Amazon said its investments contributed more than EGP 29 billion to Egypt’s GDP over the past decade, according to an economic impact assessment by consultancy Keystone Strategy.
The company said its operations supported more than 60,000 direct, indirect, induced and seasonal jobs across logistics, technology, operations and professional services in Egypt.
The assessment attributes the estimated GDP contribution to Amazon’s cumulative spending on infrastructure, technology, logistics and employee compensation. The company expanded its presence in Egypt after acquiring Souq.com in 2017 and launching Amazon.eg in 2021.
The findings were announced at the Global Entrepreneurship Festival in Cairo. Amazon said its wider impact also includes Egyptian small and medium-sized businesses that sell through its platform, as well as suppliers, delivery partners and service providers connected to its operations.
The company has continued expanding its local services, including Amazon Now, which delivers groceries, fresh produce sourced from local farmers and household essentials through micro-fulfillment centers. Amazon said it plans to keep investing in Egyptian infrastructure, technology, entrepreneurs and small businesses.
Source: Wamda
