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Egypt

Profile

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Egypt
President
President Abdul Fattah al-Sisi

Egypt country datafile
Country overview
Government contacts

Country data

Egypt
Egypt 2009 2010 2011 2012 2013 2014 2015f
Nominal GDP ($bn) 188.6 218.8 235.6 262.3 271.4 284.9* 324.3
GDP per capita ($) 2,478 2,812 2,960 3,222 3,243 3,337* 3,724
Real GDP growth (annual change, %) 4.7 5.1 1.8 2.2 2.1 2.2* 3.5
Government revenue (% of GDP) 27.7 25.1 22.0 22.1 23.0 26.8* 25.7
Government total expenditure (% of GDP) 34.6 33.4 31.8 32.7 37.1 39.0* 37.2
General government debt (gross, % of GDP) 73.0 73.2 76.6 78.9 89.2 93.8* 94.5
Current account balance (% of GDP) -2.3 -2.0 -2.6 -3.9 -2.7 -0.4* -4.0
Inflation 9.9 10.6 11.8 7.3 9.8 8.2 15*
Population (millions) 76.1 77.8 79.6 81.4 83.7 85.4* 87.1
Unemployment (%) 9.4 9.2 10.4 12.4 13.0 13.4* 13.9
Click to see full economic data (2005 - 2019 forecast)
Source: International Monetary Fund, World Economic Outlook Database; Last updated: February 2015; *=Estimate

Latest news and market updates

Egypt construction

Arabtec Egypt housing project under threat Subscription

25 May 2015 | By

One million home project in doubt amid claims of a breakdown between the two parties

Egypt military establishes private contractor

Egypt military establishes private contractor Subscription

24 May 2015 | By

Country anticipates construction boom

Liquefied natural gas

Egypt prepares for LNG purchase tender Subscription

24 May 2015

Imports to be through second floating storage regasification unit

Divisive: The Muslim Brotherhood has called on Egyptians to “reclaim the democracy they fought so hard for”

Egypt appoints Brotherhood critic as justice minister Subscription

21 May 2015 | By

 Ahmed el-Zend of the Muslim Brotherhood has been appointed as Egypt’s new justice minister

Stock market

Emaar Misr to list Subscription

20 May 2015 | By

Property developer plans IPO of Egyptian subsidiary

Egypt Suez Canal

Suez Canal investment laws to be finalised Subscription

20 May 2015 | By

Suez Canal Zone investment laws to be revised before sent to president for ratification

Cairo

Cairo delays capital gains tax for two years Subscription

19 May 2015 | By

Egypt puts stock market tax on hold

RWE Dea Drilling rig in Disouq Egyptian Nile Delta

Dea reduces stake in Egypt’s biggest energy project Subscription

19 May 2015 | By

West Nile Delta scheme is expected to see first gas in 2017

Gas

Egypt Gas records loss Subscription

19 May 2015 | By

Higher wages for workers weigh on the company’s bottom line

Mohamed Mursi in jail

Mursi protests in Turkey Subscription

18 May 2015 | By

Protests in Istanbul as Turkish government shows support for Egypt’s banned Muslim Brotherhood

Egypt Cairo

S&P revises Egypt rating Subscription

17 May 2015 | By

US rating agency revises Egypt’s outlook to positive from stable

Egypt Suez Canal

Suez Canal expansion to open ahead of schedule Subscription

17 May 2015 | By

Suez Canal expansion work to be completed ahead of schedule

Mursi

Security fears following Mursi’s sentencing Subscription

17 May 2015 | By

Egyptian Islamists have warned the authorities following the sentencing of ousted president

Mohammed Mursi in jail

Mursi sentenced to death by Egyptian court Subscription

16 May 2015 | By

Former president is latest Muslim Brotherhood member to face execution

Egypt power generation

Egypt revising renewables power-purchase agreements Subscription

14 May 2015 | By

Draft agreements were recently circulated to developers for feedback

Filter Egypt news by sector

Top 10 projects

Rank

Rank Project Name Sector Contract value ($m)
1 Uptown Cairo Construction 2,100
2 New Suez Canal: 7 Tunnels Package Transport 2,000
3 Tahrir Petrochemicals Complex: Offsites & Utilities Chemical 1,950
4 Mostorod New Refinery: Hydrocracker Oil 1,900
5 New Giza Construction 1,800
5 Damietta Fertiliser Plant Expansion Chemical 1,800
5 Tahrir Petrochemicals Complex: Polyethylene Facility Chemical 1,800
5 Tahrir Petrochemicals Complex: Ethylene Cracker Chemical 1,800
9 Mostorod New Refinery: Crude Distillation Unit Oil 1,600
10 New Suez Canal: Dredging Works: Lot 1,2,3 & 4 Construction 1,500
Click through to the full data table on Egypt's biggest projects in construction
Click through to MEED's Q4 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: April 2015; All projects are in execution

