This guide is aimed at those who are considering a visit to Egypt in order to buy products and conduct business. The guide is by no means comprehensive and whilst the information detailed in this report is correct at the time of input, we cannot be held liable for any inaccuracies or discrepancies.
Egypt has the second largest economy in the Arab world after Saudi Arabia, reaping continuous growth averaging at 4-5% over the last 25 years, with a GPD growth of 1.8%. In recent years Egypt has moved toward a more market-oriented and decentralised economy. Prior to this movement and the 1952 revolution, the state owned the majority of the economy and a considerable proportion of the funds were ploughed into the military. These days there has been an increase in foreign investment and trade with popular exports including; Petroleum and Natural gases, cotton and textiles and many foodstuffs. Farmland, fishing, food processing and the tourism industry which have become important industries for the stability of Egypt’s economy. Most of the countries land is occupied by desert, so almost all agricultural activity – is concentrated along the banks of the Nile, and on the river’s delta; unfortunately this constitutes only 3.5% of Egypt’s land. New cities are being built on deserts, with new irrigations methods in place with the hope to increase cultivatable land in these areas.