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Reserves at 38 bil, Foreign Debt at 122bil. I think it’s time to let the private sector breath, too.The Egyptian economy achieved an estimated production of $ 360 billion in 2020 for the first time in its history, compared to $ 235 billion in 2017, and was able to bypass the economy of South Africa and become the second largest economy in the continent of Africa after the economy of Nigeria. It was also able to bypass the economy of the United Arab Emirates and became the second largest economy. Arab After the Kingdom of Saudi Arabia and a few steps separated from the economy of Israel, Egypt's economy ranked 33rd in the world in 2020 compared to 41st place in the world in 2019
The World Bank expects that the production volume of the Egyptian economy will exceed 620 billion dollars in just 4 years, with reaping the fruits of economic reforms and security stability.
This data comes just a few days after the World Bank also expected Egypt to achieve a positive growth rate of 3.5 percent this year, after it was only expected to be 2.5 percent. So it modified the number in the third of the year. Indeed, the World Bank predicted that only two economies would achieve positive growth results this year, China and Egypt ... and hence, this news and very nice analysis encompasses Egypt, Not just to reach the position 31 after it was 44. but also because Egypt becomes the second economy in Africa after the oil-producing country Nigeria and before the developed South Africa.
In this perspective, there are two very important numbers to analyze:
The first of them is the, very big difference between the output of 2019, which was $225 billion, and the product of 2020, which is $360 billion .. !! That is, an increase of $135 billion .. which is, almost an increase of 50 percent .. !!! A very strong increase and a very high rate in the normal situation. So what about the situation this year of the Corona virus and the global economic slowdown, which will witness the entry of some developed countries to achieve negative growth for the first time in very long decades..!?
The second, and it is the most powerful! And Is their expectation to reach more than $600 billion !!! Within three to four years, knowing that the IMF has predicted that Egypt will achieve an annual growth rate in 2024 of about 5.6%..Achieving 50 % over three consecutive years, so that in four years Egypt will jump these astonishing jumps from $235 billion to more than $600 billion ... !!! This is an amazing thing, and if Sisi does it, he would have fulfilled his sentence, which he said that "The world will look at us in wonder".
This means that the economic plan is being developed and implemented with the utmost rigor and force, Showing that Egypt is on the right path and that all the Egyptian macroeconomic data are very promising showing that the Structural reform is in full force, and that the Egyptian economy has already liberalized and is ready and able to take off.
No problem here, but we should have a significant increase in production and exports.The World Bank expects that the production volume of the Egyptian economy will exceed 620 billion dollars in just 4 years, with reaping the fruits of economic reforms and security stability.
Yep...The first of them is the, very big difference between the output of 2019, which was $225 billion, and the product of 2020, which is $360 billion .. !! That is, an increase of $135 billion .. which is, almost an increase of 50 percent .. !!! A very strong increase and a very high rate in the normal situation.
The Egyptian economy achieved an estimated production of $ 360 billion in 2020 for the first time in its history, compared to $ 235 billion in 2017, and was able to bypass the economy of South Africa and become the second largest economy in the continent of Africa after the economy of Nigeria. It was also able to bypass the economy of the United Arab Emirates and became the second largest economy. Arab After the Kingdom of Saudi Arabia and a few steps separated from the economy of Israel, Egypt's economy ranked 33rd in the world in 2020 compared to 41st place in the world in 2019
The World Bank expects that the production volume of the Egyptian economy will exceed 620 billion dollars in just 4 years, with reaping the fruits of economic reforms and security stability.
This data comes just a few days after the World Bank also expected Egypt to achieve a positive growth rate of 3.5 percent this year, after it was only expected to be 2.5 percent. So it modified the number in the third of the year. Indeed, the World Bank predicted that only two economies would achieve positive growth results this year, China and Egypt ... and hence, this news and very nice analysis encompasses Egypt, Not just to reach the position 31 after it was 44. but also because Egypt becomes the second economy in Africa after the oil-producing country Nigeria and before the developed South Africa.
