If you’re looking to start investing or you already are an investor and are looking for opportunities, it’s really important to know what the best industry is not only for now but also in the future. New companies with innovative products or services start to appear and make an impact in the world.
Here are five sectors that show a lot of promise for investors in the future:
Real estate is one of the best investments to build wealth because it’s profitable and stable investment choice that can generate a high profit return.
Also, real estate in Egypt has been growing at an impressive rate over the past few years. The country’s economy is improving. That’s why you should keep an eye on the real estate market.
And don’t worry, real estate is one of the safest investments one can make because the value of properties very rarely goes down, and even then, it’s only for short periods of time.
According to the International Energy Agency, global energy demand will grow by more than 30% by 2035. China, India, and the Middle East will account for two-thirds of that growth.
The good news is that Egypt has the atmosphere to be one of the best producers of energy with an abundance of land, sunny weather, and high wind speeds, making it a prime location for renewable energy projects.
Technology seems to develop at a rapid pace, and Fintech may be developing even faster. This obviously has a massive impact on both investors and the economy in the coming years. Luckily, Fintech in Egypt has been booming over the years. A quick example is that, in the past, anyone wanting to invest in stocks, shares, or bonds needed to seek out a broker. This involved paying brokerage fees and commissions and booking an appointment to sign the contract in the brokerage office. Thankfully, we now have Thndr.
4- Artificial Intelligence
The Artificial Intelligence industry is going up like crazy as many companies and even a lot of countries continue to develop AI to replicate human intelligence in a computer or machine with faster speed and efficiency.
Also, the Egyptian government set a public goal of 7.7% of its GDP from AI and robotics by 2030.
5- Internet of Things
The Internet of Things, also known as IoT It is the way of connecting physical objects through the internet to other devices. For example, a coffee maker will make a cup of coffee at the right time.
According to research by Fortune Business Insights, the Internet of Things market will reach $1.46 trillion by 2027. The industry is expected to grow at an average annual rate of 24.9%. Major players benefiting from the growth of the IoT industry are Amazon, Cisco, and Intel.
Thankfully, Telecom Egypt signed an a agreement in 2021 with the global Nokia Corporation with the aim of establishing the first infrastructure in Egypt to provide Internet of Things (IoT) services through Nokia’s global network also known as (WING).
Let’s be clear here. I’m not advising you on which sectors to invest in. because I’m not an expert Also, a quick reminder that any investment involves risk. You should do your own research. But what I’m saying is that whether you invest in them or not, these are some markets that it’s definitely worth keeping an eye on.
Enjoy the journey.
This was not written by Thndr and this is not investment advice, you should do your own research before making investment decisions.