Egypt’s economic growth outlook remains favourable, but sustained reform implementation will be critical if the benefits are to trickle down to the average citizen.
Challenges include lower than average FDI, a private sector under pressure, high government debt and delayed privatisation.
Security challenges also remain, as poverty rates have soared, and unemployment remains high although it has started to decrease.
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Reforms showcase "Davos in the Desert"
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The kingdom has made significant progress on key areas of its Financial Sector Development Program, especially in terms of small- and medium-sized business financing, capital markets and housing.
As well as to its holy places, Saudi Arabia believes tourists will be attracted by new tourism mega projects, the loosening of visa restrictions and social liberalisation.
Saudi Arabia continues to present a favourable risk/reward trade-off, and we are looking to see how well the Future Investment Initiative convinces FDI to flow in meaningfully.
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