Egypt offers as the most populous country of the region with a growing young population not only a large market, but also a cheap labour pool. As result of her strategic position between three continents (Africa, Asia and Europe) and the recently enlarged Suez channel Egypt is ideally positioned for production, import and export.
Egypt tries to attract even more foreign investment with a new investment law in addition to existing benefits, like the special trade zones. The country hopes to create more jobs and more growth in important sectors, like agriculture, sustainable energy and tourism. Also several megaprojects are being completed, like its new capital and land reclamation projects.
After the Egyptian revolution in 2011 the country has experienced a period of political instability and growing insecurity. Under the current president Abdel Fatah al-Sisi stability and security have been largely restored and economic and social reforms are carried out in cooperation with international actors to restore Egypt's role as leading nation in the region.
Inhabitants: 97.5 mil. (33.5% <14 y.)
GDP per capita: $ 2413
Unemployment: 12% (34.4% 15-24 y.)
Education: 34.4% tertiary
GDP: $237 billion (+4.2%)
Import/export: $69/$37 milliard
FX rate EGP/EUR: 0.05 (inflation 30%)
Reg. position: 12th EoDB (13th GCR)
FDI (net): $7.4 milliard (-8.8%)
Special zones with low taxes
100% owner company/land possible
Investment incentives & guarantees
Tax & investment treaty with NL
In EU Free Trade Area (TBN DCFTA)
In GAFTA, AA, COMESA, UfM, WTO
Most trade with IT, AE, US, SA & CN
Data Population (WB database '17 ('16 Education)), Economy (IMF database '17, WB database '17, XE.com '19, Ease of Doing Business '18, Global Competitiveness Report '18), Investment (World Investment Report '18), International (IMF database '17)
Photo: Guillén Pérez