Your Egypt

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Doha, Qatar 10 April 2007 – United Arab Emirates is the most competitive economy in the Arab world among the countries in the third and most advanced stage of development according to The Arab World Competitiveness Report 2007, released today by the World Economic Forum. It is followed by Qatar and Kuwait. Among countries in the second stage of development, Tunisia and Oman are the best performing Arab economies, while Egypt is the regional best performer in the third group of countries

The Arab World Competitiveness Report 2007

Egypt is the best performing Arab country among the countries at the lowest stage of development, ranking 4th out of 48 countries. The well developed physical infrastructure serves the economy well and good progress has been achieved with respect to primary education. But to fully utilize the country’s competitive potential, enhance growth and create urgently needed jobs, a number of fundamental challenges will have to be addressed, such as a soaring budget deficit, rigid labour markets and financial markets that are ill-equipped to channel financial resources into investments. Equally, the potential of latest technologies is not fully used.
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