July 5 - The GAC Group's regional office for Africa, Russia and Central Asia has relocated from Cairo, Egypt to Cape Town in South Africa.

Modern infrastructure and well-developed financial, legal, transport, communication and energy sectors were motivations for the relocation, says Erland Ebbersten, group vice president, GAC Group. Furthermore, Cape Town is a hub for many oil and gas customers in sub-Saharan Africa and basing the GAC office in the city will better serve this niche market, he added.
"This region is one of the world's most dynamic growth regions, with seven of the world's ten fastest-growing economies are found in sub-Saharan Africa," Ebbersten observed.