Egypt Industry

Egypt’s foreign exchange troubles throughout 2015-16 have sparked intense debate in the automotive industry, where the challenges have led to multiple reform proposals to shore up a troubled area of the country’s industrial production. Concerns peaked in April 2015, when Mercedes-Benz announced a partial exit, claiming it would continue to...

Though Egypt’s currency woes have filtered through the entire economy, the industrial sector was hit particularly hard in 2015-16. The weakness of the Egyptian pound had slowed the pace of new investment and led to plant shutdowns by foreign investors. With a shortage of US dollars, manufacturers have to source funds in the parallel market,...

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...

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...

In the years since the 2011 revolution, the industrial sector has been put at the forefront of government plans for economic growth. New industrial zones, substantive training programmes and development plans along the Suez Canal corridor have all been committed to paper as part of a strategy to boost the manufacturing sector’s contribution to...

The Egyptian car industry resonates as a marker of prestige and self-sufficiency. However, it also holds more tangible benefits for the country’s economy. The 15 car assembly factories and 75 facilities in supporting industries employ 75,000 workers and have the capacity to produce 300,000 cars and buses per year. The industry performed...