Project awards

Cairo skyline

Hill wins more Cairo project management work Subscription

14 May 2015 | By

Firm will manage mixed-use development in Egyptian capital

OneSubsea wins BP contract in Egypt

OneSubsea wins BP contract in Egypt Subscription

26 April 2015 | By

Deal will see OneSubsea supply 10 large bore gas trees

Egypt

Egypt awards $2.5bn worth of power contracts Subscription

13 March 2015 | By

Emergency power programme will boost country’s grid capacity by 3.7GW

metro

Cairo Metro awards contract for latest phase Subscription

12 March 2015 | By

Deal follows construction award in early March

Siemens confirms Egypt turbine order

Siemens confirms Egypt turbine order Subscription

10 March 2015 | By

German firm will provide turbines for power plant upgrade

Wind farms

Gamesa awarded Egypt wind farms Subscription

3 March 2015 | By

Spanish company to execute 220MW project

Metro

Cairo metro contract awarded Subscription

1 March 2015 | By

French firms awarded latest Cairo metro construction contract

Wastewater

Suez Environnement wins Egypt wastewater deal Subscription

12 February 2015 | By

French company’s subsidiary Degremont will operate two wastewater plants in Cairo

Gas flare

Egypt awards $2.2bn in gas contracts Subscription

29 January 2015 | By

Contracts awarded to Vitol, Noble Group, Trafigura and BP to supply 75 cargoes of LNG

Power plant

Egypt signs financing deal for power plants Subscription

18 January 2015 | By

Financing secured for South Helwan and Assiut power plants

Rig

Eni awarded Egyptian oil and gas concessions Subscription

18 January 2015 | By

Italian oil and gas company signs agreement for the offshore North Leil and Karawan blocks 

Rail intersection

Alstom wins contract for Egyptian railway line Subscription

18 January 2015 | By

France-based firm wins contract to modernise Egyptian trains

Power plant gas turbines

ElSewedy to build two power plants Subscription

8 January 2015 | By

Emergency projects to address Egypt’s shortfall

All companies

Petrojet Subscription

Petrojet is an Egyptian contractor servicing the chemical, gas, oil, petrochemical and power industries

BG Group Subscription

BG Group is a multinational oil and gas exploration and production LNG company active across Egypt

See all company profiles

Contractors

People

Abdul Fattah al-Sisi

Abdul Fattah al-Sisi Subscription

22 January 2015

Abdul Fattah al-Sisi is President of Egypt

Amr Seif Subscription

8 October 2013

Amr Seif is head of asset management, EFG Hermes

More Egypt biographies

Isis-affiliated group profile: Ansar Beir al-Maqdis

Sinai-base militants warn of increased activity Subscription

21 May 2015 | By

Ansar Beit al-Magdis warn of more attacks on security forces

Hossam Abougabal

Suez Canal area encouraged by investment laws Subscription

21 May 2015 | By

The waterway expansion and development of the surrounding area could transform Egypt’s economy

Divisive: The Muslim Brotherhood has called on Egyptians to “reclaim the democracy they fought so hard for”

Mursi verdict threatens stability Subscription

19 May 2015 | By

The death penalty handed to former president Mohamed Mursi could see mass protests return to Egypt

Mohammed Mursi in jail

Mursi death sentence could stall economic progress Subscription

19 May 2015 | By

Untactful verdict from Egyptian courts could setback economic progress

Top 100 projects by sector Q1 2015

Biggest projects by country, Q1 2015 Subscription

14 May 2015 | By

The biggest contract awards listed by value

Top 100 projects by sector Q1 2015

Biggest projects by sector, Q1 2015 Subscription

14 May 2015 | By

The biggest contract awards listed by value

Saudi Defence Minister Prince Mohammed bin Salman bin Abdulaziz al-Saud (C) at a defence exhibition in February

MEED board report, May 2015 Subscription

7 May 2015 | By

Key events and trends in the region over the past month and their impact on the outlook for the Middle East and North Africa

Renewable energy

Renewables market hotspots taking off Subscription

28 April 2015 | By

Excitement over Egypt, but Saudi Arabia’s plans remain unclear

US-based GE’s distributed power business finds promising markets in areas of volatility

GE sees opportunity in instability Subscription

27 April 2015 | By

Firm’s CEO of distributed power talks about supply and generation challenges in region

Egypt security

Security fears dampen Egypt optimism Subscription

23 April 2015 | By

With $130bn worth of investments pledged, Egypt must tackle the security situation to ensure projects go ahead and confidence returns

Wind power a contender in North Africa

Wind power a contender in North Africa Subscription

23 April 2015 | By

Latest bid prices put onshore wind in Egypt on par with gas generation

Mursi

Mursi sentence could drive deeper divisions in Egypt Subscription

22 April 2015 | By

Twenty-year sentence highlights flaws in Egypt’s justice system


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MEED events

iie

Invest in Egypt 2015

10 September 2015 | Profiling investment opportunities in the infrastructure, real estate, housing, tourism, power, petrochemicals, financial services & retail sectors

More MEED events

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