Back to the complete issue
Thursday, 28 September 2017

Egypt climbs 15 places on WEF’s GCI

15-place improvement for Egypt on Global Competitiveness Index: Egypt ranks 100th out of 137 countries on the World Economic Forum (WEF)’s Global Competitiveness Index (GCI), an improvement from last year’s report that had it in 115th place. The most problematic factors for doing business in Egypt continue to be policy instability, inflation, corruption, government bureaucracy, and inadequately educated workforce. Most of the underlying indices making up Egypt’s GCI reading show an upward trajectory. An exception to that is the macroeconomic environment, which trended downwards because of a severe drop in gross national savings to GDP as well as inflation. Digging through the indicators, we find the drop in the trend of the availability of scientists and engineers a concern. On the flipside, public institutions and infrastructure development are showing clear improvement. Compared to MENA, Egypt has a significantly larger market size, but is far below the region’s average in terms of technological readiness and the macroeconomic environment. You can browse the entire GCI here, or download the Egypt report (pdf).

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.