Egypt Economy

"The Undiscovered Business Country"

Herodotus the great fifth century BC historian wrote about Egypt that:

“Nowhere are there so many marvellous things, nor in the world besides are to be seen so many things of unspeakable greatness.”

In fact very little have changed since then. The Great Pyramids of Giza, the River Nile, Alexandria, the Sphinx, and Luxor...

But what Herodotus did not even see at the time, is what this great country offers the business world today.

Today, Egypt’s scope is glorious!, especially for doing business.

Egypt is not just the Pharaonic monuments that have drawn travellers to Egypt since long before the birth of Christ - it is the legacy of the Greeks, Romans, and early Christians, and the profusion of art and architecture accumulated from centuries of successive Islamic dynasties.

It is its people, its climate and its appetite for doing business with the world, which makes this country the greatest undiscovered Country for doing business in the world today.

Today’s Egypt boosts a great environment for doing business, its passions, its willingness, its politics, its government and its sophistication are all unequalled in any other business destination in the world.

What is Egypt Economy?

Egypt economy is the most varied of the Middle East economies, where sectors of tourism, agriculture, industry and service contribute at almost equal rates in the national production.

Consequently, Egypt is picking up development at increasing rates, based on a climate luring investments represented in proper legislation, convenient policy, internal stability, and trade and market liberalization.

This is besides what Egypt possesses of solid infrastructure of transportation, communication, energy sources, skilful work force, modern industrial communities, banking system and stock market.

In this section of this website, you will beyond doubts find all you need to know about Egypt Economy to start your business here.

Nowhere in the world, has there been any more advantageous environment for investment like in Egypt. Just see for yourself.

To start with, please see Social and Economic Development A Follow-Up Report for the Year (2006/2007), an authoritive Egyptian Government report on the state of economics in the country.

When you finished, please come back to see this great video clip and visit these important links below the video.

Economy of Egypt from an International Prespective
A series of International Monetary Fund arrangements, coupled with massive external debt relief resulting from Egypt's participation in the Gulf War coalition, helped Egypt of egypt improve its macroeconomic performance during the 1990s. Through sound fiscal and monetary policies, the Government of Egypt tamed inflation, slashed budget deficits, and built up foreign reserves.

Egypt Agriculture
Egyptians have associated themselves with the River Nile and with agriculture since time immemorial. They were the first ever to create an irrigation system, invent Nilometers to measure the height of water in the river and build dams and barrages to store and control water

Egypt Industry
Egypt Industry was first known to the people of Ancient Egypt. They extracted, smelted and worked metals such as copper, silver and gold; made farming tools, war equipment and pottery; built ships, made clothes, extracted oils and worked precious stones.

Egypt Energy Resources
Egypt Energy Resources are an effective mainstay of socio-economic development efforts in Egypt. Therefore, the development and efficient utilization of Egypt energy resources are a very important factor in the success of our strategy of sustainable development.

Transport & Communication
Egypt transport system was the first in the world. The Ancient Egyptians knew about navigation and shipbuilding long before the rest of the world. Evidence of this can be seen in Queen Hatshbsut's naval campaign to the land of Pont, (currently Somalia) in B.C. 1491. Ancient Egyptians also constructed roads and transported goods by boats over the River Nile to the Mediterranean.

Egypt Banking & Finance
The banking sector plays a crucial role in the development process of Egypt. The banking sector consists of commercial banks, which are local banks and non-local banks.

Foreign Trade & Investment

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