Egypt

With the $8bn expansion of the Suez Canal now complete, Egypt is looking to stimulate activity in the surrounding area, with the ICT sector one of the main focal points.

With economic growth steadily picking up, real estate developers in Egypt are looking to opportunities at opposite ends of the real estate spectrum, with a range of both affordable and luxury housing projects in the pipeline.

In a year marked by major acquisitions, Egypt’s food manufacturing industry is preparing for a round of new listings, as companies look to finance their expansion plans on the back of a more favourable outlook. 

Egypt’s chemicals and plastics sector is becoming an increasingly important contributor to industrial output and exports. With demand being driven by agriculture and fast-moving consumer goods (FMCG), the sector is likely to become an industrial heavyweight in the coming years.

The expansion of Egypt’s strategically vital Suez Canal, completed in early August, could be a significant step towards solidifying its position as a logistics and trade centre, leveraging its location astride major East-West shipping routes.

Recovering headline stability and new listings should both help to invigorate Egypt’s capital markets in the medium term, with investor appetite for assets across the region providing an additional boost.