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Egypt as a Market

The Egyptian government has been implementing a series of transformational reforms, which, along with the gradual restoration of confidence and stability, are starting to yield positive results.

Egypt has made significant and multifaceted efforts to grow its economy by both attracting foreign investments for a wide range of economic activities as well as developing its export capabilities. The economic reform program has shown promising results according to the IMF. 

On a regional level, Egypt has shown their relative stability in their economy, as they are the only country in the MENA region that has experienced a positive GDP growth from 2020 according to IMF.

There are several key sectors that are experiencing great development at the moment, including the Food & Agriculture and the Health sectors. There have been accelerated advancements in the health-tech sub sector as well, mainly due to the challenges presented during the COVID-19 pandemic. There is an increased focus on enhancing the ICT sector as well. As a part of Egypt's 2030 development plan, there is also substantial goals within the Energy sector, which has increased the development and focus on the renewables market from both a private and public sector perspective.

If you want to get a more detailed overview of the Egyptian market and the trade relation between Denmark and Egypt, you can click the link to read the economic country note on Egypt.