Egypt’s industry and manufacturing sector, which accounts for around 15% of total GDP, plays a prominent role in the country’s economic development agenda, which emphasises innovation, sustainability and enhanced ties with the African continent. Indeed, scaling up investment in manufacturing is a policy priority as the country accelerates industrialisation and shifts from low-value-added to high-value-added, technology-intensive manufacturing segments. Structure & Oversight The Ministry…
Industry & Retail
From The Report: Egypt 2022
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Egypt has made some progress in improving industrial development, but the government is working to focus on specialisation in certain segments – particularly textiles and pharmaceuticals. Indeed, scaling up investment in manufacturing is a policy priority, as the country’s value-added growth in this sector has been sluggish compared to other emerging economies. Namely, the country aims to accelerate industrialisation and shift from low-value-added to high-value-added, technology-intensive manufacturing segments. Nonetheless, despite Covid-19 pandemic-induced economic headwinds, the Egyptian retail sector has made significant progress in recent years, particularly in food retail and e-commerce. These segments saw rapid growth due to lockdowns and rising internet penetration rates. In FY 2019/20 and FY 2020/21 the private sector’s share of total investment in the retail and wholesale sectors amounted to 95% of the total, at $9.5bn and $7.4bn, respectively.