In this perspective, there are two very important numbers to analyze:
The first of them is the, very big difference between the output of 2019, which was $225 billion, and the product of 2020, which is $360 billion .. !! That is, an increase of $135 billion .. which is, almost an increase of 50 percent .. !!! A very strong increase and a very high rate in the normal situation. So what about the situation this year of the Corona virus and the global economic slowdown, which will witness the entry of some developed countries to achieve negative growth for the first time in very long decades..!?
The second, and it is the most powerful! And Is their expectation to reach more than $600 billion !!! Within three to four years, knowing that the IMF has predicted that Egypt will achieve an annual growth rate in 2024 of about 5.6%..Achieving 50 % over three consecutive years, so that in four years Egypt will jump these astonishing jumps from $235 billion to more than $600 billion ... !!! This is an amazing thing, and if Sisi does it, he would have fulfilled his sentence, which he said that "The world will look at us in wonder".
This means that the economic plan is being developed and implemented with the utmost rigor and force, Showing that Egypt is on the right path and that all the Egyptian macroeconomic data are very promising showing that the Structural reform is in full force, and that the Egyptian economy has already liberalized and is ready and able to take off.
تحیا مصرTruly REMARKABLE! And even during the times of COVID-19 which let's face it, has DEVASTATED the world economy yet Egypt has remarkably treaded water right through it so far! MashaAllah!
The jump from 41st place to 33rd in just 1 year and like I said during these absurdly temperamental times is astonishing.
If Egypt can pull this off in 4 years, then the sky's the limit after that TBH because that is pretty incredible. Also, the predictions of the IMF made just 2 years ago about Egypt's economy were spot on! I remember all sorts of people right here on this board saying that those numbers were crazy and no way Egypt's economy could sustain such growth with its debt ratio and especially inflation and all sorts of other excuses yet here we are! Al Hamdulillah ya Rab.
Couple of things stick out at me just looking at these groupings and first is imagine if Egypt was exporting even half the level of weapons that Israel is, it would blow it off this map. It is BIG TIME to bring the private sector into this specific economy and take advantage of the private minds that are capable of engineering great new items and stop all the mistrusting and keeping it all within the military complex. Take the US and other's example and expand and watch how the success will just come down like rain!
The other is how impressive is Nigeria on that list? Really incredible and the UAE also for such a tiny county with a tiny population they've played their cards just right from the beginning and not relied solely on oil by concentrating a lot on banking as well as construction. Making Dubai an example of that success has really worked well for them in that respect.
I laugh at the people who think there's any truth to that pile of crap about them financing a new canal in Israel LMFAO! People are so gullible, especially the big-time haters.
50% jump of $135 Billion is really unheard of, isn't it? There isn't any one else pulling off these kinds of numbers, are there? Watching Turkey tumble slowly makes sense why they're trying hard to make amends with Egypt now and their motivation should be looked at very carefully. But these numbers and mind-blowing and no wonder the IMF has no issues loaning any money to Egypt and most of it is to rebuild its credit more so than a need for the actual cash IMO.
Then you have the Sisi hatred out there that refuses to look at these improvements and credit him for them. It's one thing if he behaved like the Orange baboon and had the economic success also. But he doesn't behave like the idiot and is the complete opposite and behaves much more dignified and in a very diplomatic manner yet they call him a "brutal dictator" lololol! Buffoons.
And yet you will see a lot of negativism in the form of article written like the one that came out a few months ago about the "fragility" of the Egyptian economy and how it could collapse because of the way it's structured. They just can't give any credit where it's due because of the spite in every fiber of their being. The hell with them. They just need to keep plugging along and keep doing what they've been doing since it obviously is working and working really well.
And the best is still to come!!!Truly REMARKABLE! And even during the times of COVID-19 which let's face it, has DEVASTATED the world economy yet Egypt has remarkably treaded water right through it so far! MashaAllah!
The jump from 41st place to 33rd in just 1 year and like I said during these absurdly temperamental times is astonishing.
