Following a global trend, the expansion of ride-hailing companies in Egypt has skyrocketed. Firms such as San Francisco-based Uber and Dubai-headquartered Careem, which was acquired by the former in late March 2019 for $3.1bn, have taken advantage of Egypt’s large population and increasing smartphone penetration to expand across several of the...
Despite the important role that railway transportation has had in Egypt’s economic development, and as a means to connect the southern rural areas of Upper Egypt to the more industrialised north, years of underinvestment have led to a diminishing performance of the national network. This has had a significant impact on the system’s safety and...
With concerted efforts aiming to put the country’s economy on a long-term growth path, Egypt has been progressively focusing on improving its transport infrastructure. Better transport networks are not only key to fulfilling the country’s ambitions to raise trade volumes with international markets; they will also be useful to properly manage...
Aided by easier and cheaper travel, global tourism has experienced two decades of almost uninterrupted growth. According to the World Bank, the number of international departures more than doubled between 1997 and 2017, from 687m to 1.57bn per annum. With the global middle class estimated by the US-based think tank Brookings Institution to be...
How is Egypt aiming to diversify the source markets from which it is attracting tourists?
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