With a growing population of more than 80mn, Egypt represents one of the largest markets in the region, agriculture contributes to around 13% of Egypt’s GDP in 2012/2013.
Egypt remains the world’s largest wheat importer, and moderating global prices will help to decrease pressure on the country’s fiscal situation and on local inflation. In line with this, Egypt ramped up wheat imports at the end of 2013 as prices moderated sharply and as Russia, whichtraditionally supplies the country at very competitive prices, returned to export markets, thelifting of the three-year ban on rice exports as providing a boost to the local industry. The sugar industry is benefiting from a tight local market and higher domestic prices
- Financial Services:
The Financial Sector became the anchor of economic growth and poverty reduction in Egypt, it is one of the oldest and most-established in the Middle East and one of the best-developed in the region, thanks to an industrious private sector and key regulatory reforms. T oday, t he nation” s banks, brokerages, investment banks and private equity houses are among the most vibrant in the MENA region, attracting foreign investment from major local and international names while launching their own ambitious regional expansion plans