Egypt is a country with the best-developed economy in Northern Africa. The Egyptian economy is based on tourism, textile production, chemicals, food processing, hydrocarbons, cement and metal production, pharmaceutical production, construction, and manufacturing. In 2014 the country exported $33.2 billion worth of goods to Italy, Germany, Saudi Arabia, India and Turkey.
Egypt has a population of 99,636,027 ppl and approximately 12 million tourists are expected to visit the country in 2018, according to Hamed el-Chiaty. The largest cities are Cairo (19.5 mln), Alexandria (5.2 mln), Giza (3.6 mln), Shubra El-Kheima (1.1 mln), and Port Said (626,000).
The Purchasing Power Index in Egypt is still very low. However, there are five million “A class” consumers with an average monthly income of up to USD 1,000. The people are well educated and familiar with international goods and services.
All the mentioned above creates good business opportunities for franchisees, willing to enter the market.
There are around 600 franchise companies operating in the country now with hundreds of outlets. 42 percent of them are local brands and 58 percent are international companies ( referring to Egyptian Franchise Development Association statistics). The most successful franchise businesses in the country deal with food, retail, hospitality, and sport. Egyptian franchise market generates EGP 12 billion a year providing 800,000 direct jobs and 1.5 million indirect jobs.
There are high investment business opportunities, as well as cheap franchises in Egypt presented for review, the choice is yours.
Currency: Egyptian pound (E£,ج.م)
Education Index (2015): 0,601
Official languages: Arabic
Per capita GDP (PPP): $12,671
Quality-of-life index (0-10): 5,76
Population: 97,4 mln
Total GDP (PPP): $1,201 trillion
Ease of Doing Business Ranking, Rank: 128
Human Development Index (HDI): 0,691