Egypt Investment Opportunities
New Government laws to favor economic reform have led the country to a 7.0% GDP growth in 2008. The low cost of doing business, coupled with a skilled labor force puts Egypt at the forefront of emerging markets in the Middle East.
The Information Technology is certainly an ever expanding sector. Programmers cost typically 4-10 USD per hour. In 2008, there were 12.4 Million internet users in Egypt. 15% of all households have an internet connection, 74% of which use a high speed DSL connection. In 2002, the government implemented the Intellectual Property Law, and in 2003 the Electronic Signature Law was put into action. The Information Technology Industry Development Agency (ITIDA) and the Ministry of Telecommunications and Information Technology can provide you with more information regarding investing in the IT sector.
The construction and real estate development has been one of the biggest to attract Direct Foreign Investors. There has been numerous large construction projects in areas such as the Northern Coast, Hurghada, New Cairo and Sharm El Sheikh. It might be worth visiting the Ministry of Investment’s Web Site to obtain more information.
For foreign investors and local entrepreneurs looking for guidance on the legal efforts needed to start a new business, the General Authority for Investments and Free Zones has implemented a program to greatly reduce the efforts needed.
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