Egypt's CEOs discuss market conditions and economic trends

Before the onset of Covid-19, Egypt’s economy was among the strongest performers in the MENA region. Business leaders are largely confident that a number of sectors stand to benefit from positive fundamental changes brought about by the pandemic. The country’s CEOs have made it clear that the crisis could lead to structural benefits in the long term, such as increasing industrial activity, accelerating digitalisation and making firms more competitive. Demand for ICT and retail services has soared as the pandemic and resultant measures have accelerated a number of behavioural shifts, ranging from remote working to greater uptake of e-commerce. With its strong manufacturing base and strategic geographic location, Egypt has a lot to offer companies looking to diversify production outside of China. Meanwhile, the pandemic may result in positive long-term gains for the health sector, as it has highlighted the need for increased spending.