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They gave me some great assistance. The economic reforms undertaken between and , with their more market-oriented approach, attracted many foreign investors. There were five million fewer tourists visiting Egypt than in , numbers falling from However, with the support of its Gulf allies, Egypt has managed to stay clear of default. In , higher levels of foreign investment helped GDP growth to rebound after the troubled period that inflicted a hit on the economy.
Although only 2. About a third of the workforce is employed in the primary sector, and the regular floods on the banks of the Nile provide them with plenty of work: Multiple annual crops are the norm. The agricultural sector has been performing well, as it is sheltered from political unrest and extreme weather conditions. Egypt is home to various industries such as automobile and textile production, chemicals, and steel.
The manufacturing industry, which comprised Control of the Suez Canal is another important source of revenue for the nation. In terms of natural resources, Egypt profits greatly from its oil supplies.
The Suez Canal is sheltered from internal political ongoings and, thus, its revenues remain stable at about 5 billion USD per year. The New Suez Canal, an 8. Cairo is the undisputed center of Egypt in almost every respect. For many international corporations, working in Cairo is the most feasible option when trying to establish a presence in the Middle East.