News

Egypt Among ’10 Emerging Markets of the Future’

Egypt Among ’10 Emerging Markets of the Future’

cairoskye

A new report has identified Egypt as one of the ’10 emerging markets of the future.’

According to the World Economic Fourm’s website, a report from BMI research reveals that Egypt and nine other countries will cumulatively add USD 4.3 trillion to global GDP by 2025, becoming new drivers of economic growth.

Along with Egypt, BMI’s report reveals other emerging markets include Bangladesh, Ethiopia, Indonesia, Kenya, Myanmar, Nigeria, Pakistan, Philippines, and Vietnam.

In Egypt, BMI expects investment across the housing, manufacturing, and food sectors.

“We expect continued investment across the housing sector in Egypt, given the almost 1 million additional urban residents per year that we forecast over the next 10 years. There will be some investment in Egypt’s large manufacturing export base in a continuation of recent investment in the autos and food sectors,” says the research about Egypt, according to the WEF.

The report comes amid a struggling economy in Egypt, which has taken many blows since the January 25 revolution in 2011 that saw the ouster of former President Hosni Mubarak.

In particular, Egypt has been struggling to regain its rapidly depleting foreign currency reserves. In the five years since, Egypt’s foreign reserves have gone down more than 50 percent, from USD 36 billion to USD 17.546 billion as of June 2016.

However, this has not stopped a series of new and large investments in Egypt, primarily in the energy and housing sectors.

Solar-Powered Plane Lands in Cairo in Flight Around the World
Ministry of Culture to Boost Funds for Egyptian Films in Bid to Encourage Local Production

Subscribe to our newsletter


News

More in News

Egypt Appeals Court Releases Mubarak Sons, Dismisses Judge

Egyptian StreetsSeptember 22, 2018

EU Looks to Egypt for Help With Mediterranean Migration

Mirna AbdulaalSeptember 21, 2018

Egypt to Receive 56,000 Tank rounds as Part of $99 Mn Arms Deal with US

Taha Mahmoud SakrSeptember 19, 2018

Egypt Planning to Establish Anti-Cancer Drug Factory

Mirna AbdulaalSeptember 18, 2018

Sandstone Sphinx Statue Discovered in Kom Ombo

Sara AhmedSeptember 16, 2018

UN Adopts Egyptian Resolution On Preventing Sexual Abuse

Mirna AbdulaalSeptember 16, 2018

Egypt Seeks to Penalize Water Misuse

Sara AhmedSeptember 16, 2018

Egypt Court Orders Arrest of Alaa, Gamal Mubarak

Egyptian StreetsSeptember 15, 2018
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.