Economy

Paris resembling buildings in downtown Cairo. In the centre is the statue of Talaat Pasha Harb, the father of the modern Egyptian economy.

Cairo is also in every respect the centre of Egypt, as it has been almost since its founding in 969 AD. The majority of the nation's commerce is generated there, or passes through the city. The great majority of publishing houses and media outlets and nearly all film studios are there, as are half of the nation's hospital beds and universities. This has fueled rapid construction in the city—one building in five is less than 15 years old.

This astonishing growth until recently surged well ahead of city services. Homes, roads, electricity, telephone and sewer services were all suddenly in short supply. Analysts trying to grasp the magnitude of the change coined terms like "hyper-urbanization".

Cairo's automobile assembler and manufacturer Arab American Vehicles Company Egyptian Light Transport Manufacturing Company (Egyptian NSU pedant) Ghabbour Group (Fuso, Hyundai and Volvo) MCV Corporate Group (a part of the Daimler AG) Mod Car Seoudi Group (Modern Motors: Nissan, BMW (formerly); El-Mashreq: Alfa Romeo and Fiat) Speranza (former Daewoo Motors Egypt; Chery, Daewoo)

General Motors Egypt