{"id":572005,"date":"2020-06-08T04:23:50","date_gmt":"2020-06-08T04:23:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/08\/how-does-the-egyptian-economy-achieve-escape-velocity-from-the-covid-19-downturn\/"},"modified":"2020-06-08T04:23:50","modified_gmt":"2020-06-08T04:23:50","slug":"how-does-the-egyptian-economy-achieve-escape-velocity-from-the-covid-19-downturn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/08\/how-does-the-egyptian-economy-achieve-escape-velocity-from-the-covid-19-downturn\/","title":{"rendered":"How does the Egyptian economy achieve escape velocity from the covid-19 downturn?"},"content":{"rendered":"

<\/a> How does the Egyptian economy achieve escape velocity from the covid-19 <\/strong>downturn?<\/strong> The answer lies in the \u201cstrategic monetization\u201d of public infrastructure, reorienting supply chains and capitalizing on business process outsourcing, Ahmed Galal Ismail, CEO of Majid Al Futtaim Properties, writes for the World Economic Forum<\/a>. The government should focus on bringing into the fold infrastructure investors who have expertise in turnaround situations and steady value creation, and help pass on critical infrastructure projects (such as upgrading the power grid and improving water sanitation) to the private sector, thereby lowering government spending.<\/p>\n

Responding to deglobalization trends:<\/strong> Egypt should look to develop local supply chains and work with Chinese firms to strengthen distribution networks and upgrade manufacturing capacity, Ismail says. Lessening dependence on increasingly fragile global supply chains will allow the government to develop local agriculture and integrate new technologies. On top of this, Egypt should exploit its warm ties with Chinese firms and use them to build stronger regional supply chains.<\/p>\n

Capitalizing on demographics:<\/strong> The country\u2019s young, educated population is also a key asset Egypt can use to market itself as an attractive business process outsourcing (BPO) destination for multinationals. With 500k graduates every year and one of the largest IT workforces in the world, Egypt is well-placed to attract new foreign investment in outsourcing, Ismail writes.<\/p>\n","protected":false},"excerpt":{"rendered":"

How does the Egyptian economy achieve escape velocity from the covid-19 downturn? The answer lies in the \u201cstrategic monetization\u201d of public infrastructure, reorienting supply chains and capitalizing on business process outsourcing, Ahmed Galal Ismail, CEO of Majid Al Futtaim Properties, writes for the World Economic Forum. The government should focus on bringing into the fold […]<\/p>\n","protected":false},"author":1,"featured_media":572006,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9272],"tags":[97,116,107,4336,104,72,7111,125,1896,2053,527,370,239,1510,436],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-macro-picture","tag-agriculture","tag-china","tag-covid-19","tag-deglobalization","tag-economy","tag-enterpriseam","tag-infrastructure","tag-investment-watch","tag-majid-al-futtaim","tag-outsourcing","tag-pandemic","tag-sovereign-fund-of-egypt","tag-supply-chain","tag-the-macro-picture","tag-world-economic-forum","wpautop","entry"],"acf":{"mongo_id":"596830d0-ce44-4606-bf6e-428d5a4ecda7","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/6\/84.jpg","photo_position":"above","related_issue":[571984],"teaser":"","voice_url":""},"yoast_head":"\nHow does the Egyptian economy achieve escape velocity from the covid-19 downturn? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/08\/how-does-the-egyptian-economy-achieve-escape-velocity-from-the-covid-19-downturn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How does the Egyptian economy achieve escape velocity from the covid-19 downturn?\" \/>\n<meta property=\"og:description\" content=\"How does the Egyptian economy achieve escape velocity from the covid-19 downturn? 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The government should focus on bringing into the fold […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/08\/how-does-the-egyptian-economy-achieve-escape-velocity-from-the-covid-19-downturn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-08T04:23:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/84.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/08\/how-does-the-egyptian-economy-achieve-escape-velocity-from-the-covid-19-downturn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/08\/how-does-the-egyptian-economy-achieve-escape-velocity-from-the-covid-19-downturn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"How does the Egyptian economy achieve escape velocity from the covid-19 downturn?\",\"datePublished\":\"2020-06-08T04:23:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/08\/how-does-the-egyptian-economy-achieve-escape-velocity-from-the-covid-19-downturn\/\"},\"wordCount\":230,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/08\/how-does-the-egyptian-economy-achieve-escape-velocity-from-the-covid-19-downturn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/84.jpg?fit=%2C&ssl=1\",\"keywords\":[\"agriculture\",\"China\",\"covid-19\",\"deglobalization\",\"economy\",\"EnterpriseAM\",\"infrastructure\",\"investment watch\",\"Majid Al Futtaim\",\"outsourcing\",\"pandemic\",\"Sovereign Fund of Egypt\",\"supply chain\",\"THE MACRO PICTURE\",\"World Economic Forum\"],\"articleSection\":[\"THE MACRO PICTURE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/08\/how-does-the-egyptian-economy-achieve-escape-velocity-from-the-covid-19-downturn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/08\/how-does-the-egyptian-economy-achieve-escape-velocity-from-the-covid-19-downturn\/\",\"name\":\"How does the Egyptian economy achieve escape velocity from the covid-19 downturn? 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Over the past weeks, the company has shut its leisure, entertainment, and cinema venues to curb\u2026","rel":"","context":"In "Spotlight"","block_context":{"text":"Spotlight","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/spotlight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/17.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":671114,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/01\/majid-al-futtaim-earmarks-egp-1-9-bn-in-investments-for-the-local-market-this-year\/","url_meta":{"origin":572005,"position":3},"title":"Majid Al Futtaim earmarks EGP 1.9 bn in investments for the local market this year","author":"enterpriseam admin","date":"1 September 2025","format":false,"excerpt":"The company plans to expand its retail footprint in Egypt by 2030 to 400 stores","rel":"","context":"In "RETAIL"","block_context":{"text":"RETAIL","link":"https:\/\/enterpriseam.com\/egypt\/category\/retail\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/9\/16.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":636019,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/19\/majid-al-futtaim-to-increase-investments-in-egypt-to-egp-23-bn-by-2020\/","url_meta":{"origin":572005,"position":4},"title":"Majid Al Futtaim to increase investments in Egypt to EGP 23 bn by 2020","author":"enterpriseam admin","date":"19 December 2017","format":false,"excerpt":"INVESTMENT WATCH- Majid Al Futtaim plans to increase its investments in Egypt to EGP 23 bn by 2020, according to Al Mal. The company\u2019s priority for 2018 is getting more retailers to open shop at Mall of Egypt. The company will also be working towards completing the 300-store City Centre\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574172,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/01\/carrefour-egypt-to-open-nine-new-stores-this-year\/","url_meta":{"origin":572005,"position":5},"title":"Carrefour Egypt to open nine new stores this year","author":"enterpriseam admin","date":"1 September 2020","format":false,"excerpt":"INVESTMENT WATCH- Carrefour Egypt to open nine new locations at a cost of EGP 200 mn this year: Majid Al Futtaim (MAF)-owned supermarket chain Carrefour Egypt is spending EGP 200 mn to open nine new stores in Cairo and Alexandria before the end of the year, the chain\u2019s Egypt country\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/572005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=572005"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/572005\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/571984"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/572006"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=572005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=572005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=572005"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=572005"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=572005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}