Overview

How Egypt's investment in health care is improving access and outcomes
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The introduction of an overarching health care reform in 2018, aimed at providing universal coverage, has helped to initiate a complete overhaul of the Egyptian public health system. The Universal Health Insurance (UHI) policy is seeking to reshape the fragmented health care system and encourage greater collaboration between the public and private sectors. Currently, rapid population growth and securing…

Overview

Will regulatory changes in Egypt attract more foreign direct investment?
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Egypt’s legal framework outlines restrictions on foreign investment only in specific sectors. These include commercial agencies (which require 100% local ownership), import firms (51% local ownership) and certain activities that require regulatory approvals – irrespective of the nationality of the investor – such as banking and insurance. Companies operating in the Sinai Peninsula must also be…

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Hotel options in the Greater Cairo area
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SEMIRAMIS INTERCONTINENTAL CAIRO Corniche El Nil, Garden City, Cairo T: +20 (2) 2798 8000 www.intercontinental.com info.semiramisic@ihg.com Rooms: 721 rooms, including 68 business, junior, executive, Nile and presidential suites with Nile view. Business & Conference Facilities: 11 banquet and meeting rooms, in addition to the Semiramis Pavilion. Audiovisual equipment and Wi-Fi. Business centre. Health…

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Tips and information for travellers to Egypt
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Etiquette It is integral to Egyptian culture to be courteous to foreigners. A conversation, whether business-related or not, is usually accompanied by coffee, tea or juice. Social rules dictate the appropriate way to greet people in business meetings. Close friends of the same sex will sometimes greet with a kiss on each cheek, although a handshake is also common. While it is inadvisable to drink…

Overview

Rise in telecoms demand and new regulations shift Egypt's digital economy
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The development of Egypt’s ICT sector is supported by concerted efforts to diversify the economy and develop knowledge-based industries. In FY 2019/20 and FY 2020/21 the sector’s growth significantly outpaced that of the broader economy. This trend is set to continue, with the government working to bolster internet access in rural areas, improve service delivery, and develop infrastructure that…

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Egypt's urbanisation projects drive demand for real estate
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While the Covid-19 pandemic put pressure on real estate sales after a partial lockdown in early 2020, the sector has demonstrated resilience over the medium term. According to the Aqarmap Egypt Index, in March 2020 real estate demand fell by a record 29.6% to 1936 points, the lowest level since the Egyptian pound was floated in 2016. However, by March 2021 demand had recovered to 2483 points, and as…

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Egypt's mega-projects trigger growth in construction
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The government of Egypt has placed a strong emphasis on infrastructure development and construction as key engines of urban growth and financial stability in the years since the country embarked on an ambitious IMF-backed economic reform programme in 2016. Egypt’s road networks, power production capacity and rail infrastructure have expanded rapidly in recent years, underpinned by population growth,…

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Improving Egypt's logistics infrastructure to facilitate trade
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As one of the busiest passenger and cargo centres in Africa, Egypt’s transport and logistics sector is among the country’s priority drivers of economic growth. There have been concerted efforts by the government to leverage and transform the transport network via a substantial 10-year infrastructure plan, which aims to boost foreign trade, and manage urban and economic development. These efforts…

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Diversification spurs Egypt's retail sector
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Egypt’s rising population, affluent middle class, and emerging secondary cities have led to rising sales growth in shopping malls, convenience stores, supermarket and hypermarket chains, and e-commerce platforms. Recent government legislation supporting the development of commercial retail spaces has also encouraged the private sector to make significant investment in the space, particularly in the…

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Egypt shifts towards technology-intensive manufacturing
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Egypt’s industry and manufacturing sector, which accounts for around 15% of total GDP, plays a prominent role in the country’s economic development agenda, which emphasises innovation, sustainability and enhanced ties with the African continent. Indeed, scaling up investment in manufacturing is a policy priority as the country accelerates industrialisation and shifts from low-value-added to high-value-added,…