Emphasis on industries less dependent on imported materials should accelerate Egypt’s 2020 growth: OBG

Emphasis on industries less dependent on imported materials should accelerate Egypt’s 2020 growth: OBG

Business Emphasis on industries less dependent on imported materials should accelerate Egypt's 2020 growth: OBG. One challenge that remains is impact of economic reforms on consumer spending. The focus on reforms will continue on a sectorial level, according to a report recently issued by Oxford Business Group (OBG).. The report indicated that Egypt will continue moving ahead with plans to transform its renewable energy capacity, spearheaded by the development of a major solar power station in November 2019.. OBG believes that greater emphasis on industries that are not reliant on imported materials should accelerate growth in various manufacturing segments.. The report indicated that the positive macroeconomic results come on the back of an extensive series of economic reforms.. The report indicated that various legal changes also had notable effects.. Alongside this, the report said that greater emphasis on industries that are not as reliant on imported materials should accelerate growth in various manufacturing segments, among them ready-made garments and food and beverage manufacturing..