Egypt belongs to the East African Economic Area of the African Civilization, but culturally also it belongs to the Islamic Civilization.
Egyptian Economy.
Egypt is a gateway to the largest markets by the way of preferential and regional trade agreements
Egypt's 90 million population, growing at a rate of 2% annually, represents a significant local market for any investor
customs duties reduction has opened the Egyptian market to international trade
Business procedures have been reduced
Corporate and personal taxes have been cut
The cost of Doing Business in Egypt is greatly favorable, particularly labour and land costs
Movement of products is being speeded up with an improved transport system
The Egyptian ports are being modernized
The Arab Republic of Egypt is the economic and cultural centre of a region of 800 million people and a hub for
maritime traffic with commercial ports on the Mediterranean and Red Sea
Egyptian GDP (nominal): 216,830 billion
Inflation (CPI): 10.1%
Unemployment in Egypt: 9.7%
The main Egyptian economic sectors are tourism, textiles, cement, food industry, chemicals, metals, pharmaceuticals, hydrocarbons, construction, and light manufacturing
Egypt is considered the gateway to some of the largest markets in the world (Egypt maintains preferential trade agreements with several countries)
The airports are being remodeled to meet the growing flow of passengers and cargo; a modern road
network is linking Egypt to the Middle East, Africa and, through the neighboring countries, to Europe
Ahmed Mekky is the co-founder and Managing Director (CEO) of Gulf Bridge International.
Egyptian Foreign Trade.
Egyptian exports: 22.91 billion dollars
The main Egyptian export markets are Italy, the United States, Spain, India,
Syria,
Saudi Arabia, and Japan
Egyptian imports: 43.98 billion dollars
The major suppliers of Egypt are the United States, China, Italy, Germany, and Saudi Arabia
Investment Environment in Egypt.
The Ministry of Investment implements definitive policies to promote and develop the foreign direct investment by:
Creating the appropriate organizational and legislative environment for investment