While Egypt continues to face considerable economic challenges as it confronts the legacy of its recent political history, at the outset of 2017 the nation’s economic planners have reason for optimism.
What makes Egypt an attractive base for the production of fast-moving consumer goods (FMCG)?
In countries around the world, the cement industry is often seen as a bellwether. When it is performing well, it suggests an economy in full flow, moving in the right direction. It is hardly surprising, therefore, that much like the rest of the industrial sector and the economy at large, Egypt’s cement producers – which account for 3.7% of GDP...
What are your expectations with respect to short-and medium-term demand for steel?
The textiles sector is among Egypt’s oldest and most important industrial segments. With the introduction of Qualified Industrial Zones (QIZs) in 2004, giving exporters tariff-free access to the US market, the textiles industry reached new heights. Indeed, for much of the 2000s, the industry was experiencing double-digit growth. However, the...
While the years since the 2011 Arab Spring have been difficult for many of Egypt’s industries, the fast-moving consumer goods (FMCG) segment has remained largely resilient. Although inflation has been a worry in terms of its effect on domestic sales, the majority of FMCG manufacturers have been experiencing robust growth.
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