Egypt long-run prospects, Morocco autos, the Hajj

Egypt’s economy is on a path to become the largest in the region by 2050, overtaking Saudi Arabia, but this will hinge on the authorities committing to orthodoxy and undertaking key structural reforms. Elsewhere, Morocco’s automotive industry continues to make strong gains, particularly in the area of EVs, and is well placed to become a major hub for auto production. Finally, the Hajj pilgrimage got underway in Saudi Arabia this week and will be the first since 2019 without restrictions, which will provide a considerable boost to the Kingdom’s non-oil sector this year.

We are sending this MENA Economics Weekly early as Eid Al-Adha begins this evening. To all of our readers celebrating, Eid Mubarak!