Exploring the Retail Market in Egypt reveals it as one of the Middle East's largest and most dynamic sectors. With a population exceeding 86 million, Egypt stands as a profoundly lucrative market, particularly in retail. The youth population and its continuous exposure to social media is driving the economy; they are educated, open minded and technologically savvy. The obvious social shift has a significantly positive effect on Egypt’s economy. Social changes besides to the emergence of a more financially-comfortable middle class have caused intense shopping behavior. Moreover, “by 2018, more than 72% of households are expected to be in this middle-income bracket”, which represents the key demographic for increased future household spending (Invest in Egypt) (more…)
In light of Warren Buffet's advice, 'Be fearful when others are greedy and greedy when others are fearful,' now is the prime time to invest in Egypt. As Infomineo sought a location for its second African office, Egypt emerged as a strategic choice, showcasing the country's resilience and potential for business growth Arguably, Egypt has weathered the storm relatively peacefully compared to neighboring geographies, showing that the country has some solid stability pillars that are hard to shake. (more…)
On February 2012, The Saudi ministry of Commerce and Industry announced an export ban on cement and clinker in order to meet local demand and contribute to price stability in the Kingdom. The only exception was Bahrain, whose market will still benefit from Saudi cement inflow up to 25,000 bags/ week. (more…)
118 million liters, it is the volume of alcohol consumed in Morocco in 2011, according to the IWSR (International Wine & Spirit Research). Beer holds the first place with 68.3% (80.7 million liters) of total consumption, followed by wine accounting for 27.2% (32.1 million liters), and spirits for 4.5% with a volume of almost 5.3 million liters. Despite the global economic downturn which impacted both local consumption and tourists’ spending, the sharp tax increases in 2010, and the introduction of compulsory security markings (SPICA), the Moroccan Alcohol market grew by 0.5% compared to 2010, where nearly 117.5 million liters were consumed. (more…)
