Egypt
Egypt has witnessed an economic boost in the last couple of years due to the economic and structural reforms program that the country implemented in 2016. As a result, the investment climate has grown to be very attractive for local and foreign investors through many favorable incentives.
Egypt has always been famous as the ideal market for investments; its vast population and the untapped dynamic market facilitate introducing and testing new ideas.
Facts and Figures about Egypt
- The current population surpasses 101 million, with almost 16.6% young population aging between (21 - 29).
- Egypt's Suez Canal hosts 10% of the world trade passing through it annually.
- Inflation rates have decreased dramatically, and the GDP is expected to grow by 3% for 2021.
- Interest rates have dropped from 13% to 8.25%.
- Egypt's geographical location has always been a great asset. Since it perfectly lies in the heart of Africa and acts as a gateway to multiple European countries.
- In 2019, Egypt’s startups raised collectively $95 million in 142 investment deals, setting a new record.
- New Cities especially the new administrative capital is providing investors with attractive investment in Egypt opportunities primarily real estate opportunities.
*Disclaimer: This material has been prepared for general informational purposes only and is not intended to be relied upon as legal, accounting, tax or other professional advice.
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