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By Liz Hocking;Mary Bowen

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Following restructuring of the state owned sector there are now twenty seven new holding companies. Ten companies have been selected to date, and a further twenty five will be selected for privatisation by mid year. It is planned to remove the state monopoly in cotton and sugar cane by 1994. 5 bil­ lion, has not been drawn on because of the slow rate of progress. 3 million people. The rate of unemployment has reached about 20% of the labour force and social problems have not been eased by the return of about 600 000 guest workers from Iraq and Kuwait.

In 1992 a contract worth US$150 million was awarded for the automation of the port of Alexandria. In response to this growth Group Bull established a branch office in Cairo in 1992. Bull is the forth computer company to base a subsidiary in Cairo after ICL, NCR and IBM. Locally-produced computers are only in the form of PC compatibles assembled by the Benha Electronics Company, which is part of the Ministry of Military Production, exclusively for the Armed Forces. Egyptian Advanced Technologies has been marketing its own BALSAM brand PC compatibles, made to its own specification in the Far East, for a few years now.

Industrial finished products account for 75% of total exports, while imports of capital goods are gaining in importance. Following the removal of customs barriers imports are increasing rapidly, while invisible earnings are being boosted by a further rise in tourist receipts. As a result, the trade balance has deteriorated and in 1993 and 1994 is expected to be in substantial deficit. The current account is also in deficit by as much as US$10 billion in 1993 and around US$7billion in 1994. ELECTRONICS INDUSTRY STRUCTURE Number of Electronics Companies: 5060 (1992) Main Production Activities: Consumer Electronics, Components, Computer & EDP Major Companies: Beijing TV Factory China Great Wall Computer Corp Changhong Machinery Factory Foshan Display Equipment Factory Hangzhou TV Factory Nanjing Radio Factory Qinggang Electronics Co Ltd Shanghai Video & Audio Electronics Group Corp Shanghai Broadcast Equipment Shanghai Electronic Computer Factory Shanghai Radio Factory Shanghai TV Factory Shanghai Radio Factory Shoanxi Colour CRT Factory Tianjin Telecom and Broadcasting Co.

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