We are optimistic investors in Egypt where social, political and economic transformation is well under way following recent tumultuous times. Having secured a USD 12 billion extended fund facility with the International Monetary Fund (IMF), the country is well-positioned to capitalize on the implementation of much-needed reforms that will help to create an increasingly investment-friendly climate, driving economic growth as well as bringing in more foreign direct investment (FDI).
Investing in Egypt is underpinned by solid fundamentals. Egypt has the third-largest economy in Africa, which over time has demonstrated remarkable resilience. The Egyptian economy is well-diversified, in contrast to other energy-dependent countries in the Middle East North Africa (MENA) region. Egypt’s demographics are also favorable, as the country’s youthful population represents an underserved and unleveraged consumer class, as well as an educated labor pool.
Unlike other MENA countries, Egypt’s economy is not energy dependent
Egypt’s economy recorded positive growth even through political instability (2011-2013)
Private Consumption [% of GDP (EGP bn)] will continue to drive growth in all sectors
