Egypt’s consumer market continues to have vast growth potential, backed by a growing middle class, youthful demographic and high household consumption.

However, the Egyptian consumer today is more discerning and seeks quality as well as sustainably-sourced products and services. This presents opportunities for Singapore companies to innovate and leverage our reputation for quality to gain a competitive advantage in Egypt.

The Egyptian government is focusing on infrastructure projects to spur economic growth, and welcomes foreign direct investment as a stimulus towards the country’s development.

To spur economic growth, Egypt has made infrastructure development a priority. In recent years, it has built new airports, ports and cities such as the New Administrative Capital.

Singapore’s expertise in project development, technical expertise, financing, and advisory services puts homegrown businesses at an advantage. Leverage Singapore's infrastructure ecosystem and explore working with other Singapore companies to address Egypt’s infrastructure needs.

Manufacturing remains a key driver of Egypt’s economy, with the government implementing reforms to attract foreign investment and raise productivity.

Going forward, Egypt plans to shift towards technology-intensive, higher-value-added manufacturing and build Industry 4.0 capabilities.

Investor confidence in Egypt is on the rise again, prompting luxury hotel chains to set up shop in the country. Upcoming developments are aimed at transforming the tourism sector and bringing more tourists back to Egypt.

The rebound in tourism in Egypt bodes well for Singapore businesses in the tourism and hospitality industry. Consider extending your service offerings to Egypt, be it through fly-cruise-stay packages, tailored travel itineraries, or tourist accommodation.

Egypt is actively developing its offshore gas resources through appointing integrated oil companies (IOCs) in production sharing contracts. ENI’s giant Zohr field is now in production and new exploration activity is happening abundantly. Egypt has liquefaction facilities for the production of Liquefied Natural Gas (LNG) which it even offers as a service to neighbouring countries.

Egypt also has high potential to be a major hub of clean energy and green hydrogen or ammonia in the region due to the abundance of sunshine and investor friendly policies such as the Golden Licence scheme.