Egypt's Economic Crisis Creates Digital Nomad Boom and Mass Migration
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Egypt's economic crisis has created winners and losers - well-off digital nomads flocking to Red Sea resorts like Dahab, while millions struggle with soaring inflation and poverty.
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The Egyptian pound has lost half its value, making Egypt attractive for digital nomads paid in dollars or Euros.
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Nearly a third of Egyptians live in poverty, fueling illegal migration to Europe despite the risks - over 20,000 Egyptians arrived in Europe in 2022.
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Young Egyptians see migrants living well abroad and view it as a get-rich scheme, despite awareness efforts promoting local opportunities.
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Solving the crisis requires stabilizing the exchange rate and inflation, though cultural attitudes also drive migration.