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Egyptian Streets: Syrian Refugees Contributed over $US 800 Million to Egypt’s Economy Since 2011

UNDP report states the number might be higher however not all businesses of Syrian Refugees are registered.
17.05.17 | Interesting article at Egyptian Streets

The total capital invested by Syrians refugees and their Egyptian partners throughout their working period since 2011 has been estimated at nearly $US 800 million, according to a report released by the United Nations Development Programme (UNDP).

Syrian refugees are thought to have contributed to Egypt’s economy with more. However, Syrian businesses don’t frequently register under an Egyptian name, or at all.

Syrian businesses vary from large factories, micro enterprises in diverse sectors including textiles, restaurants, local markets, and IT firms.

The report added that these businesses are also reportedly hiring Egyptians and training them. They also bring expertise and boost exports. Egypt has proven to be an attractive location to Syrian refugees despite the difficulties of starting a business in Egypt in general.