Who is asset Egypt?

ASSET Egypt | ASSET (Advanced Solutions & Smart Energy Technologies) ASSET acts as a representative and local partner to multinational companies, world-class manufacturers and energy solutions providers. ASSET acts as a representative and local partner to multinational companies, world-class manufacturers and energy solutions providers.

How does asset operate in Egypt & UAE?

ASSET operates with a highly flexible commercial and logistical business model through utilizing its entities in Egypt and UAE to the full benefit of its customers. That is of course while maintaining outmost compliance to local and international trade and taxation laws.

How much does Egypt contribute to GDP?

According to the Central Bank of Egypt, the overall industrial sector in Egypt employs 15 percent of the workforce and contributed $37.3 billion to GDP in 2021/22. Within the sector, manufacturing contributed $27.1bn and oil refining $10.2bn. A worker paints a statue at the Konouz factory, the first in the country making replica antiquities.

Why is Egypt's economy growing so fast?

Much of this growth is fuelled by Egypt’s modernising industrial sector, which accounts for roughly 15 percent of its economy.

How to start a business in Egypt?

“Egyptians are massive consumers and the country has a very young population. The easiest way to begin a business is to create a product that you can easily sell online.” E-commerce is expected to earn $7.7bn in 2022 and $13.2bn by the end of 2025. Egypt’s workhorse industrial sector is set to benefit from this explosion in online shopping.

Will Egypt's industrial sector remain under pressure in H1 2023?

Ali Metwally, MENA economist and risk analyst at Infospectrum, expects the industrial sector in Egypt to remain under pressure into H1 2023 amid higher input costs and a weaker currency.