Egypt’s large and growing urban middle class makes it an increasingly attractive market for producers of fast-moving consumer goods (FMCGs), from snacks to cosmetics, to household cleaning supplies. Despite budget constraints stemming from the economic reforms passed in 2017 (see Economy chapter), many companies are taking a longer-term view...
With a large consumer base, a skilled labour force, a strategic geographic location for trade, and a series of pro-business government efforts to streamline licensing and operations, there are a number of reasons to recommend Egypt as an industrial centre. While challenges remain, there are new local and export-focused opportunities for...
Egyptian retail has come a long way since the days of the winding hustle of the Khan El Khalili market and the tentmaker’s souq. In a September 2017 briefing on the current status of Egypt’s economic reform programme, the IMF listed retail as one of the key sectors driving the 4.2% GDP growth rate during FY 2016/17. In a 2015 report, global...
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-...
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