Egypt’s economy is the most varied of the Middle East economies, where sectors of agriculture, industry, tourism, and services contribute at almost equal rates in the National Egyptian Economy.
The Egyptian economy is an outcome of successive stages that targeted comprehensive structural economic reforms, especially during the last 25 years, to move towards a market -oriented economy, to liberalise stock market and to encourage the private sector which contributes by more than 70 % in the Gross Domestic Product.
In the domain of economic foreign relations, Egypt moves towards trade liberalisation through its membership in World Trade Organisation, and participating in many regional and international economic groupings like the Egypt-Eu Partnership Agreement, the Agreement to Facilitate and Develop Inter-Arab Trade with a view to establish the Arab Common Market, the COMESA group, the African Union, the Agadir Agreement, the G-8 Islamic countries, and the G-15 developing countries, in addition to many bilateral free trade agreements.
As for investment, Egypt possesses many investment-attracting factors. These factors are: a strong infrastructure of transportation and communication, cheap energy sources, skilled manpower, eligible industrial cities, a strong and secure banking system, and an active stock market, in addition to a climate of political, legislation and economic stability.
The Arab Republic of Egypt is located in the north-eastern corner of Africa and south-western Asia, bordering the Mediterranean Sea, between Libya and the Gaza strip, and the Red Sea north of Sudan. Geographic coordinates: Latitude of Egypt: 2700 North of the Equator Longitude of Egypt: 30 00 East of Greenwich Area: The total area of the Arab Republic of Egypt reaches nearly 1.002.000 m², however, the populated area reaches 55367 km² representing 5.5% of the total area. Egypt's climate is influenced by many factors, the most important of which are the location, the landscape the general pressure system and the law-pressure areas. They all contributed to dividing Egypt into distinguished climatic regions. Egypt lies in the dry arid region except for the northern region which enjoys a Mediterranean climate. It is hot and dry in summer and moderate in winter with little rain which increases on the coast. Egypt has only two prominent seasons: a moderate winter from November to April, and a hot summer from May to October. Temperature average is between 9&24 in January, and between 21 and 42 in July and August
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Laws and Regulations
Investment attraction Legal Frame
Since the last decade of the twentieth century, the Egyptian government started enacting new laws aiming at attracting international, regional and domestic investments through facilitating the regulations and procedures which hinder production and investment resolutions. In this concern, the following laws were issued as a first step to attract the investment of the Egyptian private sector and international investment and financing corporations.
• Flexibility in choosing the field of investmentNO restrictions shall exist on the capital’s nationality as the Egyptian or Arab or Foreign Capital shall hold alone or share with any percentage in the investments in free zoon projects.
• Eliminating capital limits as the law granted the freedom of determining the volume of the invested capital for the owner of the project in the light of the project nature, volume and the estimated production capacity.
• Flexibility in choosing the project legal form (one-man business, private company, Stock Corporation, branch of foreign company).
• Flexibility in transferring projects, invested money and re export it.
• Flexibility in operating for others to exploit its excess capabilities.
• Flexibility in product price and profits determination.
• Facilities in residence are granted for foreign investors also residence licenses are granted for foreign personnel upon the project request.
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