Egypt Vision 2030
- Egypt’s 2030 vision 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
REASONS TO INVEST IN EGYPT
- A LARGE, TRAINED, COMPETITIVELY PRICED LABOR FORCE
At about 28 million, Egypt’s labor pool is the largest in the region. For decades, Egypt has had a reputation as a net regional exporter of educated, skilled labor. However, as domestic demand for skilled labor rises, and the increase of youth searching for job opportunities.
- NEW ECONOMY
The Egyptian Economy’s resilience is capable of overcoming its economic challenges as it did in the 2008 financial crisis, and long-term investors will see many opportunities.
Egypt has started its transformation to a stable, democratic and modern economy, where the dividends of growth and prosperity will be shared by all who participated in its achievement.
- LARGE CONSUMER MARKET
Egypt has emerged as a consumer market of significant importance in the region, as witnessed by the arrival of dozens of global brands and the sharp expansion of retail sales in the past two years. This is partly due to the sheer size of Egypt’s population that put it as the most populated country in Africa and the Middle East.
“Egypt Your Gateway To Africa”
- Egypt occupies a central position between the meridians and the circles of supply and between the regions of production and consumption, and between continents and the oceans, and has one of the most important navigation arteries in the world
- More than 15 trade agreements with several countries in the world
- 3 trade agreements with African countries
“COMESA – Common Market for Eastern & Southern Africa”
- A Free Trade Area with twenty one member states of Africa. COMESA was formed in December 1994, replacing a Preferential Trade Area which had existed since 1981
“PAFTA – Pan-Arab Free Trade Agreement”
- An 18-member trading bloc assembled in 1997 for the purpose of coordinating tariff policy, stimulating intermember and global trade.
“Agadir Free Trade Agreement”
- The (AA) was signed in the city of Rabat on 25th of February, 2004 between Egypt, Jordan, Morocco and Tunisia.
- The agreement entered into force on the 6th of July 2006 after completing the ratification requirements.
- The real implementation was possible since March 27th 2007, after the publishing of customs circulars of the four member countries.
- Market of more than 120 million people with a combined domestic product of nearly € 200 billion