With a rapidly growing population of 80m people and a host of major energy-intensive industrial facilities, Egypt requires a large supply of power to maintain growth. Ensuring this steady production has been problematic since the end of the Mubarak era, and after several incidences of load shedding over the past few years – the legacy of...
A $9bn deal inked in Egypt will give a substantial boost to the country’s electricity generation capacity, helping the government address power shortages and support a growing population and economy. On June 3, 2015 German industrial conglomerate Siemens agreed a deal to supply gas and wind power plants that will add 50% − or 16.4 GW − to...
Egypt is one of the oldest energy producers in the Middle East, with a history of commercial oil production dating back more than a century. The country benefits from low production costs and a relatively large volume of both onshore and offshore oil and gas fields. Developed infrastructure has allowed the country in past decades to maintain a...
Natural gas has been an important part of Egypt’s energy mix and economy for decades. It was first discovered in the country in 1967, and a find was then made a year later offshore. Egypt fully utilised the resource, going from being predominately hydro driven to mainly gas based, and became an exporter of the product. At one time, Egypt sold...
For decades Egypt has been a significant energy exporter and one of the MENA region’s largest centres for manufacturing, with the latter having traditionally benefitted significantly from the former. Sizeable reserves of natural gas and crude have allowed the country to provide energy at low prices to large industrial consumers, such as steel and cement producers. However,...
A large and growing population, restored economic growth and low penetration all make Egypt’s retail market a strong prospect for investors. Household retail spending was worth about $90.3bn in 2013, according to the General Authority for Investment and Free Zones (GAFI), a state agency, and is expected to keep rising at a steady clip over the next few years. Modern retail...
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