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Egypt’s bid to enhance the private sector mapped out in OBG’s forthcoming report - Daily News Egypt

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Egypt’s bid to enhance the private sector mapped out in OBG’s forthcoming report

EBA signs new MoU with OBG to provide the latter with valuable additional resources to carry out their research

A new report by the global research and advisory firm Oxford Business Group (OBG) will explore Egypt’s efforts to receive investments for potential high growth sectors of the economy, after completing the country’s IMF-backed reform programme.

The Report: Egypt 2020 will consider the key role that higher inflows will play in driving future non-oil growth and creating new job opportunities in manufacturing, and services. It will take a detailed look at the steps taken to enhance the country’s business environment, in a bid to reduce bureaucracy and address inefficiencies.

With Egypt’s keenness to promote entrepreneurial activity, OBG’s report will document the initiatives implemented to support small and medium-sized enterprises, especially start-ups. Subscribers will also find coverage of the latest developments in the country’s push to make new growth more inclusive.

The Egyptian Businessmen’s Association (EBA) has signed a memorandum of understanding with OBG for its forthcoming report. Under the agreement, the EBA will provide OBG with valuable additional resources to carry out the research for the report, and other content will be available across its multiple platforms.

Mohamed Youssef, executive director at EBA, said that Egypt’s far-reaching reforms and improved macroeconomic indicators have set the scene for the private sector to play a bigger role in driving future growth.

Youssef added that business leaders want to feel confident that their decisions are being taken on firm foundations and in full knowledge of both opportunities and challenges that the economic environment presents.

“OBG is known to be a market leader when it comes to providing reliable, accurate information on emerging economies. We are delighted to be partnering once again and contributing to their important business intelligence on the Egyptian economy,” he noted.

Dana Carmen Agarbicean, OBG’s country director for Egypt said, “The ambitious reform programme has laid the groundwork for a new wave of investment at a time when Egypt is looking to boost inflows in less-developed sectors of the economy.”

Agarbicean added that The Report: Egypt 2020 will mark the culmination of more than 12 months of on-the-ground research by a team of analysts from OBG. It will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking, and other sectoral developments.

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