Digital transformation, emerging technologies such as artificial intelligence (AI), and the growing reliance of individuals and corporations on cloud-based services are defining this era of human history. “Gen Z [born from 1995 to 2010] are true digital natives,” McKinsey said in a note. “From earliest youth, they have been exposed to the internet, to social networks, and to mobile systems.” Coping with this global transformation requires more and increasingly sophisticated physical facilities to store and process data for reuse in other applications. “Data centers are becoming the backbone of the digital economy, supporting everything from AI workloads to real-time analytics…
Author: Tamer Hafez
In October, Goldman Sachs forecast that Egypt’s economy would become one of the 10 largest in the world by 2075, reaching $10.4 trillion. By the end of 2025, Egypt ranked 38th globally, with a near-$400 billion economy. To achieve this forecast, the government needs to prepare tomorrow’s workforce for whatever comes next, whether it’s emerging technologies, shifting work trends, or unforeseen developments. That starts with accelerating fundamental reforms to Egypt’s education system. Such changes should reflect Gen Alpha’s (aged 1 to 15 in 2025) rapidly changing, technology-dominated reality. In May, AmCham Egypt’s first Education Conference highlighted the Ministry of Education’s…
Ongoing volatility in the GCC region has prompted companies in those markets to scale back and seek more stable nearby destinations. Egypt’s Red Sea region isn’t their only option. One reality governments must deal with is “investors don’t like uncertainty,” said the late Kenneth Lay, founder, CEO and chairman of Enron, a major global energy company. The war in Iran is perhaps the biggest regional wake-up call for businesses in the GCC. Almost two weeks into the war, Oxford Economics downgraded its GCC GDP growth forecast for this calendar year from 4.4% to 2.6% “due to lower production, exports, tourism…
Egypt aims to increase food exports to GCC nations. For this to happen, the government needs to expand its seaports, logistics, and road network to reach Gulf markets. For Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain and Oman, Iran’s decision to selectively block freight from crossing the Strait of Hormuz is not only hurting their oil exports but, more importantly, food imports. The World Economic Forum (WEF) estimates “the GCC imports 85% of its food.” Neil Quilliam, associate fellow at Chatham House think tank, noted “over 70% of [these] GCC foodstuffs [are] imported through the Strait of Hormuz.” Meanwhile, Transport…
The Red Sea, Eastern Desert, and Sinai are attractive yet underutilized investment destinations. Protecting their ecosystems is essential to their continued appeal. In a nutshell, the Egypt Vision 2030 strategy, launched in 2015, aims to “balance and diversify” the country’s economy, promote “innovation and knowledge,” ensure social justice, and protect the environment. The Red Sea coastline, Sinai, and Eastern Desert are crucial to realizing this strategy. However, the government needs to be careful about which investments it attracts, as these regions are environmentally sensitive. According to the UNDP, “the Red Sea hosts more than 1,000 species of fish and…
In his book “Outliers: The Story of Success,” Malcolm Gladwell points out that people who achieve remarkable accomplishments “follow a particular and unexpected logic.” One story that continues to inspire is of a “brilliant immigrant kid who overcomes poverty and the depression, can’t get a job at the stuffy downtown law firms, and makes it on his own through sheer hustle and ability,” Malcolm Gladwell says in “Outliers: The Story of Success.” “Successful people don’t do it alone. Where they come from matters. They’re products of particular places and environments,” the book says. “We do owe something to…
For decades, the Gulf Cooperation Council (GCC) has been a major investment hub for companies seeking access to Asia, Europe, and Africa. “The smart money is going into the GCC,” Mohamed Yakout, senior analyst at Scope Markets, a trading solutions provider, said in November. “The Gulf is becoming one of the world’s most compelling investment theaters.” However, the ongoing Middle East conflict that began in February is changing that perception, especially after Iran blocked nearly all freight through the Hormuz Strait, which handles 20% of the world’s oil exports and most of the GCC’s imports, including food and water. One…
Iran’s partial blockage of the Strait of Hormuz, through which 20% of global oil supplies pass, to gain leverage in the ongoing war with Iran, has driven global Brent oil prices up nearly 80% per barrel to a four-year high. In response, the United States, the world’s largest oil producer and importer, and third-largest exporter as of 2026, according to data aggregator World Population Review, is taking actions (and floating radical ideas) to stabilize, if not reduce, oil prices. For developing countries that are net oil importers, the effectiveness of these efforts will be crucial to their respective budget plans…
For decades, local and foreign investors have faced two major issues — corruption and bureaucracy. In December 2025, Transparency International, an NGO, ranked Egypt 130th out of 180 countries, down from 94 in 2014. In March, the World Bank report measuring “Government Effectiveness: Percentile Rank” placed the country in the top 42% of nations, down from the top 25% in 2014. The government has long-term plans to address these problems. It is currently in the third phase of the National Anti-Corruption Strategy (2023-2030) and is accelerating the digitization of its services and payments to bypass existing bureaucratic barriers. In December…
In the past 16 months, “seismic changes have moved the world,” said the “Where to Invest in Africa 2025/26” report by RMB. The main factor influencing investment prospects across the continent is “the change in U.S. trade policy,” the report said. “Record-high reciprocal tariffs across many economies are transforming global trade in a way that will potentially outlast the current U.S. administration. This is not business as usual.” For Egyptian companies planning to invest in Africa, understanding which nations have the greatest potential and the least business, geopolitical and geoeconomic risks is crucial for success. Aid, politics,…