The Arab World Economic Forums
Tuesday 26 June 2018
Major macroeconomic issues, Egyptian megaprojects, urban development challenges, the development of renewable energy sources ... . Prominent participants spent an entire day analysing the many complex issues affecting the fast-changing Egyptian economy.
This special edition of the Economic Forums was part of the major Egyptian season organised by the AWI (IMA) around the exhibition ‘L'épopée du canal de Suez, des pharaons au XXIe siècle’ (‘The Saga of the Suez Canal: from the Pharaohs to the Twenty-First Century’).
Over the last four years, the Egyptian economy has been marked by extensive administrative reforms aimed at making the country more attractive for foreign investors. Many budgetary reforms, tax incentives, and other strategies in Egypt’s 2030 Vision for Sustainable Development focus on promoting the priority regions and sectors. Although they need to be continued in order to ensure sustained economic growth in Egypt, these initiatives are already having a positive impact on foreign direct investment (FDI) and the business climate. This round table endeavoured to analyse the key sectors and the promising business opportunities in the fast-changing Egyptian economy, and its characteristics.
Chaired by: Karim Refaat, CEO, N Gage Consulting
Egypt’s population growth requires a continuous effort to adapt the infrastructure, housing offer, education, and healthcare to meet a growing demand. Egyptian towns and cities need to meet this challenge, while integrating the modern requirements of smart, sustainable, and inclusive urban development into their strategies. More than just urban rearrangement, there is a real need for a debate on local governance, in order to transform these areas of stagnation, hampered by youth unemployment, into areas of wealth creation and employment.
Chaired by: Malick Diawara, Editorial Manager, Le Point Afrique
Chaired by: Amal Nader, journalist, Monte Carlo Doualiya
Traditionally oriented towards fossil fuel resources, the energy sector in Egypt has experienced a profound shift over the past few years, initiated by the Egyptian government’s 2030 Vision for Sustainable Development. The development of renewable energy sources, in close collaboration with foreign partners and investors, is now a priority. There are therefore many opportunities for French companies, whose expertise in new sources of energy is widely recognised.
Chaired by: Myriam Mascarello, economic journalist, France 24