chapter  6
42 Pages

Egypt: International Business Perspectives

Arab countries can be divided into two groups: the capital surplus group (such as Saudi Arabia, Kuwait, Libya, and Iraq) and the capital importing group. The second group is described as capital importing because of its large domestic investment possibilities and the lack of internal financial resources (Ghattas, 1984). Outstanding in this group are countries such as Egypt (with a population of 51 million), Morocco (20.65 million), Sudan (18.90 million), Syria (9.31 million), and Tunisia (16.51 million), which possess vast investment opportunities in agriculture, industry, mining, and services (Ghattas, 1984; EIU Annual Supplement, 1985).