Economic Impact Of Egypt

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Egypt, is located on the northeastern part of Africa and it borders Sudan, Israel, and Libya. The landmark of this country is 997,739 sq. km. It has 82,056,378 in population as of the 2013 census. Sharm el-Sheikh, Luxor, Hurghada, and Alexandria are some of the major cities in Egypt. Its official language is Arabic with English being understood and spoken by people of higher education. The climatic conditions of Egypt is hot and dry with mid-winter because of its place in the Sahara Desert. Egypt is a Muslim dominated country; with Muslim dominating the population of (mostly Sunni) 90%, Coptic 9%, other Christian 1% (http://globaledge.msu.edu/countries/egypt). The Arab Republic of Egypt has a democratic political system that had governed …show more content…
The impact of increased petroleum exports has contributed to growth in other sectors of the economy and it has since reduced over dependency on one economic activity. Egypt’s infrastructure has improved in recent years to help movements of raw materials from mainland to sea ports. Transportation also play a big role in the development of regional trade. Thus, the lack of easy and affordable transportation will put trade growth to a standstill in some sector (http://www.businesstoday-eg.com/banking-finance/middle-east/egypt-saudi-trade-touch-2-billion-mark-in-the-first-half-of-the-year.html). Due to an increased demand for agricultural products in the global market, the government has used foreign earnings and introduced new farming methods and technologies to meet increased market demand. The petroleum trade has attracted investors from growing and established economies like China and US to invest in their sector. These heavy investments have contributed to the betterment of the country’s …show more content…
The civil unrest affected their tourism and export sectors. The several months of street protest by pro regime has resulted in heavy losses and inflation. There is a need for this new regime in power to export more of their natural resources to help in its rebuilding exercise and economic recovery. No investor or country wants to put money into an unstable economy, therefore, it is best that Egypt sorts out its political risk if it wants to succeed in its trade and exports and to urge investors to its

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