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In 1952 Egypt’s private sector accounted for 76 percent of economic investment. Following the nationalization plans carried out by President Gamal Abdel Nasser in the effort to build a post-independence socialist state, this percentage drastically shifted within a few decades to government investment accounting for over 80 percent of economic investment. [1]
Infitah ended the domination of Egypt's economy by the public sector and encouraged both domestic and foreign investment in the private sector. Infitah was later adopted by other countries in the 1970s and 1980s. The Egyptian Army crossed the Suez canal in the October 1973 Yom Kippur War.
fDi Intelligence is an English-language bi-monthly news and foreign direct investment (FDI) publication, providing an up-to-date review of global investment activity. The A4 glossy pages reach a circulation of 15,488 ABC audited, [ 3 ] active corporate and crossborder investment professionals across the world.
The liberalization of Egypt’s telecommunications sector began in 1998, gradually expanding private sector involvement in mobile telephony and internet services. In 2004, the Information Technology Industry Development Agency (ITIDA) was established under Law 15 to drive Egypt’s digital transformation, implement e-signature legislation, and ...
[6] [7] Egypt's debt service from debt installments and interest amounted to about US$42.3 billion during 2024, its highest bill ever required to be paid in a single year, after external debt jumped to about US$165 billion and cash reserves did not exceed US$35.2 billion. [3] During the period from 2014 to 2024, Egypt's total external debt doubled.
Location of Egypt. Egypt is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula.Egypt's economy depends mainly on agriculture, media, petroleum imports, natural gas, and tourism; there are also more than three million Egyptians working abroad, mainly in Saudi Arabia, the Persian Gulf and Europe.
This unification was intended to foster Egypt's financial sector. [1] Establishing the new authority is part of at a series of reforms aimed to strengthen the stability and security of the non-banking financial sector in Egypt and its interoperability with the banking sector.
The Egyptian Electricity Holding Company is a state-owned company for electrical power generation, transmission and distribution in Egypt. [1] It was established in 2000 and works in the field of production, transmission and distribution of electricity in Egypt. [2]