Egypt has become a prime destination for international companies seeking to expand their operations in Africa, the Middle East, and beyond. The country's strategic location, skilled workforce, and favorable business environment have made it an attractive location for investments in various sectors, including technology, manufacturing, and services. In recent years, Egypt has witnessed a significant increase in foreign investments, with 5,022 foreign companies setting up operations in the country during the first half of 2026.
The growth in foreign investments is reflected in the increasing number of companies operating in Egypt, with 177 multinational companies and 282 service centers currently present in the country. The technology sector has been a major driver of this growth, with Egypt's digital exports reaching $8 billion in 2026. The government aims to increase digital exports to $12 billion by 2029, driven by the country's growing pool of skilled professionals and favorable business environment.
Egypt's IT sector has been a significant contributor to the country's economic growth, with exports of IT services reaching $5.2 billion in 2025. The sector is home to over 195,000 professionals, with 252 companies operating through 282 service centers. Multinational companies such as Vodafone and Concentrix have established major operations in Egypt, taking advantage of the country's skilled workforce and favorable business environment.
The country's manufacturing sector has also seen significant investments, with companies such as Samsung, Siemens, and Bosch setting up operations in Egypt. These companies are taking advantage of Egypt's strategic location, skilled workforce, and favorable business environment to produce goods for both domestic consumption and export. Egypt's automotive sector has also seen significant investments, with companies such as Nissan, General Motors, and Mercedes-Benz operating in the country.
Egypt's logistics sector has also been a major draw for investors, with the country's strategic location allowing for easy access to global markets. The government has invested heavily in developing the country's transportation infrastructure, including the construction of new roads, ports, and airports. This has made it easier for companies to transport goods and products in and out of the country.
The growth in investments has also been driven by the country's efforts to develop its digital infrastructure, including the expansion of its telecommunications network and the development of new technologies such as artificial intelligence and blockchain. The government has also implemented policies aimed at encouraging entrepreneurship and innovation, including the establishment of new business incubators and accelerators.
Key players in the Egyptian economy have welcomed the country's emergence as a major technology and investment hub. With its strategic location, skilled workforce, and favorable business environment, Egypt is well-positioned to continue attracting investments and driving economic growth in the region. The country's focus on digital exports, manufacturing, and logistics is expected to drive growth and create new opportunities for businesses and investors.
Key points
- Egypt aims to increase digital exports to $12 billion by 2029
- 5,022 foreign companies set up operations in Egypt during the first half of 2026
- Egypt's IT sector exports reached $5.2 billion in 2025
