Dr. Ashraf Ibrahim, an economist, recently highlighted Egypt's big chance to reclaim its historic industrial role. He did this while previewing the first episode of his "Islamic Civilization Economy Series," which explores factory cities and industrial growth in Islamic civilization.
Ibrahim explained in a LinkedIn post that the phrase "Made in Egypt," which appeared in one of the episode's scenes, brought back memories of a time when Egypt was a leading industrial power, especially in textiles. Back then, the local market wasn't just consuming; it was manufacturing, exporting, and setting quality standards that competed globally.
He pointed out that Egypt still has the right ingredients to regain this role. First, its strategic geographic location connects three continents. Second, it has a young population ready to adapt to new technologies. Plus, there's a wealth of industrial experience in sectors like spinning and weaving, food industries, building materials, and pharmaceuticals.
In his analysis, Ibrahim noted that global economic shifts, especially the growing trend towards "nearshoring" (bringing supply chains closer), offer a real opportunity for Egypt. International companies are now looking for suppliers who are geographically closer and more flexible, given the challenges supply chains have faced in recent years. This trend could redraw the global manufacturing map.
He emphasized that the clothing and textile sector could be a key starting point for Egypt's return to the international industrial scene. This would require technological upgrades and a clear export strategy targeting European and regional markets.
He also highlighted the importance of the African market as a natural extension for Egyptian industry. He explained that Africa is a promising market where Egypt could become a manufacturing and export hub serving Africa, Europe, and the Middle East all at once.
Ibrahim stressed that bringing back the "Made in Egypt" status isn't just about the past. It's about having a clear vision and effective organization that connects industry, education, and economic policies. This will ensure that Egypt's existing strengths are turned into real international competitiveness.
He mentioned that he included a link to the episode related to this idea in the comments for anyone who wants to see the full details of the content.
Financial Markets & Investment market & economyEgypt
"Made in Egypt" is Making a Comeback: Global Shifts Pave the Way for Industrial Revival
Economist Dr. Ashraf Ibrahim says Egypt has what it takes to bring back its strong industrial past. He points to the "Made in Egypt" idea, which reminds us of when the country was a leader in textiles. He believes current global supply chain changes offer a big chance for this comeback.
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