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  Egypt
HOME >> COUNTRY REPORTS >> Egypt
egypt map
Official name Arab Republic of Egypt
Capital  Cairo
Population  80,335,036
Currency  Egyptian pound(EGP)
Official language   Arabic
GDP  $4,200
egypt lines

  STRENGTHS
  WEAKNESSES

The current president is committed to economic liberalism and creating a positive atmosphere conducive to foreign direct investment attraction

It is currently a tourism draw, it is seeing significant financial commitment from international vendors and the nation does have a government trying to do the right thing

Many of the earlier restrictive laws for foreigners have either been amended or removed

Until recently Property Registration fees where in the region of 12% of the property value although this has now been reduced to 3%.

Egypt has a number of fault lines and has suffered direct earthquakes, earth tremors and the after shocks of quakes in the region - it’s not a question of if Egypt will have another earthquake it’s a question of when

Big differences between the rich and the poor

Overpopulation has been a problem of the country for quite some time

Property registry in Egypt is out of date, incomplete

Many experts are predicting property price growth inEgypt in the region of 15% per annum for the foreseeable future

You can purchase a Red Sea beachfront apartment for as little as £30,000

 

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