Egypt

Egypt

Officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia by a bridge formed by the Sinai Peninsula. Egypt is a Mediterranean country bordered by the Gaza Strip to the northeast, the Gulf of Aqaba to the east, the Red Sea to the east and south, Sudan to the south, and Libya to the west. Across the Gulf of Aqaba lies Jordan, and across from the Sinai Peninsula lies Saudi Arabia, although Jordan and Saudi Arabia do not share a land border with Egypt. It is the world’s only contiguous Afrasian nation.

Egypt has among the longest histories of any modern country, emerging as one of the world’s first nation states in the tenth millennium BC. Considered a cradle of civilization, Ancient Egypt experienced some of the earliest developments of writing, agriculture, urbanization, organized religion and central government. 

Iconic monuments such as the Giza Necropolis and its Great Sphinx, as well the ruins of Memphis, Thebes, Karnak, and the Valley of the Kings, reflect this legacy and remain a significant focus of archaeological study and popular interest worldwide. 

Egypt’s rich cultural heritage is an integral part of its national identity, which has endured, and at times assimilated, various foreign influences, including Greek, Persian, Roman, Arab, Ottoman, and European. One of the earliest centers of Christianity, Egypt was Islamized in the seventh century and remains a predominantly Muslim country, albeit with a significant Christian minority.

Egypt Map

Modern Egypt

Considered to be a regional and middle power, with significant cultural, political, and military influence in North Africa, the Middle East and the Muslim world. Egypt’s economy is one of the largest and most diversified in the Middle East, and is projected to become one of the largest in the 21st century. Egypt is a member of the United Nations, Non-Aligned Movement, Arab League, African Union, and Organization of Islamic Cooperation.

With over 90 million inhabitants, Egypt is the most populous country in North Africa and the Arab world, the third-most populous in Africa (after Nigeria and Ethiopia), and the fifteenth-most populous in the world. The great majority of its people live near the banks of the Nile River, an area of about 40,000 square kilometers (15,000 sq. mi), where the only arable land is found.

The large regions of the Sahara desert, which constitute most of Egypt’s territory, are sparsely inhabited. About half of Egypt’s residents live in urban areas, with most spread across the densely populated centers of greater Cairo, Alexandria and other major cities in the Nile Delta.

Why Egypt

Egypt has access to large key markets through various multilateral and bilateral trade agreements with the USA, European, Middle Eastern and African countries; which secures benefits to Egyptian-based producers supplying these markets.

Foreign Direct Investment in Egypt increased by 3156.10 $ Million in the fourth quarter of 2015. Foreign Direct Investment in Egypt averaged 2309.81 $ Million from 2002 until 2015, reaching an all-time high of 5572.50 $ Million in the fourth quarter of 2007 and a record low of 40.70 $ Million in the second quarter of 2002

The Egyptian Economy’s resilience is capable of overcoming its economic challenges as it did in the 2008 financial crisis, and long-term investors will see many opportunities.

Egypt has started its transformation to a stable, democratic and modern economy, where the dividends of growth and prosperity will be shared by all who participated in its achievement.

Egypt has emerged as a consumer market of significant importance in the region, as witnessed by the arrival of dozens of global brands and the sharp expansion of retail sales in the past two years.

This is partly due to the sheer size of Egypt’s population that put it as the most populated country in Africa and the Middle East,  The fact that 50% of Egyptian are between the ages 15-44 has also impacted spending and investment trends. 

Egypt boasts a world class infrastructure base. Three independent mobile (cellular) phone networks cover nearly 100% of the country’s inhabited land.  Wire line broadband is readily available in urban centers. The country’s 15 commercial ports serve the nation’s exporters and importers alike, while an expanding, upgrading airport network caters to both passengers and cargo traffic, Egypt’s Air Cargo Airport, currently has three cargo terminals, dealing with textiles, vegetables and many industrial products.

Also the country has a well-established network of railways and roads. The road network has reached 108,784 KM, Railway network 9,570 KM and 20 Airports. Egypt also provides competitively prices and reliable supplies of power, water and gas. Egypt possesses an abundance in natural resources that can easily meet the needs of agricultural, industrial and mining activities.

Key global markets in Europe, the Middle East, Africa and the Indian Subcontinent are all readily accessible from Egypt. Closer to the European and North American markets than other major exporters including India, China and the Philippines, Egypt is also located on key international logistics routes.

Egypt enjoys the existence of the Suez Canal, which is considered to be the shortest link between the east and the west due to its unique geographic location. Approximately 8% of the world’s maritime shipping passes through the Suez Canal each year.

Vessels transiting through the canal from east to west or from west to east make significant savings in distance, time and operating costs.
Moreover, the maritime transport is the cheapest means of transport, with more than 80% of world trade volume transported via waterways (seaborne trade).

Egypt has recently adopted a bold and ambitious reform plan to ensure fiscal sustainability and solve macroeconomic imbalances with the objective of reducing economic risk and bolstering confidence among investors.

The reform plan aims at increasing tax base, streamlining spending on fuel and electricity subsidies, leveraging capital spending and allocating more resources to public services and social security.

Why 6th of October City

6th October City was established in 1979 by the 504th presidential decree of president Anwar El Sadat, 17 km from the great pyramids of Giza and 32 km from Cairo downtown, has a total area of 400 km² and is expected to have 3.7 million inhabitants.

6th October City has one of the largest industrial zones in Egypt on which the entire city is established, the industrial zone provides jobs for employees within the city as well as from other parts of Giza.

It’s accompanied by a banking sector that groups branches of all banks in Egypt in an area that is close to the industrial area to serve the needs of the industry and residents.

6th October City take a main role of the developing areas in Egypt and take a special treatment from the Egyptian government; it contain all the life facilities as;

Facilities

5 World-wide hotel chains

14 Universities & Institutes

4 International Schools / 45 Private Schools

15 Public Schools

8 Shopping Malls

10 Cinemas

9 Sporting Clubs

5 Police Stations

7 Private Hospitals / 2 Public Hospitals

A lot of residential compounds, Restaurants & all life style amentias

3 Fire-Fighting Stations