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Who We Are

HLB Egypt-Makary Consulting is a financial, economic and market consulting firm with large experience in the Egyptian market and with regional experience in Africa and Arab Countries. The firm was established in 1999 and founders were involved in the consultation business since 1980.

In August 2012, HLB Egypt-Makary Consulting joined HLB International, a world-wide network of independent professional accounting firms and business advisers, formed in 1969, comprising member firms in 150 countries, and ranked among the 12 largest international networks of accounting firms and business advisers world-wide. Over its 40-year history, HLB International member firms have developed a comprehensive range of services and expertise, servicing multi-national clients across all industry sectors, combining local expertise with a powerful international capability.

The firm deals basically with international donor organizations, multinationals, government agencies and ministries, as well as local, regional and international medium to large investors and corporate companies.

It conducts studies in almost all sectors and sub-sectors in Egypt including public utilities (Water/Wastewater Sector), construction, housing, tourism, textile, processed food, engineering, chemical, petrochemical & oil, pharmaceutical, and irrigation and agriculture.

It is a registered consultant with World Bank, IFC, KFW, UN and other institutions.

The main tasks undertaken by the firm are listed below:

  • Financial and market advisors for international institutions for existing and potential projects;

  • Financial feasibility studies to indicate the return to private investors;

  • Financial analysis and evaluation studies for existing clients;

  • Financial valuations of existing companies or projects (key experts involved intensively in the privatization scheme in Egypt);

  • Assessment of the financial and market feasibility and viability of start- up projects;

  • Cost accounting exercises and studies to enable informative decision to be taken concerning appropriate marketing strategy;

  • Intensive market studies for varieties of products or services;

  • Thorough demand and supply analysis to identify key market parameters and potential market gap;

  • Sectoral market studies to be used as reference for institutions;

  • Suggesting, designing and helping in implementing appropriate marketing strategy tailored for current and potential clients;

  • Economic development/assessment studies for social, infrastructural and environmental projects;

  • Economic feasibility studies (cost-benefit analysis) to indicate the return to the society;

  • Economic country reports as well as assessment of economic implications of mega projects conducted by the international organizations and the Egyptian government;

  • Strategic sustainable plans;

  • Expert quantum reports for legal arbitration cases.

HLB Egypt-Makary Consulting possesses large experience in the Egyptian Market, as well in specific countries in the Middle East and Africa through being involved in a large number of market, financial and economic studies for almost all sectors.

Specific Experience in the Region:


Date from - Date to


2000 - Present

Sultanate of Oman

2011/ 2016-Present






2005/ 2016-Present




2005 - 2007


2004 - 2007




1999 - 2004

Contact Us

25 El-Obour Buildings, Salah Salem St., 10th Floor - Apt. 4, & 14th Floor - Apt. 4, Cairo, Egypt

+20 2 2403 4363
+20 2 2404 5789
+20100 349 6671
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