With close to 80 million people, Egypt is the largest Arab market in population. With reform measures including lower taxes and tariffs, a big pool of inexpensive labour, and a growing number of trade pacts, Egypt has attracted much foreign direct investment (FDI) into the manufacturing sector. This, along with an expanding middle class and rising number of modern shopping malls, bodes positively for Hong Kong suppliers of intermediate goods, and mid-to-high end consumer goods. Hong Kong infrastructure and real estate service suppliers can also benefit from the rising demand for high-end offices, shopping malls and residences in Egypt.