BURGEONING POPULATION KEEPS EGYPT PAINT SECTOR AFLOAT
February 8th, 2015
EGYPT’S USD515 million paint market (Egyptian Pounds EGP3.93 billion), as valued by market researchers Frost & Sullivan) is still reeling from the impact of the country’s 2011 revolution, along with sluggish economic growth, but the country's burgeoning population growth is keeping demand afloat.“After the (2011) revolution, growth was in the single digits, but GDP figures are picking up, estimated at 3.7% (for 2014-2015), and as far as the industry concerned, there will be growth of 9-10% by value this year,” said Manish Mehra, regional head - Middle ...
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