According to the new Doing Business in Egypt 2008 report, it takes 33 days to register property in Assiut but 159 days on the outskirts of Alexandria. The process is most time-consuming in Cairo, where entrepreneurs have to wait over six months.
The report is the first subnational Doing Business report in the Middle East. It studies starting a business, dealing with licenses, and registering property in the three Egyptian governorates.
The report provides a tool to help Egyptian cities become globally competitive. By identifying good practices and bottlenecks, it fosters peer learning and competition to facilitate reform across the governorates. The indicators are used to analyze the economic outcomes of regulations and to identify which reforms have worked, where, and why. The report also provides information on the Egyptian government’s reform efforts.
Read related press release. . .
For copies of the report, visit www.doingbusiness.org/egypt or http://arabic.doingbusiness.org/egypt.
For additional information contact:
Rebecca Ong
Communications Officer
Phone: (202) 458-0434
E-mail: rong@ifc.org
Published December 10, 2007
