At the turn of this decade, Egypt chose to liberalize its economy and enable its private sector to take the lead in generating growth and employment. Major strides have been taken to revamp conditions for entry, operations and exit for business by completely dismantling bureaucratic barriers and streamlining procedures. The completion of the remaining measures aimed at further streamlining the regulatory environment, will make the Egyptian economy one of the most open and internationally integrated markets in the region. Egypt has been the center of trade and enterprise in the Middle East for centuries, and its location between the continents of Africa and Asia remains the crossroads between the East and the West. With a population of over 68 million, Egypt has the largest single market in the region. It is rich in human resources, its businessmen are experienced in the markets of its neighbor countries, and it possesses a good mix of semi-skilled, skilled and highly qualified labour force. Egypt's recent global integration offers rewarding gains in economies of scale for both industrial and trading businesses. By setting up an office or investing in Egypt, a business can profit from the growing domestic market, of the Arab countries and the modernizing African countries, and expand on the existing trade links with the European Community and the United States. Local and international information technology firms capitalize on the growing pool of educated young Egyptians that are readily skilled in data entry, systems programming and other information technology related processes. Several international designers of software are running Egyptian-based offices to arabize their applications; allowing them to tap the expanding Arabic-speaking Middle Eastern automation market. Others have trained Egyptian engineers and are employing them in the development of prototypes for food, pharmaceutical or electronic products. The Egyptian Government and the domestic private sector are now actively seeking more foreign direct investment and partnerships. One central theme to the recent policy reforms, is maximizing the benefits of free trade and investment. Foreign investment is most certainly invited and is guaranteed equal treatment and even competition with domestic investment. Click here to open Site Map For more information contact webmaster All rights reserved. © Copyright 1997-2005.