Egypt’s key strengths for investment attraction
is a large and growing internal consumer market; growing regional and international demand for Egyptian exports; the availability of large quantities of raw materials such as oil, natural gas, cotton, agriculture, limestone, shale, and gypsum; and a strategic position along the Red Sea for participating in East-West trade through the Suez Canal. In terms of operating costs, Egypt offers very competitive prices for unskilled and skilled labor for labor-intensive assembly and processing operations. Land purchase prices are competitive regionally with affordable electricity and water costs being major selling points for investors.Strategic Location
Egypt’s strategic geographic location on the Red sea & the Mediterranean makes it the ideal spot providing access to the key Global markets in the MENA region & Africa, Asia, and Europe. Linked to the international Ocean Trade routes to the USA, Canada & South America.
Egypt enjoys the existence of the Suez Canal, which is considered to be the shortest link between the east and the west due to its unique geographic location.Large Consumer Market
Egypt is considered the second-highest Gross Domestic Product at Purchasing Power Parity among African countries (1,292.745 million International dollars) so it has emerged as a consumer market of significant importance in the region, as witnessed by the arrival of dozens of investing global brands and the sharp expansion of retail sales in the past years also it is the most populated country in Africa and the Middle East. Egypt was over 99 million people according to population local statistics in 2018 and growing rate of 2.38%.
Large Pool of skilled Labour
Egypt is one of the largest acquiring and exporting skilled labor in the region that includes accountants, lawyers, and specialists in information and communications technology, engineers, technicians and designers, so a new industrial training program has been prepared to train workers to cover about 500,000 new jobs in the field of manufacturing to work in economic zone companies with competitive costs.State of the Art Infrastructure
Egypt has a world-class infrastructure base through a number of mega projects to support the business attraction unit to date Statistics indicate that the total investments of roads and bridges that have been completed and are still under construction during the period from 2014 to 2019 investing around 52 billion pounds in addition to the new Suez Canal tunnels, which considered a vital artery to link Sinai to the heart of Egypt, also the country's commercial ports and air cargo airports in Egypt are expanding and improving to both passengers and freight traffic. New desalination stations supported with pipe line network are constructed along edges of many coastal cities in order to serve industrial and residential zones. Also Natural gas network and Mobile (cellular) phone networks Covers every spot all over Egypt.
Access Possibility
Egypt has access to large market in the Middle East, and that’s support the Egyptian producers whom promote their products in the market.
Egypt has a strategic location on the Mediterranean Sea, Sudan is bounded on the south, Palestine and the Red Sea on the east, and Libya on the west which support the Economic co-operation between Egypt and the neighboring countries in Petroleum field to rehabilitate the energy industry facilities in addition to many various fields.
The Suez Canal is one of the most important commercial and waterways, as this channel provides a path through which traders can transport and ship goods freely between the countries of Asia, Europe, Africa, the Far East, and the Middle East, and more easily than the rest Roads that were previously approved, as transporting goods between these countries required the passage of ships all over Africa, specifically the southern parts of it.
Availability of Raw Material
Egypt is well-positioned to take advantage of the shift from oil to natural gas, Egypt possesses a group of gas fields in the Mediterranean region, on top of which is the giant zohr field, the western Nile Delta and the Atoll gas field, which is located in the north Damietta in the deep waters of the Mediterranean Sea. Petroleum total reserves reach 1162,000 metric tons. South Sinai is considered one of the most important oil producing sites "Abu Rudeis and Ras Sidr in addition to marine sites in the Gulf of Suez", where it alone produces about a third of Egypt's oil production.
The glass sand is a treasure trove of mineral resources that are available in Sinai in large quantities, Black sand is present at 4.1 million tons also gypsum rocks is considered one of the medical types when compared to other local and international sites and has many types. There are in the area of Ras Malaab and Abu Zenima currently two factories to exploit gypsum. Also Feldspar of sodium type is found in very large quantities in Wadi Al-Tur and is used in the manufacture of ceramics and glazing of products. The sodium investing reserve is estimated at about 26 million tons.New Investments
Egypt was among the top ten in the whole continent doing Business in the last 4 years till 2019 statistics. The foreign direct investments increased during the last financial year that ended on June 30, 2017, by more than 14% over the previous fiscal year that among the countries investing in Egypt, 21 countries increased their investment volume by "Cairo", including 8 countries, the size of the increase in its projects and financial flows exceeded 100%.Diversified Economy
Egypt’s economy is among the most diverse in the Middle East and North Africa, Economic growth has been robust, averaging 5.3 percent for year 2017 and 2018; driven by an expansion in the gas extractives, tourism, and manufacturing, construction and ICT sectors. Also it has been announced that the rate of inflation decreased on an annual basis during the month of October 2019 to the lowest level in 9 years, recording 2.4% compared to the same period in 2018.Competitive Costs
MDC is dealing with usufruct rights system to reduce the land initial cost but to pay in equal annual rents to support developers and investors financial situation during the construction and operation phases. SCZone provides competitive corporate tax rates.as well as Diesel, Electricity, & Water costs are low compared to bench-marked locations. Lowering costs associated with labor, facilities, and utilities, input, and logistics costs provides investors with the key to gaining competitive advantages.