About Egypt
Egypt is an attractive destination for immigration due to its rich cultural heritage, historical landmarks, and affordable cost of living. Renowned for its ancient civilisations, the country offers a diverse lifestyle, blending ancient traditions with modern urban experiences, especially in cities like Cairo and Alexandria. Additionally, Egypt’s strategic location as a hub between Africa, Asia, and Europe provides business and employment opportunities. Warm climate and hospitality further enhance its appeal.
Egypt Overview
Egypt, often regarded as the cradle of modern civilization, was home to early advancements in writing, agriculture, urbanization, organized religion, and governance. With a history spanning over 6,000 years, it hosts seven UNESCO World Heritage sites, including the iconic Great Pyramids of Giza and Ancient Thebes. Its renowned archaeological landmarks, such as the Great Sphinx, contribute to a thriving tourism sector. Egypt’s strategic location between Africa and Asia supports its position as a major global trade hub and investment gateway. Surrounded by nations like Libya, Sudan, Israel, and Saudi Arabia, and with access to Europe via the Mediterranean, Egypt’s influence in regional trade is significant. To boost global integration, the government has made English education mandatory in schools making the transition to their new host country smoother for prospective migrants.
Economy and Trade Overview
Cairo, Egypt’s capital and the largest urban center in Africa, is a key communication hub for global air routes. According to the Africa Wealth Report 2023, it is the second-wealthiest city in Africa and hosts the highest number of resident billionaires on the continent. The Suez Canal, owned by the Egyptian government, is a crucial connection between the Mediterranean and Red Seas, serving as a gateway for importing goods from Asia. Agriculture is a cornerstone of Egypt’s economy, followed by manufacturing, energy, and services.
The 2004 EU–Egypt Association Agreement promotes free trade, enhancing investment opportunities between the two parties. Additionally, Egypt’s macroeconomic reforms, implemented through a USD 12 billion International Monetary Fund program from 2016 to 2019, positioned the country as one of the fastest-growing emerging markets before the pandemic. Supported by the World Bank, Egypt’s ‘Vision 2030’ initiative seeks to drive investment in areas such as the knowledge economy, digital transformation, innovation, small and medium enterprises, and entrepreneurship.
