Reasons for starting business in Egypt in a particular sector :

In just a few years, Egypt has transformed itself from a

nation struggling with political and civil unrest into a rapidly growing economy
which is a hub for businesses across the Middle East and North Africa. There
are investment opportunities in a variety of sectors, attracting interest from
around the world.

Egypt’s GDP grew by 3.6% in 2020 and 3.3% in 2021, while the pace of growth
is expected to surpass 5% in 2022 and remain strong in the coming years. It
was one of the only economies in the world, along with China, that continued
growing during the Covid-19 pandemic.

Competitive factor costs: Egypt offers a large, cost-effective, skilled labour

force. Labour costs are low in Egypt, with minimum labour wages of $115,
compared to competitors like China, Cambodia, India, or Vietnam.

Shorter Lead Times: Egypt’s unique location and the well-built maritime & air
freight systems enabled it to be the link of Africa continent to the world.
Shipping time from Egypt to Europe is about (6 to 12 Days), to USA is (12 Days)
to Arab & Gulf Countries takes (2 to 4 Days) and shipments to North Africa
consumes (10 to 18 Days). With an approximate of 3 to 7 days for sample
production; Egypt offers the ideal, faster and reliable sourcing destination.

Proximity: Egypt offers shorter routes to the U.S. than Asian ports (12 days
compared to over a month). Egypt also provides easy access to markets in
Europe and Africa. Egypt is an intercontinental country, with multiple ports
and facilities giving it a strategic advantage for exports to the U.S. and the EU
(European Union).

Egypt also enjoys duty-free market access to the EU with a double

transformation rule of origin. With its fabric base and sourcing proximity to
Turkey, exports to the EU are likely to increase.

A Ready to Help Partner: More than 10 years ago, the ministry of trade &
industry has boosted the rule of the “Export Council” assigned it to facilitate,
support and provide information to all interested buyers and investors. EC
Egypt is the focal point between Textile industry stakeholders and oversees
partners.
synthetic filaments yarn – like polyester & acrylic – is gaining momentum in
the market especially for exports with a wide range of specs for both weaving
& knitting applications.
In addition, Egypt has witnessed continues growth of woven & knitted fabrics
production, mainly for apparel& home textiles industries.