Efforts to boost industrial output, which were gathering momentum prior to Egypt’s political unrest of 2011, are more than an attempt to simply bolster GDP growth. A persistently high unemployment rate, which grew to 9% in 2010, according to Egypt’s Central Agency for Public Mobilisation and Statistics (CAPMAS), and reached 12.4% in 2011, has made...
Petrochemicals are a central feature of Egypt’s industrial strategy, making up about 3% of GDP. The sector first began to grow in the early 1950s, when ammonia was generated from surplus fuel from the country’s refineries. By 2010 the industry had grown to 86 companies, 15 of which operate in one of Egypt’s export-oriented free zones. Both the...
Given its pivotal location at the nexus of Africa and Asia, Egypt’s past is inextricably bound with transport. At this historical moment of transition in Egypt, all eyes are on the future and efforts are afoot to enhance transport’s role as a vital sector of the economy.
It took no less than 59 years and 16 months for Egyptians to finally exercise the right to freely elect a national leader. In that regard, the popular uprising of 2011 has already delivered more than the Free Officers’ coup of 1952. But with the roles of the military and the presidency still undefined, Egyptians must still wait to see if their...
When political turmoil hit in early 2011, the insurance sector was in a transitional state. Several reforms were in various stages of implementation, including overhauls to state medical and pension plans that could have a profound impact on insurers. For the long term, however, the sector remains rich in potential, thanks to a combination of...
Industrial activity remains an economic mainstay in Egypt, with well-established sectors such as textiles, food processing, consumer staples and automotive assembly. Egypt’s large population makes it an attractive market for manufactured goods given robust consumer demand, which is set to increase with the pace of expansion in the overall economy...
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