Is Egypt open for business or is foreign investment scuppered?

Aug 10, 2022 | Africa, Announcements, Countries, Egypt, Financing, Home Page, Markets, Power, Sectors, Snippets

Egypt is most certainly open for foreign investment. As part of the country’s attempts to boost foreign investment, the Egyptian government recently announced that it has granted a special golden licence to foreign investments in specific industries.

Egypt is most certainly open for foreign investment. As part of the country’s attempts to boost foreign investment, the Egyptian government recently announced that it has granted a special golden licence to foreign investments in specific industries. Projects granted this golden licence include green hydrogen, electric cars, infrastructure, seawater desalination, and renewable energy projects. ABiQ tracks projects worth over $6.0 Trillion in UAE, Saudi Arabia, and 54 countries across Africa. ABiQ helps you can stay ahead of your competitors and grow your business.

Located in Africa’s northeastern region, Egypt is one of the continent’s most populated countries. Egypt is most certainly “open for business” and actively seeking foreign investment. 

Egypt’s investment climate is gaining momentum. The Egyptian government continues to make headway on economic reforms. Prior to the COVID-19 pandemic, Egypt was one of the top emerging markets with one of the fastest growth rates. Furthermore, Egypt was the only economy in the Middle East and North Africa to show positive economic growth in the year 2020.

Egypts policies towards foreign direct investment

The completion of Egypt’s three-year, $12 billion IMF Extended Fund Facility between 2016 and 2019, and the reform package helped stabilise Egypt’s macroeconomy. This helped restore investor confidence in Egypt . 

 

As part of the attempts to boost foreign investment, the Egyptian government recently announced that it has granted a special golden licence to foreign investments in specific industries. This licence is expected to speed the processes required before undertaking projects. The golden licence has been granted to several projects in a bid to attract foreign investments. Projects granted the licence include green hydrogen, electric cars, infrastructure and seawater desalination and renewable energy projects.

In recent years, the government of Egypt has announced various incentives to attract foreign investment, and the golden licence is one of them. Post-COVID 19, we expect foreign investment to thrive in Egypt.

At ABiQ, we provide validated data and trusted business intelligence covering Africa and the Middle East. We use our unique forecasting and project tracking tool to track projects worth over $6.0 Trillion in UAE, Saudi Arabia, and 54 countries across Africa so that you can stay ahead of your competitors and grow your business. Contact us today to book a free demo now or register to get free access to a light version of our platform. 

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