{"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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Chief Executive Officer Alain Beijani told Bloomberg Television that he\u2019s not concerned about inflation, saying that while Egypt is going through \u201cdifficult times,\u201d the nation has a lot to offer. The country is now approaching the \u201cend of\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\/2017\/3\/1173.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":630473,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/22\/maf-elsewedy-sign-agreement-to-construct-supply-ministrys-logistics-zones\/","url_meta":{"origin":572005,"position":5},"title":"MAF, Elsewedy sign agreement to construct Supply Ministry\u2019s logistics zones","author":"enterpriseam admin","date":"22 April 2018","format":false,"excerpt":"Majid Al Futtaim and Elsewedy Electric signed on Thursday an agreement with the Supply Ministry to establish several logistics zones, Al Mal reports. No details were provided on the value of the agreement or the expected construction timeline. The zones are at the heart of the ministry\u2019s internal trade strategy,\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"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}]}}