Egypt has “golden opportunity” to be a manufacturing hub: Khaled Saba
The Egyptian market is provided with a “golden opportunity” to transform into a global manufacturing hub through attracting intermediate industries that serve the global supply chains through the Suez Canal economic zone, according to Khaled Saba Senior Country Advisor at Mediterrania Capital Partners.
He told Amwal Al Ghad that it is highly expected that the companies move their production from China to other places while searching for other manufactrioring centres.
He also noted that coronavirus pandemic crisis has negatively impacted on the economies around the globe yet the Egyptian market has all the capabilities to limit this effect, upon the expectations of the International Monetary Fund for Egypt to achieve the highest rate of growth in the region up to 2 percent.
Mediterrania Capital Partners has recently announced that it reached a €286 million ($317.3 million) final closing for its third fund for Africa, Mediterrania Capital III (MC III).