Egypt - Country Commercial Guide
Market Opportunities

Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities.

Last published date: 2022-08-08

The renewable energy equipment market is worth several billion dollars. Egypt’s Integrated Sustainable Energy Strategy aims to increase the share of energy generated from renewables to 42 percent by 2035.

The construction market has seen double-digit growth since the 1980s, resulting in a substantial boom in residential and commercial real estate. There is strong demand for infrastructure projects due to rapid population growth and housing shortages. The construction sector grew by approximately 70 percent since 2015, now reaching $12 billion

Egypt is the largest oil producer in Africa outside of the Organization of the Petroleum Exporting Countries (OPEC) and is also the largest oil and natural gas consumer in Africa. In 2019 the Ministry of Petroleum and Mineral Resources signed contracts for 12 new exploration and production concessions with ExxonMobil, Shell, BP, and others. These contracts are estimated to bring in around $800 million in initial new investment. New exploration areas include the Western Desert, Gulf of Suez, the Nile Delta, and the Mediterranean Sea. The Egyptian government is currently accepting bids to explore for oil and gas in the Red Sea, and it is expected to open up its Western Mediterranean waters in a new bid round in the near term.

The GoE is keen on improving the healthcare industry, especially relating to medical devices, and in 2015 announced plans for the development of 26 new hospitals. Currently, the GoE is working to implement the National Health Insurance Program. In 2018 the GoE launched a pilot project to digitize medical records nationwide, which, when fully implemented, is expected to inject efficiency into the healthcare system and benefit patients and healthcare providers. Nevertheless, challenges persist, including a lengthy registration process and lack of adequate protection of intellectual property rights (IPR).