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The Egyptian Market

The Egyptian market is a profoundly dynamic market place. It boasts unique features that make it a most attractive market for world class business ventures. Egypt's multi dimensional and significantly vibrant political scene in addition to its regional political leadership, powerful relationships and ties with the international community and strategic geographical location grants it a lucrative edge for business practices. The economic scene in Egypt has most recently witnessed radically admirable transformation that has concluded a most attractive business environment. The Egyptian economy has witnessed solid structural reform stemming across economic monetary and fiscal policies including the reduction of import custom duties and tariffs, revision and rebuilding of the individual income and corporate taxation systems, dismantling of bureaucratic trade barriers and restrictions, and proper encouragement of the development of local industries to name a few.
The financial sector in specific is being revolutionized with the muscles of the Ministry of Finance and the Central Bank of Egypt to catapult the banking sector entailing a series of local and foreign mergers and acquisitions.

 

The Cairo and Alexandria Stock Exchange (CASE) also witnessed growth patterns as a result of the instilled trust in the "new and improved" Egyptian economy and its efficient actors and agents. The newly established Ministry of Investment also continues to play a key strategic role in the privatization of mismanaged government corporations, under their "Asset Management Program" of managing state owned assets, as well as attracting foreign investments, which ever since have poured in immeasurably, spinning the gears of the economy to growth. Policy measures that invite global business practices in Egypt have drawn significant attention to the national economy which has become temptingly "open for business". Nevertheless, reform did not only stop at the economic dimension. All key areas across the nation including enhancement and improvement of education, social welfare, agricultural policies, the health system, transportation network, basic infrastructure and civil services to name a few.

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