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Foreign Workers in Egypt's Private Sector Surge by 32% in 2024
Foreign Workers in Egypt's Private Sector Surge by 32% in 2024

See - Sada Elbalad

time19 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

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