Unsurprisingly, given its comparative advantages as a manufacturing hub and its sizeable consumer market, Egypt is the third-largest car manufacturing country in Africa, after South Africa and Morocco, according to the International Organisation of Motor Vehicle Manufacturers (OICA). The automotive manufacturing sector has a range of major international brands present, as well...
Egypt Industry
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Articles & Analysis | Producers of fast-moving consumer goods are benefitting from rising demand in the country and the wider region from The Report: Egypt 2014
With a population of close to 90m, Egypt is the biggest consumer market in the MENA region and one of the largest emerging markets in the world. While average incomes are still fairly low – Egypt’s GDP per capita, according to the World Bank, reached $3314 in 2013 – the country presents a huge opportunity for manufacturers of fast-moving consumer goods (FMCGs). FMCGs encompass...
Articles & Analysis | Although the short-term outlook is challenging, investment is planned to meet future demand for steel from The Report: Egypt 2014
Heavy industry has been one of Egypt’s traditional stalwart sectors, with a lineage dating back decades and several large capacity facilities, and nowhere is this more evident than in steel. Egypt produced 6.8m tonnes of steel in 2013, up from 6.6m tonnes in 2012 and 6.5m tonnes in 2011, and nudging it up to the word’s 23rd biggest steel producer, from 24th and overtaking the...
Articles & Analysis | The sector is recovering thanks to a more favourable economic climate from The Report: Egypt 2014
The most populous country in the MENA region has not only its second-biggest economy, but also one of its most diversified. 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. The sector was affected by the difficult post-revolution years, which slowed domestic market demand...
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...