Egypt Business Directory & List of Companies
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Capital City and 5 Largest Cities in Egypt
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Cairo (Capital):
Cairo is not only the capital of Egypt but also its largest city. It is located in the northern part of the country along the Nile River. Cairo is the political, cultural, and economic center of Egypt and is known for its historical sites, including the Giza Pyramids and the Egyptian Museum.
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Alexandria:
Alexandria is Egypt's second-largest city and is situated along the Mediterranean coast in the northwestern part of the country. It has a long history as a major port and a center of learning and culture in the ancient world.
- Giza:
Giza is located near Cairo and is known for its historical significance, particularly for being the site of the famous Giza Pyramids, including the Great Pyramid of Khufu. It is considered a part of the Greater Cairo metropolitan area.
- Shubra El-Kheima:
Shubra El-Kheima is one of the largest cities in Egypt and is part of the Greater Cairo metropolitan area. It is located to the north of Cairo and is known for its urban development.
- Port Said:
Port Said is a coastal city located at the northern entrance of the Suez Canal, on the Mediterranean Sea. It is an important port city and a hub for trade and maritime activities.
Economy of Egypt
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Gross Domestic Product (GDP):
Egypt's GDP was approximately 383 billion (in current U.S. dollars) in 2020, making it one of the largest economies in Africa.
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GDP Growth Rate:
Egypt's economy experienced growth rates averaging around 5-6% in the years leading up to 2020. The government has implemented economic reforms to stimulate growth.
- GDP per Capita:
Egypt's GDP per capita was around 3,900 (in current U.S. dollars) in 2020. This figure reflects the income per person in the country.
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Economic Sectors:
Egypt's economy is diverse, with key sectors including agriculture, industry, and services.
Agriculture plays a significant role, with crops such as wheat, rice, cotton, and sugarcane being important. The sector also includes fisheries and livestock.
The industrial sector encompasses manufacturing, construction, and mining activities.
The services sector includes tourism, telecommunications, financial services, and retail.
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Tourism:
Tourism is a vital sector of Egypt's economy. The country is known for its historical and cultural attractions, including the Pyramids, temples, and resorts along the Red Sea and Mediterranean coasts.
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Foreign Investment:
Egypt has actively sought foreign investment to boost its economy. The government has implemented economic reforms to improve the investment climate and attract foreign capital.
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Currency:
The Egyptian pound (EGP) is the official currency of Egypt.
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Challenges:
Egypt faces economic challenges, including high youth unemployment, income inequality, and the need for continued economic diversification. Inflation has also been a concern in recent years.
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Infrastructure Development:
Egypt has invested in infrastructure development, including transportation networks, energy production, and the expansion of the Suez Canal, to facilitate trade and economic growth.
Energy: Egypt is a significant energy producer in the region and has developed natural gas reserves for domestic consumption and export.
- Remittances: Remittances from Egyptians working abroad, particularly in the Gulf countries, contribute significantly to Egypt's foreign exchange reserves and household income.
Five Largest Companies in Egypt
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Egyptian General Petroleum Corporation (EGPC):
EGPC is the national oil company of Egypt. It plays a central role in the country's energy sector, overseeing the exploration, production, and distribution of petroleum and natural gas.
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Orascom Construction Industries S.A.E. (OCI):
OCI is a leading Egyptian construction and engineering company. It is involved in various infrastructure and construction projects, including building and civil engineering, industrial and mechanical work, and more.
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Commercial International Bank (CIB):
CIB is one of Egypt's largest and most prominent banks. It provides a wide range of banking and financial services, including retail and corporate banking, investment banking, and asset management.
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Telecom Egypt:
Telecom Egypt is the country's largest telecommunications company, offering fixed-line and broadband services, as well as participating in international submarine cable systems.
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Ezz Steel:
Ezz Steel is one of Egypt's largest steel manufacturers and producers. It is involved in the production of steel and steel-related products, serving both domestic and international markets.
Five Largest Banks in Egypt
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National Bank of Egypt (NBE):
National Bank of Egypt is the largest and one of the oldest banks in Egypt. It provides a wide range of banking and financial services, including retail banking, corporate banking, and international banking operations.
- Banque Misr:
Banque Misr is one of the largest banks in Egypt and offers a comprehensive range of financial services, including retail banking, corporate banking, and investment banking.
- Commercial International Bank (CIB):
Commercial International Bank (CIB) is one of Egypt's leading private sector banks. It provides a variety of banking and financial services, including retail banking, corporate banking, and wealth management.
- Qatar National Bank (QNB) Al Ahli:
QNB Al Ahli, formerly known as National Société Générale Bank, is one of the largest banks in Egypt. It offers retail, corporate, and investment banking services and is part of the Qatar National Bank Group.
- Banque du Caire:
Banque du Caire is a significant bank in Egypt, providing a range of banking services to individuals and businesses. It offers retail and corporate banking solutions.
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