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Chapter | Health & Education from The Report: Egypt 2019

Though the Egyptian health care system is character¬ised by a pluralistic mix of public facilities, it has been strained by rapid population growth and relatively low levels of funding. Consequently, most Egyptians opt for private facilities, fuelling high levels of out-of-pocket expenditure and increasing desire for private insurance. In response, the government has initiated several reforms aimed at improving quality and access to health care services for its population. Demand for medical equipment, pharmaceuticals and health care facilities are likely to follow, offering continued private sector growth and opportunity. In the same manner, Egypt’s burgeoning population and a high num¬ber of new entrants to Egypt’s education system have generated growing demand for facilities. However, strain on the public system has led to challenges in producing internationally competitive graduates. In an effort to improve the quality of its human capital, the government has begun to overhaul the pre-university education system and has opened the higher education segment to international universities. Additional funding and private sector support are required to assist the Egyptian government in achieving its targets. This chapter contains an interview with Mohamed El Kalla, CEO, Cairo for Investment and Real Estate Development.

Chapter | Tourism from The Report: Egypt 2019

Following a turbulent period from 2011 to 2016 the Egyptian tourism sector has experienced consistent growth. The industry recorded gradual growth in arrivals and revenue in 2017 and 2018. Although visitor numbers have not yet been restored to their pre-2011 levels, occu¬pancy rates have increased across the country, with Cairo experiencing its highest occupancy levels since 2010. New source markets are continuing to grow while traditional markets are returning, raising optimism in government and among investors that the sector will flourish throughout 2019 and beyond. This chapter contains an interview with Rania Al Mashat, Minister of Tourism.

Chapter | Agriculture from The Report: Egypt 2019

Egypt’s natural competitive advantages should allow its agriculture sector to strengthen as the economy recovers over the near term, and recent government policy has allowed for an increase in the recommended sale prices for several crops, helping sustain the livelihoods of millions of Egyptians that depend on farming. Furthermore, the establishment of clearer quality standards is already helping to drive exports to new markets in Asia. Ongoing strategies that safeguard diminishing water resources and farmland should enhance the sector’s development, while further integration of distribution channels could assist small-scale farmers in accessing export markets. Coordination between agriculture production and processing capacity also has the potential to boost revenues. This chapter contains an interview with Alaa Diab, CEO, Agriculture Group – PICO.

Chapter | Transport from The Report: Egypt 2019

Better transport networks are not only key to fulfilling the country’s ambitions to raise trade volumes with international markets; they will also be useful in properly managing the ongoing urban development taking place across many parts of the country. To reach these goals an increase in private investment participation is required. Moreover, for Egypt to maintain its position as a global maritime transport centre, ongoing improvements in port capacity are key, as well as measures to improve the competitiveness of port operations. Government plans to expand cargo movement across the Nile River will open up opportunities for multimodal transport across the country, and a clear framework to attract more involvement of the private sector in the system should boost the construction and operation of river ports in the pipeline for construction. This chapter contains an interview with Mohab Mameesh, Chairman, Suez Canal Authority; and Chairman, Suez Canal Economic Zone.

Chapter | Construction & Real Estate from The Report: Egypt 2019

The construction industry is poised to remain one of the most dynamic sectors of the economy. This has been apparent in an increase in the number of large-scale projects involving transport, energy, utilities and urban development. This ongoing burst of construction activity is part of an effort to address infrastructure gaps, and improve Egypt’s standing among domestic and international investors. On the other side of the spectrum, real estate developers have been able to adapt their offers to the new needs of Egyptian buyers, and have progressed with ongoing plans for housing, office space and new retail areas. Efforts to construct new cities and the New Administrative Capital are also driving innovation within the sector. Even with a long list of construction projects in the pipeline a significant amount of attention and resources in the sector will be directed towards housing and other real estate developments in the near term. This chapter contains interviews with Hassan Allam, CEO, Hassan Allam Holding; and Ahmed Zaki Abdeen, Chairman, New Administrative Capital for Urban Development.

Chapter | ICT from The Report: Egypt 2019

With the government prioritising economic diversifi¬cation, Egypt’s digital transformation continued apace in 2018. Although the country’s mobile market appears to have already reached saturation in terms of subscribers, exponential increases in data use on the back of the 4G rollout, as well as the prospect of a sizeable fixed-line network expansion, are expected to continue to drive revenue growth for telecoms in the near future. Guided by its ICT 2030 Strategy, which aims to transform Egypt into a telecoms and tech centre on both a regional and global scale, government support remains key with infrastructure investments, tax incentives for tech parks and manufacturing projects. Private sector support for the nascent tech start-up industry offers promising prospects for the country. This chapter contains interviews with Amr Talaat, Minister of Communications and Information Technology; and Adel Hamed, CEO, Telecom Egypt.