While Egypt’s economy was significantly weakened from the 2011 revolution, the country’s political and economic environments have gradually recovered, with support from the International Monetary Fund (IMF) loan agreement in 2019. But the impact of COVID-19 hit the country hard, collapsing the travel and tourism sectors. Challenges were exacerbated by the decline of shipments through the Suez Canal, which hit the country’s foreign exchange earnings. Overall, the business in Egypt remains challenging, although the country’s population is the largest in North Africa and the Arab world. With a highly diversified economy, projects exist in key sectors.
- Mining & Metals
- Oil and Gas