Culture eGuide | Egypt
Direct Foreign Investment is growing in Egypt!
With more than 81 million people, Egypt is one of the most populous countries in Africa and the Middle East. Egypt is bordered by the Mediterranean Sea to the north, the Gaza Strip and Israel to the northeast, the Red Sea to the east, Sudan and Libya to the south. It is a major economic, political and religious leader in Africa, the Mediterranean Basin, the Middle East and the Muslim world.
Egypt’s culture can be defined by the many ethnic groups that live within its borders. Egyptians represent 91 % of the total population, and other ethnic minorities include the Abazas, Turks, Greeks, Bedouin Arab tribes and the Berber-speaking Siwis (Amazigh) amongst others. Furthermore, foreigners must respect Muslim religious holidays and schedule meetings around Ramadan and the last few days of the Hajj season. Building personal relationships is essential to succeeding in business relations in Egypt.
Egypt has a diverse economy ranging from agriculture, media, petroleum exports, exports of natural gas, and tourism. With GDP of $ 515.4 billion US, Egypt’s economy ranks 27th in the world. There are many business opportunities for foreign-owned companies as direct foreign investment exceeded $ 6 billion US in 2006 due to aggressive economic reforms. Its highly urbanized (43 %) and relatively young (32.7 % under the age of 14) population bode well for this emerging country.
If you are planning to do business in the Arab world, you won’t want to pass up on the opportunity of learning about the cultural trend-setter of the Arabic-speaking world in our Egypt Social and Business Culture Guide that will help you get up to speed as quickly as possible.
Take advantage of this no obligation offer and learn about the soft skills that will increase your chances of success including: Other interesting information that you will find in our country business guide includes:
Take advantage of this no obligation offer and learn about the soft skills that will increase your chances of success including:[icon name=icon-check-sign]Religious significance in cross cultural communications [icon name=icon-check-sign]The importance of preserving dignity in negotiations [icon name=icon-check-sign]The importance of using titles
Other interesting information that you will find in our country business guide includes:[icon name=icon-check-sign]Economic growth trends [icon name=icon-check-sign]Economic sectors of interest for foreigners [icon name=icon-check-sign]Business success stories