Egypt is a dynamic country with a storied past and for a period of approximately 500 years was the world’s strongest power. The Egyptians constructed one the Seven Wonders of the World when they completed the great pyramids of Giza. For over 3,800 years these were the tallest man-made structures in the world.
Now Egypt is in a time of transition after a historic revolution that ousted an autocratic regime that ruled the country for over 30 years. This revolution began when people took to the streets to protest poverty, rampant unemployment and government corruption. While protests are still occurring in response to a slow pace of change by the government there are many opportunities that will present themselves in the coming weeks after the first free, democratic elections in decades take place.
These elections will provide stability in the political process and the rule of law. If you are an investor or an entrepreneur this means you have more security in the future of your investments. Egypt and the surrounding region will become more stable and will return to a haven for private equity and infrastructure investing.
Egyptians are looking at this as an investment and a time to liberate the forces of entrepreneurship, bringing in the informal sector, encouraging the dynamism of Egypt’s small and medium sized companies, and most importantly, launching skills training programs and a reform of the education system. Egypt stands a very good chance of overcoming many of the issues and barriers that kept it from becoming one of the large, emerging markets along the lines of Brazil or India.
These reforms are ready and reformers are poised and prepared to embrace revitalizing the Egyptian economy. Frontier Market Solutions will be there on the ground and will be the first to deliver the most updated information about how the connection between Egyptian Businessmen and Investors can be facilitated. Follow us and be a part of the solution.