti-government sentiment appears to be growing, fuelled by the September 2008
Duweiqa rock slide, which killed up to 100 people, and the collapse of a
building in Alexandria. Leaders of opposition parties and NGOs have announced
intentions to bring a lawsuit against top government figures for criminal
negligence in Duweiqa. There is a general perception of inadequate safety
standards and corruption, with much of the blame directed at the government.
According to a Pew Global Attitudes survey, 13% of Egyptians were satisfied
with their government, against 45% in Jordan and 79% in Kuwait.
However, if the parliamentary election is anything to go by, the opposition
parties filing the lawsuit against the government do not have enough popular
backing to make any real impact. One event that could make an impact is an
Islamist uprising. Al-Qaeda' s number two, Ayman al-Zawahiri, who is Egyptian,
recently said the Duweiqa incident highlighted the corruption of Muslim
governments. Also, the Muslim Brotherhood (MB) seems to be moving closer to
the secular leftist opposition, with Chairman Mahdi Akef meeting with the
al-Wafd party in late September 2008 to tell him that serious change is
necessary in Egypt and that they should work together against corruption.
Any political deterioration could trigger a fall in the relatively strong
forecast growth rate of 5.4%, as would a more-severe-than-expected world
recession. Based on the government' s apparent commitment to sustaining growth,
it may opt to cut taxes. However, this would affect an already strained fiscal
situation.
Egypt continues to be a major recipient of US foreign military aid, which it
uses to acquire largely USmade military equipment as part of a bid to
modernise its armed forces. The latest acquisition of M1-A1 Abrams tanks is an
example of the ongoing importance of this. Egypt boasts what is, for the
region, an extensive military equipment manufacturing industry, although it
has no armaments design industry to speak of. Its defence industry remains
largely dependent on co-production deals, again, primarily with the US.
Egypt' s military expenditure is likely to be constant, providing Cairo remains
in the US' favour, and as long as the US does not reprioritise substantially
its regional defence subsidy priorities.
This appears unlikely, however: Cairo and Washington share many of the same
beliefs regarding Egypt' s security concerns. US pressure for political reform
in Egypt is likely to remain limited because the US does not want another
Islamist government in the region. This rationale has seen the US continue to
bolster the Mubarak government through explicit support and extensive
financial and military aid. This valuable political and financial relationship
maintains the need for the regime to continue to subdue groups such as the
Muslim Brotherhood, despite its apparent legitimisation at the hands of the
electorate.
As has been noted previously, European companies are increasingly breaking
into the Egyptian defence market over the last few years, and stronger ties
with China could see the end of dependency on the US.
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