EGYPT
ECONOMY |
| |
Egypt's economy depends mainly on agriculture, media, petroleum exports, and
tourism; there are also more than 5 million Egyptians working abroad, mainly
in Saudi Arabia, the Gulf area, and Europe.
The completion of the Aswan High Dam in 1971 and the resultant Lake Nasser
have altered the time-honored place of the Nile River in the agriculture and
ecology of Egypt. A rapidly growing population (the largest in the Arab
world), limited arable land, and dependence on the Nile all continue to
overtax resources and stress society. |
|
| The government has struggled to ready the economy for the new millennium
through economic reform and massive investment in communications and
physical infrastructure, much financed from U.S. aid. Egypt is the second
largest recipient of such funds from the United States after Israel. |
