Dear Global Trade Matters Members,
It gives us great pleasure to announce the launch of the 13th Global Trade Matters Money & Finance Summit on Global Competitiveness to be held on Tuesday 14th of November and Wednesday 15th of November 2017 at Nile Ritz Carlton Hotel – Cairo.
Since 2015 Global Trade Matters has placed great focus on analyzing Egypt’s performance on the World Economic Forum’s (WEF) Global Competitiveness Index (GCI) while enhancing the competitiveness dialogue amongst the key stakeholders in both the private and public sectors. In 2016, Global Trade Matters launched the “Compete Egypt Private Sector Initiative” aiming at improving Egypt’s ranking to 99 on the GCI by 2017-2018.
In September 2017, the WEF launched its annual 2017-2018 Global Competitiveness Report which ranked Egypt as the 100th most competitive nation in the world. Thanks to a comprehensive economic reform program, Egypt moved up the GCI ranking by 15 places (from 115 to 100). Even by global standards this is an impressive and significant performance improvement and a clear indication of the restoration of confidence by local and international investors in the national economy.
More than 50 expert speakers and 600 delegates will come together for two days to analyze Egypt’s performance on the World Economic Forum’s Global Competitiveness Index 2017-2018. Based on the 12 Pillars of Global Competitiveness the CGI covers key areas of any nation’s economy; institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation.
While Egypt saw positive movements on all of the 12 Pillars of Global Competitiveness, many sub-pillars still remain raking in the high 100s. The 13th Money & Finance Summit on Global Competitiveness 2017 will also discuss and analyze the performance of these sub-pillars and share ideas and recommendations on how to improve on these key issues within the coming year.
Join us this November at the 13th Money & Finance Summit on Global Competitiveness as we gather to analyze and discuss Egypt’s performance on the CGI and better understand the impact of the recent economic reforms on Egypt’s overall global competitiveness.
Ashraf Mohamed Naguib
Chief Executive Officer – Global Trade Matters