Essay on Egypt

Essay on Egypt

Length: 2196 words (6.3 double-spaced pages)

Rating: Strong Essays

Open Document

Essay Preview

Executive Summary
Egypt today can be a viable market for the foreign investor, especially the investor who has the ability to see the rewards of in investing in the region for the long haul. The world and Egypt both realize that the region is the gateway to the Middle East. Egypt is leading the way for Arabic countries to embrace a new way of doing business and opening their borders to the ‘global village’ concept.
Size of Market
The Arab Republic of Egypt is located in Northern Africa and borders Libya, Sudan and the Gaza Strip, as well as the Mediterranean and Red Seas. Less than one-tenth of Egypt is settled. Egypt’s population of 68 million lives mostly in the Nile valley and Delta. The Western Desert Highway and the Delta Road connect Egypt’s two largest cities, Alexandria and Cairo.
Egypt is three times the size of New Mexico and is a desert climate with long dry, hot summers and short moderate winters. This region is also known for severe droughts, flash floods and sandstorms. Prime agricultural land is being lost to urban sprawl along the delta. With the completion of the Aswan High Dam in 1971 and the development of Lake Nasser soil salination and the changing ecology along the Nile is an ever-present problem. A rapidly growing population will continue to stress the resources.
Egypt is the largest Arab county by population with 68 million people. Arabic is the common language with 94% of the population being Muslim and the other 6% being Coptic Christian. Islam is the state religion and the Egyptian Pound is the official currency.
Socio-Cultural Acceptance Of Product
The socio-cultural acceptance of a product in this region can be achieved if the company has a broad knowledge of the Islamic people. A businessperson must take the time to learn the culture, develop an appreciation for the Islamic faith and Egypt’s long and rich culture.
The Egyptian people view business as a personal transaction, not simply an exchange of money. One must embrace their culture in order to succeed in this marketplace. A businessperson cannot simply walk into a meeting, shake hands and expect to immediately discuss the business at hand. One has to be pleasant and willing to get to know their customer; which many times include their family members.
All private business leaders and most high-level government officials have a good command of English. Therefore a fore...


... middle of paper ...


... important in their daily life. When doing business in Egypt, be prepared to play it in the Egyptian tradition, or you may waste your time. A few foreign firms come to Egypt and give up after a short stay. But most foreign companies, once established with a base here, find the Egyptian market a worthwhile and profitable place to do business.
To create a business opportunity for an American consumer product in Egypt would be extremely challenging. A better approach would be to invest in an existing, established company to assist in the humanitarian aspects for the region. A company searching to make short-term profits should not invest in the Egyptian economy; Egypt is a developing country that will take years of nurturing to be a truly thriving marketplace.

Bibliography

It's a people problem . . . Business Today (Egypt), 09-09-1998
Lois Beck, Feminists, Islam and Nation: Gender and the Making of Modern Egypt, 1997
Gehad Auda, Political-Military Relations in Egypt, 1990
P. J. Vatikiotis, The History of Modern Egypt (1991)
Egypt, Encyclopedia Americana Online Grolier, Inc. http://go.grolier.com, 2001
Egypt, Microsoft Encarta Online Encyclopedia, 2001 http://encarta.msn.com, 2001

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Ancient Egypt : An Effective Leader Of Egypt Essay examples

- Tutankhamun is a well-known Pharaoh born in the Armana age, which is the 18th dynasty of Ancient Egypt. The discovery of his intact tomb by Howard Carter and Lord Carnavon in 1922 made him a worldwide sensation. However, the details of his life were mysterious and most unknown. Howard Carter commented that, “the one outstanding feature of his life was that he died and was buried”. With in-depth research by archaeologists and Egyptologists such as Zahi Hawass, we can discover many elements surrounding the young Pharaohs life and death....   [tags: Tutankhamun, Ancient Egypt, Egypt, Akhenaten]

Strong Essays
1400 words (4 pages)

The Differences Between Ancient Egypt And Egypt Essay examples

- Agriculture, Religion, and Politics are the three main publicized topics in today’s society. What a coincidence that it was the same three back in ancient times. With the ancient civilizations being the forerunners of finding out what worked and what didn’t, is how the current methods or beliefs exist today. The Egyptians, Zhou Dynasty, and Greek Civilizations are prime examples of failure and success within the agriculture, religion and political realms. Pharaohs and Chief Ministers restructured political structure in the Egyptian New Kingdom into a military state with a centralized administration’s lead....   [tags: Ancient Egypt, Egypt, Nile, Cairo]

Strong Essays
1115 words (3.2 pages)

