Egypt Industry

Egypt’s energy sector proved largely resilient to the initial impact of the Covid-19 pandemic, when demand for fuel and feedstock dropped amid lockdowns and travel restrictions. Heavy investment in the industry, new oil and gas discoveries, and a strong refining industry now place Egypt in an advantageous position to capitalise on the resurgence of global travel and economic...

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...

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...

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,...

Industry is front and centre of Egypt’s economic growth and diversification policies. The government aims to increase high-technology exports in this sector, as well as increase the value added by manufacturing as a percent of GDP. Several factors make industry attractive to foreign investors, including the country’s location between key...