Garnering more investment, loans and assistance packages than had been widely expected, Egypt’s Economic Development Conference (EEDC) secured investment contracts worth $36.2bn, an additional $18.6bn in infrastructure contracts to set up power plants, and $5.2bn in loans from international financial institutions.
Rising demand for fuel and oil derivatives, combined with an expanding petrochemicals sector, is driving growth in Turkey’s refining industry, with competition set to heat up over the next few years for the increasingly lucrative market.
After a challenging year for tourism, the Philippines is hoping that an international marketing campaign, major events and further regional integration as part of the ASEAN Economic Community (AEC) will provide a boost to momentum in 2015.
Growing international traffic is driving a rapid expansion of Myanmar’s major airport network as it works to keep up with overseas arrivals.
The launch of mobile virtual network operators (MVNOs) in the Saudi telecoms market looks set to expand product and pricing options for customers, and boost handset sales, as new operators look to carve out niche segments in the increasingly competitive mobile sector.
The arrival of a new budget airline in South Africa promises cheaper domestic fares for travellers, though the increased competition may put pressure on the low-cost carrier (LCC) segment given weak consumer spending.
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