Page 20 - EGYPT - En Vol.4 HD
P. 20

E  gypt
            Snapshot of E  gypt                                                                                                18


                                                                              Second Pillar:



                                                                                        Population








                                                                                      Egypt is the most populous country in
                                                                                      the Arab world and the third densely
                                                                                      populated country in Africa after Nigeria
                                                                                      and Ethiopia. Companies operating in
                                                                                      Egypt benefit from the advantage of
                                                                                      the high proportion of the labor force
                                                                                      lying in the target age group compared
                                                                                      to other segments in the availability
                                                                                      of work force in various economic
                                                                                      sectors, and this feature support market
                                                                                      attractiveness regarding labor-intensive
                                                                                      projects  on the  long  term.  The  steady
                                                                                      population growth in Egypt is the main
                                                                                      driver of sustainable economic growth,
                                                                                      as it represents a large and growing
                                                                                      consumer base and provides high
                                                                                      resilience for economic activity in crisis
                                                                                      times.
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