A country full of
deserts as well as minerals in the Middle East, Egypt offers an exploration
ground for various traders and business enterprises. Many such enterprises
approach the country and its capital city Cairo in search of minerals and
petroleum products. A very important product is fertilizers and the fertilizer companies in Egypt are
virtually flourishing due to huge sales and transactions.
Difficulties to be addressed
However exploring
minerals in Egypt is not one of the easiest of the propositions for the
prospective buyers. Various factors come to play major influence on the process
of buying fertilizers in Egypt. The
same analogy also applies in case of transaction relating to iron ore and
petroleum products in Egypt. Some of the major issues to be addressed are long
and cumbersome distances, the extremities of climate, poor bibliographies as
well as lack of facilities for the prospective buyers.
Attempts at Mineral Exploration
Multinational
companies and large organizations prefer obtaining mining lease so as to buy iron ore in Egypt. For this they
often use the services of reliable and efficient local trading partners who
take care of striking profitable deals. Such intermediaries also become very
useful for medium and smaller enterprises who do not opt for mining lease and
instead prefer to buy iron ore in Egypt from
some provider company. The service provider ensures that the buyer gets all the
worth for the money invested. In addition; such agencies also take care of the
legal issues involved in procurement of the minerals and petroleum products.
Major Sources of Products
Major sources of
minerals and petroleum products in Egypt are the Western Desert, Sinai Peninsula,
and Red Sea Coast. These areas are not so rich in iron ores and other such
minerals but are quite rich in fossils that make them potential sources for
petroleum products. When buyers procure petroleum
products online in Egypt they are often accommodated using these potential
sources.
Balancing the Population Load
A severe hindrance
on the path of the Egyptian economic progress is absence of arable lands in the
country that is only around 5% of the total land in the country. However this
deficiency is neutralized to a large extent by the large export of fertilizers in Egypt. In addition; many
customers also opt for petroleum
products online in Egypt and these two are major sources of national income
for the country.
Decentralized Market Oriented Economy
Modern economic
scenario in Egypt is one of decentralized and markets oriented system of
planning and its implementation. This has attracted large amount of foreign
investments and most of the investments are in the iron ore, petroleum products
sectors as well as in the Fertilizers
Companies in Egypt.
In fact; fertilizer
has assumed a premier position in the Egyptian economy and its agrarian sector.
Farmlands are extremely intensively cultivated producing multiple crops
annually. This requires use of high quality fertilizers without much adverse
health effects for users of the crops and that is why of late the fertilizer
companies in the country are expanding rapidly.
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Iron Ore in Egypt