Egypt’s Retail Sector Shows Growth Potential Despite Economic Challenges ...Egypt

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Egypt’s Retail Sector Shows Growth Potential Despite Economic Challenges
Egypt’s retail sector is set to grow by 11 percent over the next four years, according to an October 27 report by the Information and Decision Support Center, a government-affiliated research body. Since Egypt’s return to the Global Retail Development Index (GRDI) in 2016, following its post-2011 downturn, the country has quickly climbed the ranks, as a combination of government reforms, a young population, and technological adoption, is drawing interest from investors. From 2016 to 2021, retail sales in Egypt doubled to USD 200 billion (EGP 9.66 trillion) and reached USD 303 billion (EGP 14.64 trillion) by 2023. Retail sector data also indicates a sharp rise in digital transactions from 202

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