Egypt plans to derive 20% of its electricity from renewable sources by 2020

FACT No 7

Egypt plans to derive 20% of its electricity from renewable sources by 2020
Women to form 11% of Egypt's next parliament

FACT No 22

Egypt is home to 30% of the Arab world's bloggers
Egypt's economy is expected to grow four percent in 2009, in the midst of the global recession

FACT No 3

Egypt's economy is expected to grow four percent in 2009, in the midst of the global recession
Cairo is home to Africa's only subway

FACT No 5

Cairo is home to Africa's only subway
The World Bank named Egypt 2008's top economic reformer in the Middle East for the third year in a row

FACT No 1

The World Bank named Egypt 2008's top economic reformer in the Middle East for the third year in a row

Egypt's economy is expected to grow four percent in 2009, in the midst of the global recession

Egypt's economy is expected to grow four percent in 2009, in the midst of the global recession

Egypt's economy is expected to grow four percent in 2009, in the midst of the global recession
  • Growth has been broad-based across manufacturing, the hydrocarbon sector, construction, services, tourism and agriculture, with the main drivers being private consumption and investment supported by relatively large inflows of Foreign Direct Investment.
  • At least 11 major state-owned companies across various sectors have been privatized since 2004.
  • In 2005, the Egyptian government cut corporate tax rates in half, from 40 percent of profits to 20 percent. Personal tax rates were reduced at the same time, moving from a flat rate to a progressive system.
  • Unemployment in Egypt has fallen from 11.8 percent in 2005 to 8.6 percent in 2008.

Source: Organization for Economic Cooperation and Development; Egyptian Ministry of Investment