Egypt’s long-awaited investment law is set to be implemented in the coming months, potentially catalysing further growth in recovering foreign direct investment (FDI).
Egypt
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Heightened activity across several of Egypt’s large, new gas fields and government policy measures aimed at encouraging the sector’s development have put the country on course to reach its target of becoming a net exporter by 2019.
In spite of Egypt’s macroeconomic headwinds, the country’s real estate market has benefitted in recent months from steady demand and currency reforms, resulting in a busy pipeline of new projects and investment funds.
Egypt’s banks are seeing rising profits and robust capitalisation, as evidenced by a flurry of recent releases of FY 2015/16 results from the country’s major banks.
Interviews & Viewpoints | Osama Bishai, CEO, Orascom Construction: Interview from The Report: Egypt 2017
Articles & Analysis | Egypt's construction industry sees rapid expansion amid increased investment, new market entrants from The Report: Egypt 2017
As cranes tower over the skies of an ever-expanding Cairo and billboards advertising new housing developments, universities and malls sprout up all over the city, it is clear that after several years of fits and starts Egypt is in the midst of a construction boom. Large government priority projects, such as the New Administrative Capital, the...