Egypt’s construction sector continues apace, and cement production levels have been largely sustained to support ongoing infrastructure, commercial and residential projects. Despite challenges, the cement industry – the 12th largest in the world in 2016, according to international bank HSBC – is set to maintain this growth trend in the coming...
What segments do you expect to be the main drivers of growth for the manufacturing sector?
Since the late 2000s energy production has lagged behind consumption, and a shortage of natural gas has left industrial customers scrambling for solutions. Growth in upstream production failed to keep up with downstream demand, with both oil and gas production falling below historical highs. However, as new upstream discoveries have come on-...
With a large consumer base, skilled labour force, strategic geographic location and a series of pro-business government efforts to streamline licensing and operations, Egypt’s industrial sector is an attractive proposition. While challenges remain, there are new local and export-focused opportunities for increased investment – particularly with the ongoing construction of a new capital. While...
As Egypt enters 2018, a newly liberalised local currency and the recent implementation of a much-anticipated investment framework have left the country well positioned for continued economic expansion: the IMF expects GDP growth to reach 4.5% in 2018 and accelerate to around 6% over the medium term.
Several major multinational manufacturers have announced plans to expand production in Egypt and use the country as a regional manufacturing base on the back of an improving macroeconomic outlook.