With a market of 92m consumers and growing, Egypt is a natural fit for manufacturing industries. An estimated 1.2m Egyptians work in textiles, for example, and the plastics sector alone provides 500,000 jobs. Egypt is also home to energy-intensive industries such as cement, steel and petrochemicals manufacturing. As a result, the sector spans...
Egypt’s foreign exchange troubles throughout 2015-16 have sparked intense debate in the automotive industry, where the challenges have led to multiple reform proposals to shore up a troubled area of the country’s industrial production. Concerns peaked in April 2015, when Mercedes-Benz announced a partial exit, claiming it would continue to...
Though Egypt’s currency woes have filtered through the entire economy, the industrial sector was hit particularly hard in 2015-16. The weakness of the Egyptian pound had slowed the pace of new investment and led to plant shutdowns by foreign investors. With a shortage of US dollars, manufacturers have to source funds in the parallel market,...
With a market of 92m consumers and growing, Egypt is a natural fit for manufacturing industries. The sector spans a diverse range of activities, largely led by the private sector, that range from building materials and downstream processing, to long-running textile factories, as well as competitive food and fast-moving consumer goods segments. Yet the government hopes to further expand, and...
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