Egypt 's Origin Of Ancient Egypt Essay

- Tracing Egypt’s origin to the intermarriages of ancient Egyptians with invaders over countries of Asia and Africa. Egyptian culture flourished between 5500 BCE with the rise of technology and 30 BCE with the death of Cleopatra VII, who was the last Ptolemaic ruler. Egypt is located on the Nile River. It begins in the Highlands of Ethiopia with two other branches, the Blue Nile and the White Nile. The Egyptians depended greatly on the Nile River to survive. Every spring the river would flood and produce rich soil....   [tags: Egypt, Nile, Ancient Egypt, Egyptians]

Strong Essays
1753 words (5 pages)

Ancient Egypt : The Great Pyramid Of Egypt Essay

- For our theme, today we will focus on the power of royalty. Throughout most of Egypt’s time there was a king or queen, controlling some aspect of the country. The high hierarchy led Egypt to many great things, creating a society of wonder and admiration. The kings and queens of Egypt are now gone, but has still left a mark in history and culture. As we visit some parts of Egypt it will be clear that the hierarchy had a strong influence on the people of Egypt. Some of the places that we will be visiting is the Tut Exhibit in New York, The Great Pyramid of King –Khufu, The Abu Simbel temple of King Ramses, and the Mortuary temple of Hatshepsut....   [tags: Ancient Egypt, Ramesses II, Pharaoh, Egypt]

Strong Essays
1061 words (3 pages)

Egypt under Mubarak Essay

- Egypt plays an extremely significant role as one of the major powers in the Middle East. Egyptian force in the Arab world stems from the strength of its cultural life which makes it extremely difficult to be ignored. The book, “Egypt under Mubarak” features essays from seven different authors, which examine the causes and consequences of the many crises Egypt has faced. Mubarak comes into power taking upon himself the previous Egyptian political, sociological, and economic problems left by Sadat and Nasser....   [tags: Egypt]

Strong Essays
1204 words (3.4 pages)

Essay on Ancient Egypt Civilization : Ancient And Modern Egypt

- Ancient and Modern Egypt ( ) There are some countries that have a large civilization, but how many countries have had a successful civilization throughout its existence. What if there is a country has a civilization from 7000 years ago that has a rich history, various progresses, cultures, governments, customs, and habits. A lot of its heritages still until now. Egypt was one of the most wonderful civilizations in human history. Ancient Egyptians lived around the Nile River, where they found the rich soil for cropping and invented tools to build their successful civilization....   [tags: Ancient Egypt, Nile, Egypt, Civilization]

Strong Essays
998 words (2.9 pages)

Analysis Of The Book ' Egypt ' Essay

- Egypt has a very paradoxical culture since it is one of the most well known cultures and simultaneously one of the most mysterious and hidden. Even though we know much about the history of ancient Egypt, there are still many mysteries that involve the lives of the pharaohs, conspiracies, intrigues and politics. That is why the book of Toby Wilkinson exposes this part of the ancient Egyptian history. The title of the book shed some light on the history of Egypt since we may always see the fall of the kingdom after a big rise and, unfortunately, this circle is closed, so Egypt is doomed to be in a bad state after the demise of the famous Cleopatra....   [tags: Ancient Egypt, Pharaoh, Egypt]

Strong Essays
1089 words (3.1 pages)

Essay on Ancient Egypt

- Ancient Egypt is a fascinating ancient civilization. The Egyptian culture was heavily polytheistic with a complex view of the afterlife, which was evident in their architecture and communication. Even today as ancient Egypt melts together with modern Egypt. The pull of their ancient cities is still seen in Cairo and Alexandia. The highly developed belief of polytheism in the Egyptian culture was made up of many gods. This belief is the base to the Egyptian culture and life. In the Egyptian polytheistic culture the gods took on form and characteristics of objects found in nature....   [tags: Egypt]

Strong Essays
2318 words (6.6 pages)

Mesopotamia and Egypt Essay

- 1) I have chosen to discuss the civilizations of Mesopotamia and Egypt. Both have many significant similarities and differences. I would like to compare some important points in four common categories. I will compare and contrast the geography and its impact, the political structure of each society, the importance of their existing class structures and finally the role of women in these dynamic civilizations. Mesopotamia and Egypt were both in flood basins of major rivers. Mesopotamia was characterized by turmoil and tension and in contrast Egypt was characterized by stability and serenity....   [tags: Mesopotamia Egypt Civilizations]

Strong Essays
1127 words (3.2 pages)

Ancient Egypt Essays

- Ancient Egypt One of the most interesting aspects of ancient Egypt is its religion. The depth of Egyptian thinking and rich imagination displayed in the creation of ideas and images of the gods and goddesses is beyond compare. On elaborating their beliefs, the Egyptians were working on the cosmic plane searching for an understanding of the most basic laws of the universe (Religion). The ancient Egyptians instilled their religion into every aspect of life including their art and architecture. The Egyptians were humanistic, naturalistic and polytheistic in their ardent faith....   [tags: Ancient Egypt Egyptian History]

Free Essays
1120 words (3.2 pages)