To what extent can Egypt increase its competitiveness with low-cost Asian textile producers?
To what extent can Egypt increase its competitiveness with low-cost Asian textile producers?
Although Egypt’s petrochemicals production capacity is small by regional standards, the country is one of the larger African players in the industry. Furthermore, capacity – which leverages the country’s large gas reserves – has grown rapidly over the past decade and is set to expand even more quickly in coming years. Ethylene capacity alone should...
Founded by Alexander the Great and famous for its classical history, Alexandria – now Egypt’s second-largest town and the biggest city on the Mediterranean – is also arguably the country’s industrial heart, with around 40% of national industrial activity taking place in and around it.
The wealth of the Nile River and its fertile banks and delta, together with Egypt’s location at the confluence of Africa, Asia and Europe, have made the country a valuable prize for centuries, as well as a centre of trade and ideas.
One of the most important industrial segments, Egypt’s textiles sector is a major employer and source of export revenue. Proving resilient to competition, economic downturns and social unrest in recent years, it thrives on a number of competitive advantages, like favourable trade relations and active government support.
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×