About Egypt
Renowned globally for its historic Ancient Egyptian landmarks like the breathtaking Great Pyramids in Giza and the Valley of the Kings in Luxor, Egypt is equally celebrated for its welcoming and diverse culture. Furthermore, Egypt holds a pivotal political and economic position. Geographically situated at the crossroads of Africa and Asia, Egypt has historically played a crucial role in trade networks, particularly with the Suez Canal serving as one of the world's busiest trade routes, connecting Asia to the Americas and Europe.
Egypt, boasting one of the largest populations in the Arab World, is emerging as one of the most rapidly expanding real estate markets in the region. Numerous developers are capitalizing on the growth of new urban centers in and around Cairo, as well as coastal cities. Egypt is also strategically planning to substantially enhance its exports and open its market to fresh investors and industries. In contrast to many Gulf Cooperation Council (GCC) nations, Egypt's climate is far more conducive to agriculture and outdoor ventures, given its exceptionally fertile farmland, enabling the production of cotton and fabrics for global exports.
Egypt holds strong appeal for foreign investors and workers due to its lack of a sponsorship regime. This unique feature allows foreigners to enjoy the freedom of not being tethered to their employers, granting them flexibility to switch jobs or travel in and out of the country at their convenience. Additionally, Egypt's legal environment offers greater flexibility for the repatriation of funds. Recent regulatory changes have further emphasized on a series of guarantees designed to safeguard against property or fund expropriation.
Where is Egypt located?Egypt is located in northeastern Africa and has a small portion of its territory in southwestern Asia. It is a transcontinental country, as it spans the northeastern corner of Africa and the southwestern corner of Asia.
What is the approximate population of Egypt?The approximate population of Egypt is 110 million.
What are some major cities in Egypt?
Cairo: This is the capital and largest city of Egypt, with a population of over 20 million people in its metropolitan area.
Alexandria: This is the second-largest city and a major support as well as an economic and cultural hub in Egypt, with a population of over 5 million people.
New Administrative Capital: This is planned to be Egypt's new capital and has been under construction since 2015.
Suez: This is a seaport city and the gateway to the Suez Canal, which connects the Mediterranean Sea and the Red Sea.
Port Said: This is another seaport city and a trade zone at the northern entrance of the Suez Canal.
Could you provide a brief historical context of Egypt?Egypt, officially the Arab Republic of Egypt, has a recorded history that dates from approximately 3200 BC. Egypt has undergone several political and economic transformations in its long history. Egypt is focusing on restoring economic stability and growth, as well as attracting foreign investment, through various reforms and mega projects.
How would you describe Egypt’s current political and economic landscape?Egypt has seen turbulent times in recent years, that is a fact that cannot be denied. However, this turbulence disturbed a dysfunctional status quo and allowed for a rebirth that has resulted in Egypt becoming one of the world’s largest and most successful emerging markets.
Egypt's rich history and landmarks attract global attention, and it spans millennia, with significant events shaping its modern trajectory from the 19th to the 21st century. In the ancient era, Egypt witnessed the unification of Upper and Lower Egypt around 3000 BCE, flourishing trade, and the construction of the iconic pyramids. Alexandria, situated on the Mediterranean coast, holds historical importance, and features the Bibliotheca Alexandrina, a modern library dedicated to knowledge. Luxor, known for its temples and ancient artifacts, is a key city in Upper Egypt.
In addition to the landmarks the country boasts some of the earliest advances in writing, agriculture, urbanisation, organised religion, and central government.
With its vast history and it being considered the cradle of civilisation, and its unique geographical positing being transcontinental, Egypt is today considered to be a regional powerhouse in the Middle East and north Africa region.
Egypt's Vision 2030 was launched in 2016 and harnesses the country’s long term strategic plan that aims to achieve sustainable development across all its industries. The vision is built on the principles of "inclusive sustainable development" and "balanced regional development", more specifically the vision has a focus on the economic dimension, the social dimension, and the environmental dimension.
Egyptian culture is deeply rooted in its ancient heritage and is characterized by rich traditions and strong family values. The society places a strong emphasis on kinship, where the family is considered the most significant unit. Honour is a fundamental aspect of interpersonal relationships, dictating respect and esteem for others, and hospitality is an essential way of demonstrating respect.
The Egyptian people are known for their warm hospitality and generosity, treating strangers as family members, and welcoming them with open arms. This culture is founded on principles of honour, respect, and compassion, creating an inviting and vibrant atmosphere in this global hub for tourism and business.
The Egyptian economy is driven by several key industries and sectors that play vital roles in its growth and development. Agriculture is significant and the country's diverse agricultural seasons include winter, summer, and the Nile season, with permanent and annual crops like sugar cane, fruit crops, and timber contributing to the sector.
The communication and information technology sector has become a global outsourcing destination, and Egypt's telecommunications and information technology sector has also made advancements.
Egypt aims to become a regional energy hub and recent advancements include the inauguration of large power plants and the establishment of the Benban Solar Park, set to be the world's largest upon completion, highlighting Egypt's commitment to renewable energy.
The industrial sector is a cornerstone of the Egyptian economy, contributing to growth, exports, and employment. Industries like food processing, textiles, leather, furniture, pharmaceuticals, and automotive and auto components play key roles in job creation and GDP. Notably, textile and apparel exports form a significant portion of Egypt's exports, and the industry employs a substantial portion of the manufacturing workforce.
