In 2020, when international arrivals and tourism operations were affected by the Covid-19 pandemic, there was a worry that the tourism industry would lose its post-2017 momentum. However, efforts have been made to maintain the upward trend. Indeed, public investment in the tourism sector and concerted marketing campaigns aimed at fuelling engagement laid the groundwork for a rebound. In May...
Egypt
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Chapter | Country Profile from The Report: Egypt 2022
Egypt was seen as a global centre of knowledge, science, and development throughout antiquity. Today, it stands in an economically advantageous location, straddling the Mediterranean and the Red seas, and at the confluence of Europe, Africa and Asia. The Suez Canal, completed in 1869, is one of the world’s busiest shipping lanes. Moreover, Egypt’s population is large and rapidly expanding, at...
Economic update | Focus Report: New cities and mega-projects are driving growth in Egypt
29 Jun 2022
During a time of heightened global macroeconomic uncertainty, progress on new cities and mega-projects has helped Egypt maintain positive economic growth during the pandemic.
Egypt’s universal health insurance and large national health campaigns have sought to deliver improved health outcomes and broader access to care. Although Covid-19 has affected overall economic activity, it has also catalysed innovation and growth in the health sector.
Architects, property developers and other key stakeholders in Egypt’s construction sector are increasingly embracing digitalisation as the country looks towards smart city solutions to solve its housing shortage.
Nations in the MENA region have been intensifying efforts to increase their food security, with Russia's invasion of Ukraine the most recent geopolitical event to underline the fragility of global supply chains, as well as the importance of agricultural self-sufficiency.