The Business Year

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PUBLISHED October 2023



Egypt’s economy has come under severe pressure over the last year, with the Egyptian pound tumbling, foreign currency drying up, and inflation soaring. Since March 2022, Egypt’s pound has depreciated by nearly 50% against the dollar. An acute dollar shortage has suppressed imports and caused a backlog of goods at ports, with a knock-on effect on local industry.

Nonetheless, Egypt has the chance to build an export-led economy that makes it a magnet for foreign direct investment. Fueled by a population exceeding 100 million, which presents an alluring and substantial market, Egypt boasts the second-largest economy in Africa. Situated at the crossroads of the Arabian Peninsula and Africa and the Mediterranean and the Red Sea, the former domain of the pharaohs holds a pivotal position for both the Middle East and Africa. Additionally, the Suez Canal further elevates its significance as a global trade route, and the nation’s economy exhibits diversity, bolstered by the pivotal role of small and micro-enterprises.

With all this in mind, this 112-page publication sets out to shine a spotlight on the Egyptian economic landscape and analyzes how different actors of the economy are navigating the current economic woes, examining topics including digital transformation, construction and real estate, energy solutions, and more. It features interviews with dozens of public- and private-sector leaders and is a key handbook for anyone looking to invest in Egypt.


Here is just a selection of interviews included:


  • Hossam Heiba, President, General Authority for Investment Authority (GAFI)
  • Amr El Batrik, CEO, Orascom Industrial Parks
  • Ahmed El Sewedy, President & CEO, Elsewedy Electric S.A.E (EE)
  • Mohamed Maait, Minister of Finance
  • Ragia El Fiky, Senator, Education and Information Technology Committee
  • Urs Moll, Country Head-Egypt, DP World
  • Amr El Kady, Chairman, Tourism Promotion Authority


The publication also features a range of articles and analysis, including:


  • Megaprojects
  • Green hydrogen
  • Insurance
  • Egypt as a global digital and high-end services hub
  • Rail infrastructure
  • New tourism strategy



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