Egypt Industry

Chapter | Industry & Retail from The Report: Egypt 2020

Industry is front and centre of Egypt’s economic growth and diversification plans. The government aims to increase high-technology exports and boost the value of the manufacturing sector. To further enhance output and investment, Egypt continues to implement favourable policies, including the development of industrial zones and special economic zones. Although the sector will face challenges...

With one of the biggest consumer markets in the region and robust fundamentals, Egypt is well placed to attract international investment and emerge from this difficult period in a strong position. Although the Covid-19 pandemic has caused considerable disruption, the government’s ongoing reform efforts have helped to mitigate the worst effects of the crisis.

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After the 2016 currency devaluation and IMF-backed economic reforms that led to an increase in the prices of necessities such as fuel, electricity and basic foods, Egyptian consumers began to rationalise their spending habits. Many began to opt for cheaper brands, or stopped purchases in certain categories altogether. Fast-moving consumer...

 

Egypt’s retail industry benefits from a growing population, affluent middle class and openness to new retail options. Although the currency devaluation in 2016 initially affected business via downward pressure on consumer purchasing power, spending resumed in 2018 and is expected to stabilise further when unemployment and inflation levels...

 

The fact that the virus originated in China, the world’s major manufacturing centre, led to disruptions in global supply chains of basic goods, and gave rise to speculation that some companies would seek alternative production bases. Indeed, international reaction was swift, with representatives of three of the world’s four largest economies...

 

Which policies can be adopted to encourage more private investment in special economic zones?

 

In light of the headwinds created by the Covid-19 pandemic, how can the private sector shift to create long-term gains?

 

In comparison to many other industrial subsectors in Egypt that rely heavily on imported inputs, which grew more costly following the 2016 currency devaluation, the garment segment is able to use locally sourced materials. Foreign investors are attracted to the production base’s relatively affordable labour, lower electricity and water costs,...

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