Second OBG Business Barometer: Survey of CEOs in Egypt published

Cairo: The second edition of the Business Barometer: Egypt CEO Survey of the global publishing, research and consulting company Oxford Business Group (OBG), conducted in partnership with Tatweer Misr, was launched on 3 July at the Conrad Cairo hotel. 19659002] Placed under the banner "Key Findings of the OBG Barometer: Egypt CEO Survey", the event allowed the Group's team to share its findings with an audience of dignitaries, VIPs, public sector representatives and private, and

Ahmed Shalaby, general manager and general manager of Tatweer Misr, delivered a speech on several current topics, ranging from investor sentiment to business expectations, after which Souhir Mzali, regional editor of OBG for Africa, presented the findings of the group

As part of its investigation, OBG interviewed 136 senior executives from across Egyptian industries on a wide range of issues across the board. -to-face. med to evaluate the sentiment of the companies. The results are now available to see in full on the OBG writers blog at: https://oxfordbusinessgroup.com/blog/souhir-mzali/obg-business-barometer/how-do-egypt%E2%80 % 99s-ceos-view-currency-flotation-one-year

OBG found that the vast majority of respondents were optimistic about the outlook for the coming months. Of those surveyed, 91% rated their expectations as local business conditions over the next 12 months as positive or very positive, compared to 79% in OBG's first survey on Egypt, released in early 2017.

Nearly three-quarters (73%) were equally optimistic about the impact that the decision to float on the Egyptian pound in November 2016 would have on the business landscape in the near term.

A similar proportion (70%) of business leaders were also GDP growth forecasts are optimistic, indicating to the OBG that it foresaw a growth of the local economy between 3% and 5% in 2018, slightly lower than the 5.2% projection made by the IMF.

The business climate in Egypt is growing, with 70% of respondents describing the current tax environment as either competitive or very competitive globally.

While confidence is high among business leaders, regional unrest remains a major concern. Nearly two-thirds (65%) consider the increased instability in neighboring countries as the main external risk of growth in the short and medium term, well before the rise in oil prices (17.2%).

OBG also asked business leaders According to the IMF, the youth unemployment rate was 33.1% in 2017. Just over half (54%) of respondents indicated that was the skill that they considered the most important. Souhir Mzali, regional editor of OBG for Africa, commented on the results of his latest blog, Soumir Mzali. suggested that the general trend of improving public finances, reducing the size of the state and improving the business environment was now yielding results.

"Egypt has seen a myriad of changes since 2014. ive and regulatory reforms to restore the economic order," she said. "Overall, the efforts to put the economy back on a more secure footing finally seem to be paying off, and trust among the business community seems to be back in full force. "

Mzali notes however that if Egyptian reforms take place, 39, positioned for continued economic expansion, a number of urgent challenges still needed to be resolved, including the country's high unemployment rates, which would require more long-term attention in the form of "creation of economic opportunities".

The results can be found on the OBG editor's blog,
entitled "Next Frontier." The four regional OBG editors use the platform to share their expert badysis of the latest d developments in the 30+ high-growth markets covered by the company's research.

Ahmed Shalaby said that the results of the survey showed that the CEOs had recognized the role that ambitious reforms were playing in helping Egypt to revive the interest of investors to attack the difficulties she was encountering.

"There is no doubt presented the Egyptian economy with a host of dynamic challenges." "However, with the current and effective presence of our reform agenda, the country's economic growth is steadily recovered and started climbing again, especially in the real estate sector, which experienced strong growth due to expected increase in foreign and local demand, "said Shalaby.

The OBG Business Barometer: CEO Surveys is part of the Group's broad portfolio of research tools, with full results from the Egypt survey available online and in print, and similar studies are also underway on the other markets in which OBG operates

About the OBG Business Barometer
OBG Business Barometer: Egypt CEO Survey Copyright (c) .All rights reserved
This survey was designed to evaluate oral business leaders (CEOs or equivalent) and their prospects for the next 12 months. Unlike many surveys, the OBG Barometer is conducted by OBG staff face-to-face, across the entire spectrum of industries, company sizes, and functional specialties. The results are anonymous.

OBG Business Barometer is based on data from businesses with incomes in the following parameters, among others:

• 77% of respondents were private
• 51% of respondents were international
• 27% of the companies surveyed were local
• 16% of the companies surveyed were regional

The data generated make it possible to badyze the feeling within the same country, as well as in other countries. at the regional and global level. In addition, comparisons can be made between individual countries and between regions. The results are presented statistically in infographics and discussed in articles written by OBG editors

OBG provides this survey, infographic, and accompanying badysis of sources considered reliable, for informational purposes only .

OBG disclaims all liability, whether financial or otherwise, to any person or organization that uses it. For more information on the content of the survey, please contact Souhir Mzali, Regional Editor of OBG for Africa, at: [email protected].

If you would like to reproduce an item from this survey, including infographics and badysis, please contact [email protected].

Any unauthorized reproduction will be considered a violation of the author's right. For more details on OBG and how to subscribe to our highly acclaimed commercial information publication, please visit www.oxfordbusinessgroup.com.

About Oxford Business Group
Oxford Business Group is an international consulting and research company present in more than 30 countries, Africa, Middle East and Africa. 39, Asia in the Americas. OBG has offices in London, Berlin, Dubai and Istanbul, as well as a network of local offices in the countries where we operate.

Through its product range, OBG offers a comprehensive and accurate badysis of macroeconomic and sectoral developments, including banks, capital markets, tourism, energy, transport, industry and ICTs. OBG provides business information to its subscribers across multiple platforms: Economic News and Views, OBG Barometer – CEO Survey, Roundtables and Conferences, Global Platform – Exclusive Video Interviews, Report Publications and its Consultancy Division. 19459009 Click here to subscribe to the latest Oxford Business Group content: About Tatweer Misr
Created in 2014, Tatweer Misr is a leading Egyptian property development company. It is a vertically integrated business model with various areas of development, including residential units ranging from private villas to apartments, recreational facilities like their unique mountain park in its own right. kind. In addition to a diversity of supporting infrastructure such as a college, schools, business parks, hotels and public services. Currently, they have three projects at various stages of development and planning, including their award-winning flagship project "IL Monte Galala" built on approximately 545 acres; "Fouka Bay" in the north coast built on about 250 acres; their latest project "Bloomfields"; a first-mixed-use home project in the city of Mostakbal covering 325 acres and their entrepreneurial college built on 90 acres in the same area. For more information visit: www.taweermisr.com