Considered as the fastest growing economy in the Middle East and a resilient country in Africa, Egypt is working to develop major sectors of its economy, expand transportation, improve infrastructure, and rebalance its supply chain, as well as become a hub for business process outsourcing. Strategic plans in progress to boost economic growth pave the way for HR outsourcing opportunities for a more talented workforce.
While expanding to Egypt, your organisation will face various legal, cultural, and employment outsourcing challenges. This is where Africa HR Solutions can be the right partner to facilitate your Egypt HR outsourcing services. We provide Professional Employer Organisation (PEO), Employer of Record, payroll outsourcing, and ancillary support services, to help you grow your company in Egypt, even if you do not have a registered entity in the country.
Country Profile - Egypt
Population: 98.4 mn
Gross Domestic Product (GDP): $303.2 bn
GDP Growth: 4.8%
Foreign Direct Investment (% of GDP): 2.7%
Unemployment Rate: 11.4 %
Currency: Egyptian Pound
Languages: Modern Standard Arabic
Considered as a middle lower-income country, Egypt is one of the few African countries that has remained strong and resilient since the economic reforms established a few years ago. The Covid-19 pandemic affected a few sectors including the tourism industry. Together with the World Bank, the Country Partnership Framework (CFP) aims at exploring challenges and finding solutions in three key areas such as improving governance, improving opportunities for private-sector job creation, and social inclusion. Natural gas, clothes, textiles, medical & petrochemical products, citrus fruits, rice, dried onion, cement, steel, as well as ceramics are among Egypt’s primary exports.
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