US-based news website Business Insider listed Egypt among the top ten investment destinations in Africa, according to a report issued by the Information and Decision Support Center (IDSC).
Besides Egypt, the list includes Nigeria, South Africa, Algeria, Morocco, Kenya, Ethiopia, Ghana, Angola and Ivory Coast.
A report by the US news website indicated that Egypt’s economy soared by 9.8% in Q1 of the 2021-22 fiscal year.
Available statistics show Egypt as one of the wealthiest African countries by total GDP for 2021.
Despite the pandemic’s effects, Egypt’s GDP grew in 2021.
The country has a mixed economy profiting from fossil fuels, agriculture, and tourism, ideal for investors.
Over the past years, the Egyptian state has paid great attention to the investment file, and has exerted painstaking efforts to create an investment-friendly environment.