- Egypt aspires to become among the 30 strongest economies worldwide by 2030.
- Egypt is adopting a 2020 industrial development strategy which targets increasing the contribution of the sector to GDP from 17 to 21%.
- Egypt is one of the most populated countries in Africa and the Middle East with 94.8 million inhabitants in 2018 (projected to increase to 129 million by 2050).
- Egypt has a rather young population with 61% of inhabitants being under the age of 31, and 43% living in urban areas. This makes Egypt a highly attractive market with a significant affinity for spending on various consumer goods.
With a large consumer base, strategic geographic location, openness to regional markets governed by free trade agreements, as well as government incentives for investment and licensing promotion, Egypt’s industrial sector provides a rewarding business environment.