Egypt

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ITE chose Egypt as its strategic base in the Middle East as it is the trading hub linking North Africa, South Africa and the other countries in the Middle East. In September 1999, ITE Group acquired a majority shareholding in the Cairo based exhibition company, Mediterranean Exhibitions & Conferences ("MEC"). MEC is the organiser of MIDEC, the Middle East Construction & Building exhibition and conference and an internet and information technology event. MEC also forms ITE's acquisition vehicle in the Middle East and in November 1999, ITE entered into a 50/50 partnership with ACG and ITF International Trade fairs which added another 13 trade fairs for the motor, plastics, printing, oil and gas, machine tools and construction industries to the portfolio. The Groups activities in Egypt are managed by Board Member Mohsen Ghozzi.