19 hours ago
- Business
- See - Sada Elbalad
Foreign Workers in Egypt's Private Sector Surge by 32% in 2024
Ahmed Emam
Egypt has seen a significant rise in the number of foreign nationals working in its private and investment sectors, with figures climbing to 22,900 in 2024 — a 32% increase compared to 17,300 in the previous year.
The data, published Tuesday by the Central Agency for Public Mobilization and Statistics (CAPMAS) in its *Annual Bulletin of Foreign Workers in the Private and Investment Sector*, highlights growing foreign interest in Egypt's labor market amid continued economic reforms and expanding investment opportunities.
According to the report, 10,000 foreign workers received permits to work in Egypt for the first time, accounting for 43.7% of the total. Meanwhile, 12,900 had their contracts renewed, representing 56.3%.
European nationals made up the largest share of foreign workers in Egypt last year, with 8,798 individuals — or 38.4% of the total. They were followed by non-Arab Asian nationals, numbering 7,224 and representing 31.5%.
The surge in foreign labor reflects Egypt's sustained efforts to attract international talent across key sectors, including energy, manufacturing, construction, and telecommunications. Analysts say the trend underscores Egypt's evolving position as a regional hub for investment and skilled labor.
read more
CBE: Deposits in Local Currency Hit EGP 5.25 Trillion
Morocco Plans to Spend $1 Billion to Mitigate Drought Effect
Gov't Approves Final Version of State Ownership Policy Document
Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister
Qatar Agrees to Supply Germany with LNG for 15 Years
Business
Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves
Business
Suez Canal Records $704 Million, Historically Highest Monthly Revenue
Business
Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday
Business
Wheat delivery season commences on April 15
News
China Launches Largest Ever Aircraft Carrier
Sports
Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer
Lifestyle
Get to Know 2025 Eid Al Adha Prayer Times in Egypt
Business
Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War
Arts & Culture
Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies
News
Flights suspended at Port Sudan Airport after Drone Attacks
Videos & Features
Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
News
Shell Unveils Cost-Cutting, LNG Growth Plan
Technology
50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
News
3 Killed in Shooting Attack in Thailand