Spotlight on leadership in changing times
Metin Mitchell - Managing Partner
There is a well known saying, ‘Shirtsleeves to shirtsleeves in three generations’ – meaning that family businesses often create and lose their wealth in three generations. Worldwide, only one in three family businesses successfully makes it to the next generation.
As one of the world’s oldest civilisations, Egypt has seen its fair share of economic booms and declines. It is now not only growing, but The World Bank predicts its economy will grow to 5.8% by 2020.
This blog is part of a series in which I am looking at the opportunities in Egypt and the role that executive talent will play to make the most of these.
How easy is it to do business in Egypt – and does it matter? I have been looking at Egypt as an area of growth which will provide opportunities for the country and also for executive talent to maximise the potential of this market.
The ‘ease of doing business’ is an important factor in terms of attracting external investment and opportunities for executive jobs. Here I want to look at the challenges still facing Egypt but also the areas where it is changing and opening up the country.
With the Egyptian economy set to grow to 5.8% by 2020 Egypt is a growing opportunity for executive talent, particularly with the changing landscape in the rest of the Middle East.
For executive search clients and candidates, I have pulled together research on the current landscape for executive talent and how I see the opportunities and challenges in Egypt.
First off, there is a really strong executive talent pool in Egypt.
According to The World Bank report on Egypt, GDP will grow by 5% in 2018 and to 5.8% by 2020.
This opens up growing opportunities both for executive talent and by implication, the executive search challenge. In this and a series of blogs on the Egyptian economy, I want to look at which sectors are growing, where the opportunities are and my own views on what this means for executives looking for opportunities and companies looking to hire executive talent.