Egypt ranks first in the Agility index for fastest infrastructure growth in 2017
The Agility Index,
In this paper, we will discuss
Market size, growth rate, business climate, transport/road network, customs and
trans-border transport (amounting for 50% of the percentage weight of the country's ranking in the index)
Size and quality of roads, transport and communications network
of the top experts and managers in the field of logistics and trade
The report is reviewed and presented to several international institutions such as: the IMF, the World Bank, the World Economic Forum, the United Nations and its economic, industrial and commercial
Third: The most prominent issues to raise
The experts expressed their confusion and alarm at President Trump's policies and possibility of a US withdrawal from the NAFTA agreement (a free trade agreement between the United States, Mexico and Canada, which came into force in 1994)
Other issues of concern to the logistics sector in 2018
Egypt ranked first in the list of the most improved among all 50 countries, with an overall
Fifth: Which countries deteriorated
Venezuela topped the list of
the most deteriorated countries. The decline is directly linked to the severe economic crisis and the huge inflation due to poor management of the economy during the period of high oil prices and no precautionary scenario in the case of falling prices. Accordingly, in 2014, when the oil prices moved to $30 per barrel from about $130 per barrel, the violent shake lead the market to deteriorate.
Nigeria came in second
as a result of the deterioration of the economic crisis and mismanagement of the file of monetary and financial reform, as well as, the widening and deepening of the black market crisis in Lagos. Where in not for the latest increase in oil prices, the Nigerian economic crisis would have been heading towards a more severe deterioration.
Notable other poor performers
Saudi Arabia’s indicators reflected a
the beginning of the economic reforms in the middle of 2014, Egypt was ranked at the 32nd place (In the Agility index of 2015).
Furthermore, Egypt was among the list of the worst 10 countries
In 2016, some of the national projects
began to reflect upon the country and it entered the list of most developed countries, whilst also elevating 22nd in the overall standings.
In the 2017 report,
Egypt continued to improve and our overall ranking moved to 20th position.
Finally, in the 2018 report,
Egypt tops the list of improving countries in terms of development in infrastructure. That moved our ranking to 14th position, which is the best ranking Egypt has ever achieved since the launch of the index.
be noted that the index includes large and strong economies such as China, India, UAE, Saudi Arabia and Russia.