We want to assist you with Business Opportunities in Egypt, get Business Opportunities in Egypt as well as to search for and connect with leading Companies in Egypt. We also provide a list of key Government trade advisors who assist you with doing business in Egypt and other relevant business information on Egypt. Specifically we offer three digital portals that are FREE to use and will be of interest to you…..You can join our Africa Business Community FREE so we can promote your company here. After that if you have a specific investment or business proposition add it to the Africa Business Opportunities Dashboard FREE. Want investment, or to find a business partner, are you selling real estate etc, do you have goods, products or services you want to promote? If so our Africa Business Opportunities Dashboard is for you. View some of the business opportunities uploaded by our Africa Business Community here. Fast growing, more established Egypt companies with experienced management teams looking for investment can add themselves to our closed AFSIC African Investments Dashboard – after you have uploaded information about your investment opportunity we can send it directly into the inbox of many of Africa’s most important investors. To benefit from any of these options join our Africa Business Community today FREE !
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Knowledge
Country overview: Egypt is located in North Africa. It shares borders with Libya to the West, Sudan to the South, Israel & Gaza Strip (Palestine) to the Northeast. It gained its independence from the British (under UK protectorate status) on 28 Feb 1922. Its capital is Cairo with 27 Provinces (Governorates). It is a multiparty Presidential Republic with the President sitting as the Head of State and Prime Minister as the Head of Government. It runs a bicameral legislative system of government consisting of Senate and House of Representatives. Major languages in the country include Arabic (Official), English and French sparsely understood by the country’s elite. Islam is the major religion with Christians as minority. It has a mixed legal system of Napoleonic civil and penal law, Islamic law and relics of colonial-era laws. It has an area size of 1.0 million sq km. Bordered by the Mediterranean Sea on the north, Egypt is a transcontinental country. It serves as a gateway between Africa, Middle East and Europe. The country has built an extensive international trade network, benefitting from its location with these continents. Essentially, Egypt is central to the development of the MENA region.
Demographic Information: Egypt has an estimated population of 104 million comprising mostly of a younger population (less than 19 years) which makes up about 51.6% of the population, those in the age bracket of 19-65 years makes up about 43.9% of the population and above 65 years age group makes up about 4.5% of the population. Egypt’s is the world’s 14th-most populous country and the most populous nation in the Arab world. It benefits from a large, rapidly expanding, and youthful population. Average population density is estimated at 103 inhabitants/km2. In terms of human development indicators, it has a life expectancy of 75.3 years (Women) and 72.3 years (Men). It achieved universal primary education with a 106.4% Primary enrolment rate in 2019 and overall literacy level of 71.2% as at 2017.
Broad Economic Overview: The Egyptian economy relies on tourism, revenue from Suez Cana, natural gas, crude oil, manufacturing, and agriculture. Agriculture and manufacturing contributes 11.2% & 15% of the GDP resp. Agriculture employs 25% of the active population (World Bank, 2018). Main agricultural crops are cotton, sugar cane, cereals, and beetroot. The Egyptian economy is resilient having survived internal political crises that led to revolution that ousted MUBARAK in 2011 and an acute dollar shortage due to decline in the global crude oil price in late 2016. These developments restricted the country’s economy growth, however, the economy rebounded from 1.9% GDP growth in 2011 to achieving 5.9% GDP growth in 2019 following various reforms. It managed to achieve a GDP growth of 4.2% at 5 yr compound annual growth rate in 2019. Main exports include oil and gas, cotton, metal products, textiles, etc. Major imports include fuel, machinery and equipment, foodstuffs, chemicals, wood products etc.
Investment Opportunities: Following an ambitious programme of economic reform since 2016 supported by IMF and World Bank, Egypt has succeeded in creating a more business-friendly environment with rapid growth in exports, investment, and improved public finances. The reform programme tagged Egypt Vision 2030, is a sustainable development strategy that establishes a roadmap for maximizing the use of Egypt’s competitive opportunities and advantages. A new integrated network of economic centers is being created, known as the Suez Canal Area Development Project (SCZone), an innovative development area that will transform 76,000 square kilometers along one of world’s most important trading routes into an international commercial hub. Egypt’s energy sector is also ripe for growth and investment thanks to the massive Zohr natural gas field that was discovered in the Mediterranean Sea and began production in 2017. Targeted sectors for investment include Agriculture, Communication & Information technology, Health Care, Food processing, Leather Industry, Real Estate, Petro Chemicals, Mining, Financial and Insurance services sectors.
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Other Information Sources
Unable to find the information that you require? You may want to access the following internet sites to obtain further information on Africa, investing in Africa, African business and African investment opportunities….
African Development Bank: www.afdb.org
African Investments: www.africaninvestments.co
AFSIC – Investing in Africa Event: www.afsic.net
BBC Africa: www.bbc.co.uk/news/world/africa
Investing in Africa: www.invest-in-africa.co
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Our team has enormous experience living, working and investing in Africa. We have a comprehensive view on investment opportunities in Africa and Africa’s most important investors and we cover all 54 countries in Africa. As such we should be able to assist you on your query on Business Opportunities in Egypt. Our experience is evidenced by the success of our annual AFSIC – Investing in Africa event which we believe is the largest annual Africa investment event taking place outside Africa, and one of the most important conduits of investment into Africa. More information on us and our team is available here.