Analysis of key sectors of Egypt: Business opportunities and trends
Egypt is one of the fastest growing and most promising economy in Africa. Egypt's high growth rate in recent years was driven by high international tourist inflow, growth in trade & logistics and ICT market. Egypt GDP is growing at a moderate rate of 4.3% in 2015.
It has Third largest economy in Africa and Fourth largest in GDP growth (excluding countries having small GDP). Egypt has huge Tourism and Entertainment Industry which gives boon to the economy.
Growth in Imports and fall of exports have given a headache to the economic conditions of the country with falling current account deficit in the 1st Quarter of 2014.
Fresh elections in mid-2014 and new business friendly government have given a base for improvement for exports.
About 3 percent of Egypt’s total area is arable. Lack of forests, permanent meadows or pastures places a heavy burden on the available arable land. This limited area, which sustains on the average 9 persons per acre, is, however, highly fertile and can be cropped more than once a year.
Egypt is home of 82.06 million people in 2014 and is expected to reach 91.5 million till 2020, with the majority being between 45-60 years old and living in urban areas. Egypt’s Urban Population growth will be higher than rural growth.
Key factors in the growth of Egypt are increasing tourism, decent exports, stable and business friendly government and young workforce. Developments in the transports and logistics sector will also impact the Egypt’s economic condition.
Egypt market is badly affected by political unrest, high Debt to GDP ratio (above 87%) and inflation (high).
The study identifies the situation of Egypt and predicts the growth of its Key Sectors. Report talks about growth, market trends, progress, challenges, opportunities, government regulations, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Key Sectors sector of Egypt.
In addition to it, the report also talks about economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. Lastly, the report is segmented by various forms of Key Sectors available in the country.
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