Question

In taking a new business into Egypt. How would you recommend they enter the market and  what infrastructure do they need in country to offer your solution? (i.e., ports, electricity, Internet, language, rule of law) Why and  How would the solution be communicated to potential customers?

Note: Here we are discussing business related to farming

Answer 1

Business enterprises have to expand their operations across the world to enhance gains and increase the target audience. It helps improves the efficiency of the operations of the company. The company dealing with farming processes wants to expand its operation in Egypt. Egypt is a different country, and there are different governing rules and regulations. Egypt deals in crops like grains, cotton, clover, legumes, and fruits. If the company wants to invest in the country, it should adopt the practices that support these crops' production. The consumers in Egypt mainly demand these crops, and any company that deals in crops other than the crops as mentioned above fails in the country's market. The company should adopt the processes to grow and support these crops. The company needs facilities like electricity, water supply, and proper fertile land. The farmers of the company should have knowledge and expertise in the production of these crops. It will also increase the subsequent gains of the company in a foreign country.

Moreover, the company should also fulfill all the legal requirements and obligations of the country. It will not attract the lousy attention of government authorities for noncompliance with the legalities of the country. Egyptian companies have a specific code of conduct to work in the country. Hence, the company needs to fulfill all the formalities to gain infrastructural requirements.