Egypt - Best Business Opportunities, Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship

Description:

Introduction

Egyptis a transcontinental country spanning the northeast corner of Africa andsouthwest corner of Asia, via a land bridge formed by the Sinai Peninsula. Thecapital, Cairo, is home to Ottomanlandmarks such as Muhammad Ali Mosque. Most experts believe that the future ofEgypt now looks good and fruitful. Investing in Egypt can be a wise decision atthis point of time, where Egypt seems to veil a lot of potential, which is saiddue to the largest consumer market the country has. Also, the location of Egyptis very favourable and the Egyptian economy is anticipated to grow in the nearfuture as well.

BUSINESS SECTORS

Agriculture Sector

Theagricultural sector is of critical importance to Egypt’s economy and is acornerstone of the country’s economic recovery. The Egyptian economy hastraditionally relied heavily on the agriculture sector as a source of growthand support for non-agricultural sectors. Development research across a broadarray of countries suggests that rapid agricultural growth results in thequickest employment growth, so it is the best entry point for ensuring thateconomic growth is broadly participatory and hence equitable.

Transportation

Transportin Egypt is centred around Cairo and largely follows the pattern of settlementalong the Nile. There has been significant investment into the transport sectorin the country. Some areas, such as Egypt’s rail network, are in need ofsignificant infrastructural improvement. Other subsectors, including ports anddry ports, offer investment opportunities in value-added services alongsidelarge development projects.

Tourism

Tourism is one of the mostimportant sectors in Egypt's economy. First, there is the historical orcultural tourism, which makes use of the many architectural attractions and theinterest in Ancient Egypt. Second, there is the recreational tourism, whichoften involves beach holidays and cruises along the Nile. Egypt’s tourismindustry is among the most diverse and vibrant in the world.

Textiles and Garments

Thetextile industry is one of the oldest in the world. These are both public and privatesector companies. Processing of Cotton Based Textiles is processed throughthree main stages, comprising spinning, Knitting or weaving and wet processing.It is the second largest producing sector after agro-industry and the first interms of jobs accounting for 30% of local employment.

Electricity and Renewable Energy

Egypthas a tremendous potential for renewable energy: the coastal areas on the Red Seaare among the world’s finest wind regions and the vast desert areas in thecountry enjoy intense solar radiation. Achieving high sustained economic growthand improved standards of living across the country will lead to acorresponding increase in energy demand. 

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