The Report: Egypt 2013

The Report: Egypt 2013

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The Arab worlda€™s second-largest economy, and its largest population, Egypt has endured more than three years of political and economic turbulence which have slowed its performance, but its long-term fundamentals remain strong. Egypt has been through a turbulent time, but still manages to churn out headline growth higher than the Eurozone. Still, an economy that was growing at a rate of 7% has given way to a more modest GDP expansion of 2.2% in the 2011/12 fiscal year, following the ousting of Mubarak, while foreign direct investment fell by two-thirds over the same period. The figures are likely to remain subdued in the near term but there have been some improvements in cyclical performance, particularly with the countrya€™s capital markets, as 2012 saw Egypta€™s exchange grow by 51% year-on-year. More importantly, the country still benefits from significant competitive advantages, including a strong trade profile, a large private sector, a sizable manufacturing base and favourable demographics.... up with inflation, and are often incredibly low, building managers are typically unwilling to invest in repairs and maintenance. ... According to Aqarmap, a local real estate consultancy, the majority of current demand is for suburban residential ... This helps make things more affordable for the buyer, as they can schedule payment over a number of years, while for the ... Office stock in Cairo, 2010-14 ( 000 sq metres) 1000 600 680 760 840 920 2012 2011 2010 Builders have recentlyanbsp;...

Title:The Report: Egypt 2013
Author:Oxford Business Group
Publisher:Oxford Business Group - 2013-11-13


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