Egypt Business Profile

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Egypt Business Profile EGYPT BUSINESS PROFILE Country official Name Arab Republic of Egypt Area 1,001,450 km² Population 100,388,073 inhabitants in 2019 Time GMT+2 Capital Cairo Currency Egyptian Pound (EGP) 1US $ = 16 EGP Language Arabic & English Major Cities Alexandria, Giza, Shubra El-Kheima, Port Said OIC Member State Date 1969 Egypt bilateral investment treaties within Azerbaijan, Cameroon, Nigeria, Pakistan, Qatar, Mozambique, Djibouti, Palestine, Chad, Mali, OIC Member States Guinea, Senegal, Niger, Gabon, Bahrain, Syria, Malaysia, Algeria, Turkey, Jordan, Lebanon, Uganda, Turkmenistan, Comoros, Albania, Kazakhstan, Uzbekistan, Libya, Tunisia, Iran. TPS/OIC and Protocols (PRETAS and Rules PRETAS signed and not ratified, Rules of Origin not signed of Origin) WTO Member Since June 1995 Regional and bilateral trade Agreements Agadir agreement, Pan-Arab Free Trade Area (PAFTA), COMESA, African Continental Free Trade Area (AfCFTA), Lebanon, Morocco, Tunisia, Libya, Jordan, Iraq, TURKEY, EFTA (Iceland, Liechtenstein, Norway, Swiss), European Union. GDP growth (annual %) 5.55% in 2019. Economic Sectors Agriculture, Industry, Energy, Natural Gas, Services and Tourism. 04 free economic zones 2019 World Exports USD 30.633 Billions World Imports USD 78.657 Billions Market Size USD 109.290 Billions Intra-OIC Exports USD 13.109 Billions Intra-OIC Exports share 42.79 % Top OIC Customers UAE, Turkey, Saudi Arabia, Jordan, Libya, Tunisia, Morocco, Algeria, Soudan, Lebanon Mineral fuels, mineral oils and products of their distillation; bituminous substances; natural or Major Intra-OIC exported products cultured pearls, precious or semi-precious stones, precious metals, metals clad; Plastics and articles thereof; Electrical machinery and equipment and parts thereof; sound recorders and reproducers; Edible fruit and nuts; peel of citrus fruit … Intra-OIC Imports USD 17.177 Billions Intra-OIC Imports share 21.84 % Top OIC Suppliers Saudi Arabia, Turkey, Kuwait, UAE, Indonesia, Malaysia, Algeria, Bahrain, Oman, Soudan Mineral fuels, mineral oils and products of their distillation; bituminous substances; Plastics and articles thereof; Animal or vegetable fats and oils and their cleavage products; prepared edible fats; Major Intra-OIC Imported Products Iron and steel; Vehicles other than railway or tramway rolling stock, and parts and accessories thereof; Machinery, mechanical appliances, nuclear reactors, boilers; parts thereof; Aluminium and articles thereof. Intra-OIC Trade Volume USD 30.286 Billions Intra-OIC Trade Share 32.32% www.fedcoc.org.eg http://www.customs.gov.eg/ Useful links and sources https://www.investinegypt.gov.eg/Arabic/Pages/default.aspx www.mfti.gov.eg / www.ministere-finances.dj http://www.expoegypt.gov.eg Egypt’s Export Potential Products See graph below.
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