If Egypt can pull this off in 4 years, then the sky's the limit after that TBH because that is pretty incredible. Also, the predictions of the IMF made just 2 years ago about Egypt's economy were spot on! I remember all sorts of people right here on this board saying that those numbers were crazy and no way Egypt's economy could sustain such growth with its debt ratio and especially inflation and all sorts of other excuses yet here we are! Al Hamdulillah ya Rab.
Couple of things stick out at me just looking at these groupings and first is imagine if Egypt was exporting even half the level of weapons that Israel is, it would blow it off this map. It is BIG TIME to bring the private sector into this specific economy and take advantage of the private minds that are capable of engineering great new items and stop all the mistrusting and keeping it all within the military complex. Take the US and other's example and expand and watch how the success will just come down like rain!
The other is how impressive is Nigeria on that list? Really incredible and the UAE also for such a tiny county with a tiny population they've played their cards just right from the beginning and not relied solely on oil by concentrating a lot on banking as well as construction. Making Dubai an example of that success has really worked well for them in that respect.
I laugh at the people who think there's any truth to that pile of crap about them financing a new canal in Israel LMFAO! People are so gullible, especially the big-time haters.
50% jump of $135 Billion is really unheard of, isn't it? There isn't any one else pulling off these kinds of numbers, are there? Watching Turkey tumble slowly makes sense why they're trying hard to make amends with Egypt now and their motivation should be looked at very carefully. But these numbers and mind-blowing and no wonder the IMF has no issues loaning any money to Egypt and most of it is to rebuild its credit more so than a need for the actual cash IMO.
Then you have the Sisi hatred out there that refuses to look at these improvements and credit him for them. It's one thing if he behaved like the Orange baboon and had the economic success also. But he doesn't behave like the idiot and is the complete opposite and behaves much more dignified and in a very diplomatic manner yet they call him a "brutal dictator" lololol! Buffoons.
And yet you will see a lot of negativism in the form of article written like the one that came out a few months ago about the "fragility" of the Egyptian economy and how it could collapse because of the way it's structured. They just can't give any credit where it's due because of the spite in every fiber of their being. The hell with them. They just need to keep plugging along and keep doing what they've been doing since it obviously is working and working really well.
How Egypt is growing forests in middle of the desert
Amid the success of the Serapium Forest, a massive plantation in Egypt, the country is now looking to plant more desert lands with trees as part of plans to fight climate change.
Thanks for posting this. If you go back to the early parts of this thread, you'll notice that there's a video we posted of this exact thing and how they've been planting these trees that are not native to Egypt and creating forest habitat. A remarkable thing and it has succeeded so far as the young trees have adapted and have grown at their normal pace. They're marking some of them for specific studies and watching how they'll develop into forests on their own even.
The interesting part of this is that this isn't anything new, really. Well, the trees themselves are a new thing to create "forests" in an otherwise arid, dry and majority desert climate but something similar was accomplished like this back in the 80's when they decided to expand farmlands outside of the Delta region and specifically away from the Nile river itself since there is only so much land available close to the water.
And what they did was find areas of desert, dig for wells and be sure to be able to pull water out of the ground first and once that is established, they would did holes about 5 x 5 meters and about 3 meters deep and fill those with farming soil. They would make hundreds of thousands of these soil patches in the dessert and then plant seeds of all types of vegetables and fruits and trees etc. and it worked so well that the government had to divide a lot of these desert lands into acres for sale because of the interest this new farming technique generated. My family actually got into this in a town south of Cairo past the beautiful city of Maadi call El Saff and they were growing so much fruit every year they had to give so much of it away before it rotted and was wasted.
That's why I was surprised that it took them so long to basically take the same principle of farming in desert lands and create forests with trees that can adapt to the brutal sun and heat and that seems to be what they're doing here.
This data comes just a few days after the World Bank also expected Egypt to achieve a positive growth rate of 3.5 percent this year, after it was only expected to be 2.5 percent.
Egyptian camera system for 1KG cubesat.
The image received is expected for a camera of its size.