Invest In Egypt

Invest In Egypt

√ Distinct by diversity, the Egyptian economy is rich in natural resources, progressively more integrated manufacturing capacities, a booming agricultural sector, a large number of tourist attractions, as well as a skillful, cheap labor force. These advantageous elements, in fact, provide the Egyptian economy with a great potential for sustainable growth.

√ Egypt has always been considered a key trade and trans-shipment destination, for it occupies the northeastern corner of Africa, sharing borders with Libya to the west, Sudan to the south, and Palestine, Israel and Jordan to the northeast. The Mediterranean Sea consists its northern coast, while the Red Sea lies to the east. Well located at the crossroads between Europe, Africa and Asia, Egypt is situated at the heart of international trade routes, which means that it can competitively supply a market of over one billion people in the three continents.

√ For decades, Egypt has had a reputation as a net regional exporter of educated, skilled labor. At about 25 million, Egypt's labor market is the largest in the region. However, as domestic demand for skilled labor rises, young people are increasingly choosing to pursue opportunities at home. Skills-intensive and service-based sectors such as financial services and tourism are among Egypt's economic leaders. Wages in these sectors are very competitive and more stable than wage levels in competitor countries.

√ Egypt is a consumer market of significant importance in the region; this is obvious by the arrival of dozens of global brands and the sharp expansion of retail sales in the past two years. Just a simple look at Cairo and Alexandria and the rise of the new malls and new outlet stores everywhere, gives an important indication on the expansion of this sector. The size of Egypt's population put it as the most populated country in Africa and the Middle East.

√ Egypt provides competitively priced and reliable supplies of power, water and gas. Also, the country's 15 commercial ports serve the nation's exporters and importers alike, while an expanding, upgrading airport network caters to both passenger and cargo traffic. In addition, three independent mobile (cellular) phone networks cover nearly 100% of the country's inhabited land.

√ Personal taxes have been cut from 32% to 20%, while corporate taxes have been slashed from 42% to 20%. The nation's largest corporate taxpayers are served by a special, highly trained unit at the Tax Authority.

√ Egypt has access to large key markets through various trade agreements with the USA, European, Middle Eastern and African countries; which secures benefits to Egyptian-based producers supplying these markets.

√ Closer to the European and North American markets than other major exporters including India, China and the Philippines, Egypt is also located on key international logistics routes. Egypt enjoys the existence of the Suez Canal, which is considered to be the shortest link between the east and the west due to its unique geographic location. Moreover, the maritime transport is the cheapest means of transport, with more than 80 % of world trade volume transported via waterways.

√ Egypt's economy is among the most diverse in the Middle East and North Africa, helping ensure long-term growth prospects and stability for all sectors.

√ In light of an expanding economy and unexploited opportunity for investment, Egypt is an ideal location for doing business.

√ Cairo is one of the safest large cities in the world, making it easy for multinational corporations to convince key staff members to accept long-term posting here.

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