The Arab Republic of Egypt is located in North-East Africa. It serves as a bridge between Africa and the Middle East. This country, built around the Nile, is bordered to the north by the Mediterranean Sea and to the southeast by the Red Sea. Egypt is surrounded by Israel to the east, Sudan to the south and Libya to the west. Its surface area is 1.01 million sq.kms for 97 million inhabitants and a GDP close to US$235 billion (source: France Diplomatie, 2017).
Egypt is the second largest economy in Africa with a GDP of around US$350 billion. Its natural gas and oil resources as well as its strategic position through the Suez Canal are its main revenues, despite an attempt to diversify into tourism and industry.
France is one of Egypt’s leading economic partners. Its economic presence in Egypt – made up of 160 subsidiaries employing more than 30,000 people – has also recently been strengthened. French companies benefit from strong positions in the growth sectors of the Egyptian economy: industry, agro-industry, electrical equipment, pharmacy, retail, hydrocarbon exploitation, tourism and infrastructure.
In order to meet the needs of its customers on the Egyptian market, Simon Associés has developed privileged relations with economic and legal partners locally.