When the Arab
Spring Revolution occurred in 2011, it was the end of President Hosni Mubarak’s nearly 30-year
rule. In July 2013, Egypt’s powerful military
overthrew the unpopular Morsi and outlawed his Muslim Brotherhood, branding the
decades-old Islamist movement a terrorist organization.
following year, the chief of the armed forces, Abdel Fatah al-Sissi, was
elected president and has overseen the harshest crackdown on dissent since the
republic was established by Gamal Abdel Nasser following the 1952 revolution
that ended Egypt’s monarchy, contributing to a more stable and safer government.
With foreign exchange now more readily available after the Central Bank
of Egypt (CBE) liberalized the exchange rate in November 2016, it permits to the 2017’s economic outlook to remain cautiously optimistic largely based
on the government’s ability to maintain the policy and structural reform agenda,
as well as successfully implementing the sustainable development strategy.
Moreover, assuming economic policy and structural reform implementation,
growth is expected to accelerate as confidence returns and investment
increases, although some domestic issues and global economic headwinds will
On another hand, the security situation in Egypt is unpredictable. There
is a significant risk of terrorist attacks throughout the country. Attacks are
not selective and can occur without warning, including in Cairo. While attacks
in the North Sinai are frequent and mainly target security forces, terrorists
have also targeted popular tourist destinations and other places frequented by
foreigners throughout the country, including in Cairo. Egypt, particularly Cairo and Eastern Sinai, is
located in an active seismic zone. The country is also subject to sand and dust
storms, which can become real issues, as the air conditions are from the worst
the world knows.
To be added to this, there are many social and society problems that are
still a real issue for Egypt. While there is a huge demographic problem, with
the population growing, the inequalities between rich and poor are increasing.
Moreover, 23.7 percent of Egypt’s populations above the age of 15 years are
?illiterate, with 30.9 percent female and 16.6 male, which confirms also the fact
that there are still huge gender inequalities.
In my opinion, within the next five years, the installment of your
company should not happen, even if there is a real interest in investing and
participating in Egypt economic growth, there are still many barriers that a
large companies could not bear to.