Endless Opportunities

Egypt is the fifth largest economy in the Middle East and the third largest in Africa. It is increasingly establishing itself on the global investment map. Egypt remains by far the country attracting the largest annual foreign direct investment inflows in Africa, rising by 11% last year to USD 9 billion. Compounded total FDI in Egypt stands at nearly USD 110 billion.

Investors consider Egypt’s exceptional advantages. It has a strategic geographic location, possesses a qualified low-cost labor force, a massive domestic market, its tourism potential is untapped, it holds colossal energy and mineral resources, its economy is welldiversified, and the government strategy is continuously working to improve the business climate.

“Egypt Vision 2030” identifies a number of macroeconomic goals including raising annual GDP growth to 12%, GDP per capita to USD 10,000, share of global GDP to 1%, reducing unemployment to 5%, inflation rates to 3-5%, public debt as a share of GDP to 75%.

A new investment law ratified in 2017 has changed the landscape of business in Egypt by reducing barriers for foreign companies, offering incentives and providing new tools to ease international investment. Egypt, now more than ever, has a competitive edge in its region.

Egypt’s vital tourism sector is also showing signs of recovery from the setbacks caused by the COVID-19 crisis, as the country is welcoming back inbound foreign tourists starting July 1st 2020 to explore its marvelous historical treasures and resorts while adhering to strict health guidelines.