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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

Special Report

Egypt

Building a Future for Egypt

Egypt’s economy back on track

Egypt Economic Development Conference

Latest news and market updates

Thermal power switch yard

Egypt pushes ahead with major power plants Subscription

23 April 2015 | By

The plants will be among the largest thermal facilities in the country

Renewable energy

No time frame for Noor 1 tender Subscription

23 April 2015 | By

Masdar shares renewables projects plans exclusively with MEED

Wastewater

Egypt still evaluating Abu Rawash proposals Subscription

22 April 2015 | By

Client had planned to award contract in March

Photovoltaic solar power

Egypt renewables PPAs released Subscription

22 April 2015 | By

Developers studying draft documents and preparing feedback

Wind power

GDF Suez submits lowest bid for Egypt wind farm Subscription

22 April 2015 | By ,

Wind project will be located in Gulf of Suez

Mohamed Mursi in jail

Mursi spared the death sentence

21 April 2015 | By

But a number of supporters sentenced to death

Wind power

Egypt opens wind farm bids Subscription

21 April 2015 | By

Four consortiums submitted proposals for project

Emaar Misr records profit jump

Emaar Misr records profit jump Subscription

20 April 2015 | By

Emaar Misr reports an increase in profits and revenues

Artist's rendition of capital city

Eagle Hills to build housing in Egypt Subscription

19 April 2015 | By

UAE developer awarded contract by Housing Ministry

Chinese firms submit studies for Egypt coal plants

Chinese firms submit studies for Egypt coal plants Subscription

19 April 2015 | By

Companies signed initial agreements at recent development conference

Egypt election delays cause uncertainty over gas law

Egypt looks to establish gas regulator by August Subscription

19 April 2015 | By

Source says hitting the deadline is dependent on new legislation

Egypt parliament

Egypt cabinet approves amendments to election laws Subscription

16 April 2015 | By

Country moves closer to holding parliamentary elections

Rail

Chinese firm signs Egypt railway agreement Subscription

14 April 2015 | By

Egypt signs an agreement with China Railway Construction Corporation for the rehabilitation of railway lines in the greater Cairo area

Gas field

No profit sharing on Egypt’s largest gas field Subscription

13 April 2015 | By

BP and RWE will keep all profits from the field

Artist rendering showing part of Egypt's planned New Capital City Project

Second quarter start for capital city construction Subscription

9 April 2015 | By

Fast-tracked Egyptian megaproject was launched in March

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

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

Road

Cairo to Cape Town road work awarded Subscription

18 December 2014 | By

Arab Contractors take on part of ambitious African road project that plans to connect Egypt and South Africa

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

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

Renewable energy

Renewables market hotspots taking off

23 April 2015 | By

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

Mursi

Mursi sentence could drive deeper divisions in Egypt

22 April 2015 | By

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

Banks to support Orascom-Ipic coal plant in Egypt

Progress with Egypt power schemes welcomed

21 April 2015 | By

Cairo must ensure progress is made with all preliminary agreements for vital generation projects

Largest defence budgets 2014

Joint Arab force gains traction Subscription

14 April 2015 | By

Critics warn that a pan-Arab military force runs the risk of becoming a Sunni-led regional superpower unless properly governed

Saudi Arabia army

Running the risk of war

14 April 2015 | By

A joint Arab military force is a positive move, but could still lead to war

Egypt is pushing ahead with several major water treatment and transmission network schemes

Cairo looks to boost water supplies Subscription

12 April 2015 | By

The decreasing availability of water is starting to impose limits on Egypt’s economic growth, forcing the government to explore alternative sources

Iran nuclear talks in Lausanne

MEED board report, April 2015 Subscription

8 April 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

Al-Maktoum International location

Boom in Egypt oil and gas project awards expected Subscription

23 March 2015 | By

Contracts worth $37.2bn expected to be signed before the end of 2018

Cairo raised $130bn of investment pledges at the summit

Making good on promises Subscription

17 March 2015

The Sharm el-Sheikh conference is just the start of a very long and difficult journey for Egypt

Egypt's President Abdul Fattah al-Sisi speaks at the Egypt Economic Development Conference in Sharm el-Sheikh on 13 March

Egypt’s $200bn sales pitch

17 March 2015 | By

Cairo’s huge investment conference was a defining moment for President Al-Sisi


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MEED events

iie

Invest in Egypt 2015

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

More MEED events

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