ACADEMIC PRESENTATION II

Egypt

Egypt, country located in the northeastern corner of Africa. has a natural strategic advantage due to its location at the crossroads of Europe, Africa and Asia. The country lies between two major bodies of water: the Mediterranean Sea, which provides a route to Europe and North America, and the Red Sea, which continues on to the Indian Ocean.

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Location on map

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Egypt’s official currency is the Egyptian pound (EGP).1 GBP = 20 EGPCash is king in Egypt and many local restaurants, shops, and tour operators will not have card facilities.

Currency

The Gross Domestic Product (GDP) in Egypt was worth 477 billion US dollars in 2022.

GDP

Egypt HDI in 2021 was 0.73 and it was ranked 96th among all countries. The percentage change compared to 2020 was -0.41.

HDI

The Gross Domestic Product per capita in Egypt was last recorded at 4088.90 US dollars in 2022. The GDP per Capita in Egypt is equivalent to 32 percent of the world's average.

GDP per capita

Egypt gdp growth rate for 2022 was 6.59%, a 3.3% increase from 2021. Egypt gdp growth rate for 2021 was 3.29%, a 0.26% decline from 2020.

GDP growth rate

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Egypt sets the national poverty line at an annual per capita expenditure level of EGP 8,800 (approximately $564)1. The poverty line stood at EGP 482 (about $54) per month as of 20212. The ‘money metric’ measure of poverty is used, where households are considered poor if they cannot afford to consume minimum acceptable basic needs

Poverty measures

Commercial International Bank (CIB)

Alexandria Container & Cargo Handling Companyr

Al Ezz Dekheila Steel Co. – Alexandria (EZDK)

Egyptian Satellites (Nilesat)

Egypt Kuwait Holding (EKH)

Ezz Steel

Despite economic turmoil, Egypt’s listed companies have continued to perform over the last year, with the financial, industrial, and real estate sector leading growth.

MNC activities

Egypt is a country that trades mainly in oil and other mineral products, chemicals, agricultural products, and services. Its major trading partners include China, the United States, Italy, Germany, and the Gulf Arab countries. The value of imports into Egypt is usually equal to about one-third and exports about one-tenth of the GDP.

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Trading

The median age in Egypt is 24.2 years (2023)

Age rate

Population growth rate in 2023 was 1.56%.

Population growth

Egypt's total foreign direct investment (FDI) inflow was 6.7 billion U.S. dollars in the first quarter of 2022/2023..

FDI

Country's opportunities

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