Egypt as a Market

Recent reforms and improvements in collaboration with the IMF, along with significant investments from the UAE in Ras El-Hekma, are expected to boost economic growth, stabilize the economy, and reduce inflation in Egypt. However, regional geopolitical tensions in Gaza and the Red Sea may slow this progress, affecting key revenue sources such as tourism and the Suez Canal. In response, Egypt is taking an active diplomatic role to help stabilize these conflicts.

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. In 2024 Egypt and the EU mutually agreed to elevate their relationship to a strategic and comprehensive partnership. The agreement contains removal of trade barriers and tariffs, an increase in EU investment in Egypt to address international obligations, particularly those related to the EU and commitments about promoting political dialogs, fundamental freedoms, and human rights, gender equality and equal opportunities.

There are several key sectors that are experiencing great development at the moment, including the Food & Agriculture and the Health sectors. The Food & Agriculture sector currently contributes 12 % to Egypt’s GDP, with plans to increase this figure to 18 % by 2030. This present a favourable environment for implementing innovative and technical solutions. Similarly, the Health sector is experiencing an increased focus on enhancing digital transformation and infrastructure solutions to support Egypt’s growing population.  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.