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GDP Distribution by Economic Activity 2022 (%)
Major manufacturing products include chemicals of all sorts, food products, textiles and garments, cement and other building materials, and paper products as well as derivatives of hydrocarbons (including fuel oil, gasoline, lubricants, jet fuel, and asphalt).
Within manufacturing, petroleum refining forms 21%. Thus, petroleum refining, manufacturing, import/export, agriculture, construction and real estate account for over 50% of the country’s economic productivity.
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Investing in Egypt’s Startup Ecosystem
Micro, Small and Medium Enterprises contribute over 40% to Egypt’s economy, and account for over 75% of the country’s total employment. Entrepreneurship is critical to Egypt’s future. Today, Egypt consistently ranks as a top 3 tech startup ecosystem in both the MENA and Africa regions, based on funds raised by local startups. In this special report, we speak to the most active investors in Egypt and cover some of the country’s most successful startups to give you an inside scoop on how they are navigating the current VC winter, inflationary pressures and currency devaluation woes.
