With more than 1.4m people directly employed by the sector and 4m indirectly, tourism is a key income generator for the nation. In 2010 the sector accounted for 12% of GDP and brought in an estimated $12.5bn. Russia accounts for the most visitors to Egypt, with a total of 1.8m visitors travelling to the country in 2011. Another promising source market is the Gulf, whence an increasing number of...
Egypt
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Industrial activity remains an economic mainstay in Egypt, with well-established sectors such as textiles, food processing, consumer staples and automotive assembly. Although 35% of industrial producers suffered significant setbacks in 2011 following the political upheaval, the consumer staples segment fared well throughout the year, and even experienced growth.
The shift to modern retailing...
The government has invited the Japan International Cooperation Agency to come up with a new master plan for the transport sector. Urban transport, railways and inland waterways have been identified as key areas of improvement. Efforts are under way to upgrade Egypt’s 6700-km rail network. In 2010 the World Bank announced a $330m loan to support the National Railways Restructuring Project, a plan...
Insurance penetration is comparatively limited and is estimated to range between 0.7% and 1.2%. The sector has a combined total of 29 firms in life and non-life, with an asset base of roughly $6.71bn. Non-life policies have shown steady growth in recent years, rising from $870m in the 2009/10 fiscal year to $954m in the 2010/11 fiscal year. Motor insurance is compulsory and represents the...
Chapter | Capital Markets from The Report: Egypt 2012
Egypt has a vibrant capital market, with 212 listed companies on the Egyptian Exchange, alongside a primary and secondary bond market with 60 listed bonds, and a dedicated small-cap market for small and medium-sized enterprises, the Nilex, with 20 listings. Four indices track the performance of the domestic market, but the political unrest of 2011 led to declines in all of them by the end of the...
Egypt is the second-largest economy in the Arab World, with a GDP in excess of $229bn and a domestic market of 85m people. However, its performance over the past year has been turbulent, thanks to the significant political transformation the country has undergone. The complicated process has had broad macroeconomic consequences for Egypt, reducing capital inflows by roughly 75% in 2011 and...