Amazon has announced that its investments in Egypt have contributed over $29 billion to the country's GDP in the past decade. According to an analysis by Keystone Strategy, the company's investments have supported more than 60,000 direct, indirect, and seasonal job opportunities across various sectors. This announcement was made during the Global Entrepreneurship Festival in Cairo, the largest entrepreneurship event in Africa.
Amazon's investments in Egypt have been ongoing since its acquisition of Souk.com in 2017 and the launch of Amazon.eg in 2021. The company has gradually expanded its presence in the country, investing in infrastructure, technology, and logistics. Its investments have had a significant impact on the local economy, supporting supply chains, stimulating demand, and creating a favorable environment for growth and employment.
The impact of Amazon's investments extends beyond its direct workforce. The company has supported over 60,000 job opportunities in various sectors, including logistics, operations, technology, and professional services. These jobs range from positions in Amazon's shipping and logistics centers to suppliers, delivery service providers, and other businesses that rely on the company's presence.
Amazon has continued to expand its services in Egypt, including the launch of Amazon Now, which delivers fresh produce and household essentials within minutes through a network of mini-warehouses across the country. This investment in infrastructure, technology, and local businesses solidifies Amazon's position as a long-term partner in Egypt's growth and job creation efforts.
Omar El-Sahly, General Manager of Amazon Egypt, emphasized the company's commitment to Egypt, stating that its presence reflects confidence in the country and its people. He highlighted that Amazon's investments demonstrate its belief in Egypt's potential and its commitment to supporting local entrepreneurs, small and medium-sized enterprises, and the workforce.
Amazon's commitment to empowering entrepreneurs and supporting small and medium-sized enterprises is reflected in its continued investment in Egypt. The company aims to build on its existing presence, supporting the growth of local businesses and creating new job opportunities. As Egypt focuses on private sector investments, entrepreneurship, and job creation, Amazon is poised to continue its long-term commitment to the country.
Amazon's business is guided by four core principles: customer obsession, innovation, operational excellence, and long-term thinking. The company seeks to be the world's best customer-focused company and the best place to work. With a range of leading services and products, including e-commerce, cloud computing, and artificial intelligence, Amazon continues to innovate and expand its offerings.
Key points
- Amazon's investments in Egypt have contributed over $29 billion to the country's GDP in the past decade.
- The company's investments have supported more than 60,000 job opportunities across various sectors.
- Amazon aims to continue its long-term commitment to Egypt, supporting local entrepreneurs, small and medium-sized enterprises, and the workforce.
