Egyptians working abroad. A decade of lavish foreign aid has upgraded much of the infrastructure to world standards. For example, in 1991, creditors, grateful for Egypt's crucial support in the Gulf War, canceled $15 billion in debts and rescheduled $10 billion in more favorable terms (The sphinx, 1992, p. 42).
Egypt's transportation systems involve the use of extensive railways, motor vehicles, shipping (especially from Suez Canal traffic), and civil aviation (Egypt, 1993, p. 1001). Egypt's Suez Canal Authority is working to increase oil tanker traffic through its waterway, which diminished greatly during the Gulf War. Egypt is contemplating a $1.2 billion program to deepen the canal from 53 feet to 67 feet (Knott, 1992, p. 34). In Cairo, the increased use of buses, private and business vehicles, and motor cycles (the result of a steadily rising population) have created acute traffic congestion and high pollution levels (Wallace, 1992, p. 45).
From an investor's perspective, Egypt offers a skilled and fairly inexpensive labor force, together with a large domestic market. Industries that are growing are telecommunications equipment, automotive parts and services equipment, electrical power systems, computers and peripherals, construction equipment, water resources equipment, industrial chemicals, and medical equipment (Sams, 1992, p. 44). For example, Suzuki Motor Company has recently entered joint venture with Egypt's national auto manufacturer, NASCO. The Egyptian government adopted a policy to allow three car makers to assemble commercial vehicles in t
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