The Arab Republic of Egypt is located in Northern Africa, bordering Israel, Sudan, Libya, and the Mediterranean Sea. Egypt is in a strategic location controlling the Sinai Peninsula, the bridge connecting Africa and the Middle East, and the Suez Canal, connecting the Indian Ocean and the Mediterranean Sea. Egypt is about three times the size of New Mexico and covers an area of 1,001,450 sq. kilometers. The total population is 85.29 million and is growing at a rate of 1.88% with 43.4% living in urban areas. The capital of Cairo has a population of 16 million with the other main city being Alexandria (6 mil). The people are governed by a republic and are predominately Muslim. The primary language spoken is Arabic, with English and French also being spoken by educated classes. The local currency used is the Egyptian Pound.
Egypt’s economy has undergone many reforms in the past few years, such as lowering of taxes and privatizing industries, which have led to increased foreign investment, however the living conditions are still relatively poor. Egypt’s main trade partners are the US, Italy, China, Spain, Germany, Syria, Saudi Arabia, the UK, and Russia. Its primary imports are machinery and equipment, foodstuffs, chemicals, wood products, and fuels. Exports include crude oil and petroleum products, cotton, textiles, metal products, and chemicals. Egypt’s GDP (Purchasing Power Parity) is $537.8 billion and is growing at a real rate of 2% with an inflation rate of 8.5%. Egypt ranked 109th out of 185 countries in the World Bank Group’s Ease of Doing Business Ranking.
Click the links below for articles with more information on Franchising in Egypt
Doing Business in Egypt (2012)
* CPI Score is published by Transparency International and relates to the perceptions of the degree of corruption as seen by business people and country analysts and ranges between 100 (highly clean) and 0 (highly corrupt).
**Ease of Doing Business Ranking is determined by the World Bank Group and is ranked out of a possible 185 countries. www.doingbusiness.org
Most recent statistics have been taken from the CIA World Factbook unless noted otherwise.
International Franchising Opportunities
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