Egypt has one of the largest and most developed economies in the African and the Middle Eastern regions, which makes it highly popular among investors. It is considered to be a major emerging market economy and is even part of the Goldman Sachs Next Eleven emerging market economies. Most experts believe that the future of Egypt now looks good and many investors will start to invest in Egypt. Also, Egypt’s vision 2030 plans to develop a competitive, balanced and diversified economy, Supporting innovation and knowledge, social justice, economic development, and the environment.

The sustainable development strategy is achieved through a collaboration system investing in human capital and diversified locations in Egypt to improve Egyptians’ quality of life that is built on transparency and social equality, in which it will lead to economic growth and it will be one of the regions that investors will look for when it comes to investments. And finally, the strategic key location of Egypt in addition to projections of major future trade and economic growth makes it one of the key places you should consider investing in.

In 2017 Egypt exported $30.1B, making it the 62nd largest exporter in the world and the 72nd most complex economy according to the Economic Complexity Index (ECI).

Because of its geographic location, as well as being the second-largest signatory to multilateral trade agreements in the world, Egypt connects investors with established and emerging markets.​

Egypt, in 2015, reached the 19th position (out of 157 countries) in the Unctad’s “Liner Shipping Connectivity Index” ” which measures competitiveness in the maritime system based on the network and the quality of the container liner service offered by the ports. In addition, between 2007 and 2014 Egypt raised 35 positions in the Logistic Performance Index, reaching the 62nd position. In 2016, Egypt has moved up 13 places to rank 49 in LPI (World Bank indicator measuring logistics competitiveness of 160 countries in the world). Egypt has a number of bilateral investment agreements in place with countries around the world, including Belgium, China, Finland, France, Germany, Greece, Italy, Japan, Libya, Luxembourg, Morocco, the Netherlands, Romania, Singapore, Sudan, Sweden, Switzerland, Thailand, Tunisia, the United Kingdom, and the United States.

Egypt signed several agreements that will generate new investments “according to Enterprise magazine”, like:

• Kuwaiti loan for Sinai development: The Kuwaiti Fund for Arab Economic Development will provide a USD 83 mn (KD 25 mn) loan to fund works on a highway linking North and South Sinai;
• USD 50 mn facility from EIB for community-led SMEs: A USD 50 mn facility for the European Investment Bank (EIB) that is part of the USD 99 mn program for SMEs development. The EIB is expected to sign another EUR 500 mn SMEs financing agreement with Banque Misr later today;
• Two separate economic cooperation MoUs with Angola and Djibouti that will see us involved in more joint projects and increase the frequency of business delegation visits to and from the two African nations.

 

There’re many opportunities also for the startups in Egypt as Egypt ranked first by the number of funding deals in MENA with 25% of deals in MENA, According to magnitt magazine

There also many efforts for creating new investment opportunities in Egypt and other African countries.

In Egypt, you can

• Start a business
• Test a product / a business
• Reach many nationalities as Egypt holds many different cultures from different countries: Europeans, Asians, Americans, and so.
• Reach for financing
• Outsource (IT – HR – Call center – Software development – Digital marketing)
• Recruit

SME Consulting can help you with any of the above to start/enhance your business.

You can check some of our case studies from this like: https://smecastle.com/sme-consulting-case-studies/

So, if you’re an entrepreneur, an investor or intent to open your own business in Egypt, In SME consulting we could help you to invest in Egypt by providing different services to you such as Business plans, Digital marketing, Feasibility studies, and Market research. You can visit our website to read more about our services here: https://smecastle.com/business-consulting-services/