Back to the complete issue
Thursday, 18 October 2018

Egypt ranks 94 out of 140 on WEF’s Global Competitiveness Index

** #2 Egypt ranked 94th out of 140 countries on the World Economic Forum’s Global Competitiveness Index.

Where we’ve improved: Egypt’s innovation capability improved slightly from last year’s reading, as did the efficiency of the country’s legal framework in settling disputes, while the cost of starting a business has declined. Although we continue to lag behind the remainder of the MENA region on ICT adoption, Egypt’s score on that indicator improved from last year. Egypt also has a significantly larger market size than the regional average.

Where we haven’t: Egypt fared worst in terms of macroeconomic stability — which trended downwards largely due to inflation — the skill level of its labor market, female participation in the workforce, and the general attitude toward entrepreneurial risk. The report also points to corruption and the burden of government regulation as factors bogging down business in Egypt and two areas where we are apparently faring worse than last year.

Want more? You can look through the entire GCI here or download the Egypt-specific indicators (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.