New Market Research Report: Egypt Retail Report Q3 2016

Being the largest and still developing market in the Middle East and North Africa region, Egypt offers attractive opportunities for investors in the retail sector. However, despite its vast potential, growth will remain below its full potential, suffering from the protracted slump in the tourism sector as well as elevated unemployment and inflation levels. Moreover, the ongoing subsidy reform in the energy sector and gradual currency devaluation will be additional factors weighing on consumer spending in the near term.

Key Views & Developments

Supported by rapidly growing population, the headline household spending is forecast to expand robustly over the coming five years, averaging 6.3% per annum between 2016 and 2020. That said, elevated inflation rates, fluctuating between 9% and 11% during the period, will suppress the household purchasing power.

Full Report Details at
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Food and non-alcoholic drinks spending continues to dominate the household budgets, accounting for a forecast 35.6% of the total expenditure in 2016. While we expect this figure to decline gradually over the coming five years, food and non-alcoholic drinks expenditure will continue to dominate the household spending.

In March 2016, France-based telecommunications company Orange entered the Egyptian market by taking over Mobinil brand.

Egyptian tourism sector is experiencing a sharp decline. According to the country's Ministry of Tourism, total international arrivals shrank by 1mn (year-on-year) to 1.2mn in Q1 2016, while the tourism receipts amounted to just USD500mn, down from USD1.5bn during the same period last year.

In April 2016, UAE-based shopping centre developer Majid Al Futtaim Group announced it will open its flagship Mall of Egypt in Cairo in September 2016.

The Egypt Retail Report has been researched at source and features BMI Research's independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.

BMI's Egypt Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.

Key Benefits
Benchmark BMI's independent retail industry forecasts for Egypt to test other views - a key input for successful budgeting and strategic business planning in the Egyptian retail market.
Target business opportunities and risks in Egypt through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.

Coverage

BMI Industry View

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