Egypt is a promising market for investors due to its wide customer base of 100 million, and provides for investors great opportunities because its annual growth rate of consumption averaged 12.5 percent, the Federation of Egyptian Chambers of Commerce (FEDCOC) stated on Monday, during the Egyptian-Kuwaiti Business Forum organized by the federation earlier in the day.


Egypt provides a promising export market thanks to the multiple free trade agreements it has signed with regional and global partners, such as Egypt-EU Free Trade Agreement, the Greater Arab Free Trade Area Agreement, Egypt US Free Trade Agreement and the African Continental Free Trade Agreement.

These agreements allow for customs-free entry of locally made products, which would enable foreign companies to overcome the consequences of the current global trade war.

During the forum FEDCOC shed light on the investment opportunities offered by several mega national projects, including the construction of new cities, infrastructure projects and the Suez Canal Corridor Development project.