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Doing Business In Egypt

Doing Business In Egypt

The UK and Egypt have a long history of strong shared interests and in 2015 the total trade volume between the two countries totalled to £2 billion.

After a turbulent three years, significant investment into Egypt was reinforced at the high profile conference in Sharm El Sheikh in 2015, when a set of regulatory and institutional reforms were introduced alongside a series of investment opportunities in support of the government’s medium term development strategy.

Egypt’s core strengths include:

  • a young workforce
  • newly-extended Suez Canal is the hub for world maritime traffic
  • strategic geographical location – with proximity to Asian, African and Europe
  • third largest economy in Africa
  • a number of free trade agreements and arrangements
  • 18% of the 90 million population are under 25The Egyptian economy is highly import dependent and is likely to remain so for the foreseeable future.

UK exports to Egypt in 2014 totalled £1 billion. Opportunities for UK businesses in Egypt exist in:

  • Education & Training
  • Oil & Gas
  • Retail
  • Renewable Energy
  • Construction & Infrastructure
  • Food & Drink
  • Pharmaceuticals

World Trade @ 1 will be hosting a roundtable event (date to be confirmd) with the Secretary-General of the Egyptian-British Chamber of Commerce, who will be discussing Egypt as a trade and investment destination, market opportunities and the recent changes surrounding export documentation for UK companies. If you would like further details of this event and/or would like to attend, please email Lorraine Holt at l.holt@hull-humber-chamber.co.uk

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Clugston
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Associated British Ports
University of Hull
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Wilkin Chapman LLP