October 2011 Newsletter

The Lord Mayor of the City of London, Rt. Hon Alderman Michael Bear visited Egypt last week in his role as ambassador for London-based financial and professional services. He heads the City of London Corporation, which provides business and local government services to the City.

The purpose of the Lord Mayor’s visit to Egypt was to build upon the already strong economic and political links between the two countries, to discuss how the UK and the City of London, as the leading global financial services centre, can work with Egypt to enhance its financial services sectors especially that the UK is a leading interlocutor on economic reform plus PPP, ICT and education.

The Lord Mayor prior to his visit to Egypt has announced: "I am delighted to be here because of the UK's longstanding and continuing commitment to the Egyptian market. Egypt has had a glorious and challenging year and our partnership means now more than ever to both our countries."

The Lord Mayor was accompanied by a business delegation including organisations from the Financial Services, Education and Skills Development, Construction and ICT sectors. They undertook calls on the Ministry of Finance, Central Bank of Egypt, British Egyptian Business Association and met with other organisations throughout their two-day programme.

The Lord Mayor also took part in meetings with the Egyptian British Business Council (EBBC) and saw the leading representatives of the Egyptian and British business community. Currently there are more than 900 British-invested companies operating in Egypt with cumulative investments estimated at $20 billion. The UK is the largest foreign investor in Egypt.

Source; British Embassy Cairo

Vanquish was a key part of this trade mission and we’ll be providing a full report when our CEO returns next week.

Do you find yourself constantly frustrated by lack of work in your business sector in the UK? Would you like to expand overseas but not sure where to start? Would you like the opportunity to take your business to a fast-growing market? Vanquish is hosting a series of free presentations where you will be able to find out more about Egypt’s growing market:

A fast-growing economy
Why the revolution in early 2011 will have positive implications for British businesses
How Vanquish has kept working throughout the UK recession by moving its core activities to Egypt
How your business could succeed in Egypt
How to get your business up and running quickly using our tried and tested programme
How our help will give you the competitive edge
Meet businesses like yours already operating in Egypt
Current opportunities

Please call 020 8144 7270 or Email info@vanquishdevelopments.com for more details

Vanquish is pleased to announce our new association with the Kent Invicta Chamber of Commerce. The Kent Invicta Chamber of Commerce is a membership organization which provides a full range of business support services, ranging from networking, business support to representation and Vanquish team members have attended the recent networking lunch to launch the new North West Kent area where we are looking forward to meeting and working with fellow members in this area and the Thames Gateway.

Vanquish is hosting an informal business presentation event for businesses interested in expanding their business into Egypt at Buckmore Park Kart Circuit on Wednesday 12th October. The day will begin with a brief presentation about Vanquish and the Palo Verde project followed by a question and answer session. Refreshments and a buffet lunch will be provided with an opportunity to speak to the CEO, David Danaher and the Vanquish Team. The afternoon will provide guests with the opportunity to use the corporate karts and enjoy racing on Buckmore’s thrilling international circuit. We do have a few spaces left and for more information about the day please email info@vanquishdevelopments.com.

The Deputy Prime Minister for Political Development and Democratisation has announced a draft law which will soon be issued authorizing a major project for the conversion of the Suez Canal into an international logistics centre; the project aims to increase greatly the revenue of the Suez Canal Authority and to attract citizens to relocate to the Sinai Peninsula.

During a meeting in parliament with a number of political party heads, public figures, and revolutionary youth, it was stated by Minister Ali Al-Selmy "The trend right now is that Egypt’s security depends on the real development of Sinai rather than on slogans".

http://www.almasryalyoum.com/en/node/489783

The Vanquish team, along with businesses Protocol Office Supplies and Stanmore Mallion, undertook an intensive four-day whistle stop tour of Egypt visiting Cairo, Ras Sudr and Hurghada. Meetings were held with local business representatives and officials of the UKTI at the British Embassy.

During the tours (which are held monthly for interested businesses) current opportunities for these businesses were identified to enable them to begin their set-up phase (about six weeks).The site visit to Ras Sudr highlighted the potential of the Palo Verde project and the Sinai Peninsula.

2011 Dunlop MSA Formula Ford Champion of Great Britain and Euro-Cup winner Scott Malvern has been nominated as one of six finalists for the highly prestigious McLaren AUTOSPORT BRDC Award.

Scott’s utter domination of the 2011 Formula Ford season, which has seen him take 21 victories from 26 race starts so far, made him a strong candidate as a finalist for the 2nd successive year.

Scott and the other five finalists will be assessed in a test at Silverstone in November by a panel of judges. The panel includes former Formula 1 racer, World Sportscar Champion and BRDC president Derek Warwick, two-time BTCC champion Jason Plato, DTM ace Jamie Green, McLaren head of vehicle engineering Mark Williams, renowned motorsports commentator Ian Titchmarsh, and AUTOSPORT journalists Kevin Turner and Marcus Pye.

Further news on this story can be found here:
http://www.autosport.com/news/report.php/id/95074