Egypt has seen significant macroeconomic improvement since the Arab Spring revolution and successive coups and terrorist attacks that rocked the country from 2011 onward. Structural reforms and subsidies recommended by the International Monetary Fund brought the Middle East's most populous country's highest economic growth in a decade, and it's now targeting 5.8 percent growth for 2019, up from 5.3 percent last year.
But the cost of these austerity measures has been steep. Private sector engagement will be crucial to support Egypt's burgeoning population, currently facing unemployment of around 10 percent. Some investors remain wary of a silent political situation, a fragile banking sector, regional insecurity and insufficient infrastructure.
Egypt nonetheless remains the top recipient of foreign direct investment (FDI) in Africa, with its FDI stock between 201
Nasr described as a strategic location and a "gateway to Africa, "adding that thanks to the free trade agreements Egypt has signed with other African blocs, investors are seeing the country as a portal not simply to its domestic market of 100 million, but to a broader market of 500 million.