Years of careful financial regulation have helped to create a robust banking system. The sector has continued to boast low levels of non-performing loans, high capital adequacy ratios and sufficient provisioning. As a result, by 2022 it was clear that Egypt had avoided some of the worst economic consequences of the Covid-19 pandemic seen elsewhere. As of April 2022 around two-thirds of Egypt’s…
Egypt’s robust fundamentals – supported by a diversified economy, sustained levels of consumer spending and a large workforce – has created a dynamic business climate and helped further develop the economy. This has enabled the country to avoid some of the more severe repercussions of the Covid-19 pandemic faced by neighbouring nations. According to IMF forecasts, GDP is expected to expand from…
The Guide contains listings of accommodation options in Cairo for both business and leisure travellers. Helpful information is laid out on visa regulations and business etiquette, as well as on public and private transport options for navigating during your stay.…
Foreign investors looking to establish a business in Egypt – whether directly or through a joint venture – can enter the market by establishing a legal entity, the structure of which would depend on the needs and the scope of business involved. The government continues to work to attract investment, especially in several mega-projects in fields such as electricity, energy, industry, agriculture,…
The Covid-19 pandemic brought the limitations of the Egyptian health care sector under the spotlight, notably in regards to the medical staff-to-patient ratios and hospital bed numbers below the regional average. However, the health crisis has also helped to spur investment across the sector, especially in telehealth and medical technologies. Egypt is now advancing in its aim to deliver universal public…
In 2020, when international arrivals and tourism operations were affected by the Covid-19 pandemic, there was a worry that the tourism industry would lose its post-2017 momentum. However, efforts have been made to maintain the upward trend. Indeed, public investment in the tourism sector and concerted marketing campaigns aimed at fuelling engagement laid the groundwork for a rebound. In May 2021 the…
Egypt was seen as a global centre of knowledge, science, and development throughout antiquity. Today, it stands in an economically advantageous location, straddling the Mediterranean and the Red seas, and at the confluence of Europe, Africa and Asia. The Suez Canal, completed in 1869, is one of the world’s busiest shipping lanes. Moreover, Egypt’s population is large and rapidly expanding, at a…
During a time of heightened global macroeconomic uncertainty, progress on new cities and mega-projects has helped Egypt maintain positive economic growth during the pandemic. Demographic expansion has fuelled the need for infrastructure and urban expansion, creating significant demand for road, rail and utilities, as well as new housing and government facilities. At the same time, ICT infrastructure…
Egypt’s universal health insurance and large national health campaigns have sought to deliver improved health outcomes and broader access to care. Although Covid-19 has affected overall economic activity, it has also catalysed innovation and growth in the health sector. Egypt has successfully launched telemedicine initiatives and incentivised private investment to target underserved segments of…
– Digitalisation is an increasingly important concept in the Egyptian construction sector – The government’s flagship smart cities programme could provide housing for some 30m people – Sustainability is growing in importance, not least in light of the upcoming COP 27 – Economic uncertainty could result in a delay in the uptake of sustainable principles Architects, property developers…
