You can consider places like Egypt in Africa if you want to establish your business in a foreign country. Also If you are looking for a place that can give you a high return on whatever your investment is, a country that has a lot of potential for growth, why not choose Egypt? Egypt presents an environment that is both promising and conducive for almost any business venture. Its location already gave it an edge, being located in Africa but with links to the Middle East and European countries. It is a good option for trading with neighboring and overseas countries, this is probably the reason why big companies are eyeing Egypt for investment.
In terms of tourism alone, they have iconic landmarks like the pyramids; especially the Pyramid of Giza, and the temples of Luxor and Karnak, to mention a few. The country records more than 10 million visitors every year, adding to the fact that they are already 110 million in population, this makes it the perfect place to meet a diverse range of consumers and clients. One can also say their cultural heritage and well-preserved histories play an important role in their appeal as both a tourist destination and a potential place to set up profitable businesses.
Another good thing about the country is that its economy is diverse, they not only focus on one source but on different industries including; tourism, manufacturing, agriculture, and renewable energy. The opportunities are numerous and at the focus of it all is the country’s capital city, Cairo. Cairo.Realestate will tell you everything you should know about this place.
The City of Focus: Cairo
Cairo is the metropolitan city of Egypt, its capital, and its center for commerce and finance. A large number of foreigners and expats are also concentrated in this city, while it is also the largest city in Egypt. Cairo is at the heart of any reforms that the Egyptian government is doing, and in recent times, the government has been doing a lot of these reforms. This is assumed to be mainly because they want to drive in more foreign investments but of course, Cairo may not be able to produce as much raw material as other cities but it can no doubt produce more workforces than any other city. When it comes to real estate, foreigners can own property according to the law (230) of 1996 and must be licensed by the government of course. In a way, government intervention may affect the cost of villas in Cairo and other types of properties, as foreigners are only limited to 2 residential real estate properties.
However, a country with a lot of opportunities for business people and investors without any cons sounds too good to be true, isn’t that right? Yes, Egypt can also be a handful because of some reasons like the elongated processes and formalities involved in setting up businesses, especially for foreigners, although there has been improvement over the years, people still believe that there are security concerns around Egypt.
Best Areas to Set Up Business in Cairo
- Zamalek: Perhaps the most popular place among expats is not exactly Cairo itself but this place called Zamalek. This is because it has the highest concentration of foreigners and expats and for very good reasons. Zamalek is an area in Cairo with a lot of exceptional features and advantages for business people; whether it is a new venture or you want to expand. The place is also easily accessible and the fact that it is also already home to a lot of mega-corporations and is close to major embassies adds to its pros.
- Heliopolis: As one of the biggest districts in the city, Heliopolis has its own residential, commercial, and industrial areas separated, so it is possible to get any of the three property types; residential, commercial and industrial for sale or for rent. Plus, Heliopolis’ main strength lies in its transportation lines. It has access to major transportation routes and leads to highways, metro lines, Cairo International Airport, etc. This makes logistics even easier as businesses can reach the clients faster and vice versa.
- Khan El Khalili: If your business targets foreign clients, then look no further, Khan El Khalili is the place for you. It is a shopping district right in the center of Cairo and holds cultural and historical significance. It is also one of the best tourist destinations in Cairo, Egypt. This market is that place where you can witness Egypt’s artisanal brilliance and marvel at its handiwork. If Zamalek and Heliopolis are places that attract people for their amenities and urban lifestyle, Khan El Khalili attracts and keeps people with a cool atmosphere as if they were one community.
- Downtown Cairo: Alright, where to start? Its reputation? Its location? Its level of amenities and social infrastructures? Or the level of foot traffic? Downtown Cairo has it all. They have the population, the infrastructure, and the location that gives the maximum visibility and increases the potential of a business to do well. Coupled with the fact that the government has also been supportive of investments and commerce in Downtown Cairo; you can call it the heart of Cairo itself, a heart within a heart. The place can get a lot more competitive in terms of real estate properties compared to other areas, however, cairo.realestate is your best bet to get ahead of the competition. They are a real estate aggregator that has over hundreds of thousands of properties for sale or for rent in Cairo and the whole of Egypt. They can easily get you a residential or commercial property in any of these areas in Cairo.
A Land of Limitless Opportunities
Despite the government intervention; both the positive and negative part of it, Egypt remains a very good place for foreigners to set up businesses and invest. In Africa, Egypt still stands as one of the countries with the prospects, a land of limitless opportunities just waiting to be taken. If you are concerned about real estate in Egypt, just use the recommended real estate aggregator and secure some of the best residential, commercial, or industrial property for yourself in Cairo, Egypt.