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| Hotel and Restaurant Equipment |
| Overview |
| The Egyptian market for hotel and restaurant equipment in 2007 is estimated to reach $332 million with an expected annual growth of 10% for the coming three years due to developments in the tourism industry. The U.S. has captured a 22% market share in kitchen preparation and hot kitchen equipment, drying machines, tunnels and marking equipment. A major factor in the demand for hotel and restaurant equipment is the Government of Egypt’s effort to boost tourism, a top foreign exchange earner, by encouraging and providing incentives for the construction of resorts in newly developed areas such as the North Coast, Sinai, and the Red Sea coastal areas. In addition, the government is privatizing government owned hotels, which will trigger a series of renovation and upgrading. |
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