The manufacturing industry is a central part of Egypt’s economic engine, producing goods for the huge domestic market and for export across the world. Manufacturing industries accounted for 15.6% of GDP in the fiscal year 2013 (July 2012-June 2013). The sector was affected by the difficult post-revolution period, but as of 2014 the outlook seemed more positive. The sector’s recovery has been...
Egypt Industry
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Chapter | Industry & Retail from The Report: Egypt 2014
Muted levels of construction activity since the 2011 revolution, combined with constraints on electricity supply, has stifled operating conditions for Egypt’s cement producers, though new projects scheduled to launch in the second half of 2014 could provide a helpful boost to the segment, recently buoyed by the successful IPO of Arabian Cement.
Fast-moving consumer goods (FMCG) producers and retailers in Egypt face a somewhat mixed outlook in the short term, with limits on disposable incomes and high inflation making many Egyptians cautious about overspending. However, with such favourable demographics, long-term prospects appear more positive as the economy recovers, consumer confidence rises and export opportunities open up.
Interviews & Viewpoints | OBG talks to Mounir Fakhry AbdelNour, Minister of Trade and Industry from The Report: Egypt 2013
What sort of regulatory reforms might incentivise foreign investment in the industrial sector?
Articles & Analysis | Uncertain times: The construction sector is on hold until greater stability is restored from The Report: Egypt 2013
After several years of strong growth in demand, the economic slowdown and investment uncertainty associated with the 2011 revolution and its aftermath have dampened steel consumption in Egypt, leaving potential supply above demand. This gap partly explains the government’s decision to impose import tariffs, the rationale being that Egypt should not...
Articles & Analysis | Sewing a niche: Despite security challenges, textiles continue to perform strongly from The Report: Egypt 2013
In addition to being one of the largest producers of textiles and garments in Africa, Egypt’s textile sector has seen exports grow in recent years, to the point that it accounts for over a quarter of non-oil exports. The industry is an important generator of employment, and benefits from low labour costs, proximity to developed export markets and a...