By continuing to use the site you agree to our Privacy & Cookies policy

Egypt

Egypt news and analysis, tenders, contracts awarded, commentary and economic data

If you are not a MEED subscriber but need access to trusted information, expert analysis and new sales leads then subscribe to the Middle East’s leading business intelligence service now
c2a_1___sub_to_MEED

Profile

Egypt_map_527x286px Egypt+flag Adly-Mansour-Egypt
Egypt
Interim leader
President Adly Mansour

Egypt country datafile
Country overview
Government contacts

Country data

Iran 2008 2009 2010 2011 2012 2013f 2014f
Nominal GDP ($bn) 162.4 188.6 218.5 235.6 256.7* 264.7 268.8
GDP per capita ($) 2,160 2,453 2,776 2,930* 3,112 3,146 3,131
Real GDP growth (annual change, %) 7.2 4.7 5.1 1.8 2.2* 2 3.3
Government revenue (% of GDP) 28 27.7 25.1 22 22.6 25.8 27.1
Government total expenditure (% of GDP) 36 34.6 33.4 31.8 33.4 37.1 35.8
Total government debt (gross, % of GDP) 70.2 73 73.2 76.6 80.2 85.2 82.6
Current account balance (% of GDP) 0.5 -2.3 -2 -2.6 -3.1* -2.1 -1.6
Value of oil imports 9.6 7 5.2 9.3 11.8 12.5 12.5
Value of oil exports 11.2 7.9 8 10.2 11.2 11.3 10.7
Inflation (%) 20.2 10 10.7 11.8 7.3 9.6 13.1
Click to see full economic data (2005 - 2018 forecast)
Source: International Monetary Fund, World Economic Outlook Database; Last updated: June 2013; *=Estimate

Egypt trends

March contract awards

Middle East contracts awarded: March 2014 Subscription

17 April 2014, 12:23 GMT

Over $12bn of contracts awarded in March in the Middle East

Banned

Muslim Brotherhood faces tough decision Subscription

20 March 2014, 15:47 GMT | By

In the face of Saudi Arabia’s hard line, the Muslim Brotherhood must choose its future direction

Steel demand

Steel sector to see rising demand Subscription

31 December 2013, 8:47 GMT | By

Higher public spending is set to spur growth in demand, but challenges threaten the industry’s potential

Support: Egypt’s army chief has won the admiration of much of society

Egypt prepares to vote again Subscription

12 December 2013, 8:03 GMT | By

Many parties in Egypt support the draft constitution, which offers better human rights protection, but boosts the army’s power

Steel

Egyptian steel producers hoping for fresh start in 2014 Subscription

11 December 2013, 7:19 GMT | By

Political stability expected to kick-start economy and give impetus to stagnant projects market

Middle East contract awards

Middle East contracts awarded: November 2013 Subscription

5 December 2013, 8:15 GMT

Over $11bn awarded in November in the Middle East

Filter Egypt analysis by sector

MEED comment

Ports: Tenders have been issued for ports projects

Signs of a turn in Egypt’s fortunes

3 April 2014, 15:48 GMT | By

While new infrastructure projects indicate an improvement in Egypt’s economy, stability is still a key issue

Egypt

Al-Sisi faced with daunting mission

27 March 2014, 14:23 GMT | By

If the ex-army chief is elected leader, he will have to ensure stability as well as a democratic government

Mubarak-style leadership?

Egypt's inevitable return to military rule

20 March 2014, 16:19 GMT

Army chief Al-Sisi is expected to be elected president, in a sign that Egyptians are desperate for stability

Construction

Progress is key on housing deal

13 March 2014, 14:52 GMT | By

The low-cost housing contract the Egyptian government has signed with Arabtec promises much-needed homes and jobs for citizens

Ibrahim Mahlab: Poised to tackle Egypt’s problems

New leader in Egypt will take tough stance

27 February 2014, 14:12 GMT

With Egypt’s economy continuing to struggle, the new government must live up to its promises

Solution: States must provide incentives to developers

Social housing crisis deepens Subscription

17 October 2013, 5:00 GMT

Private sector engagement is vital for the region’s governments to meet their affordable housing targets

Suez

Security weighs on Suez traffic

5 September 2013, 15:57 GMT | By

Egypt shipping route a vital source of foreign exchange for Cairo, but instability is having an impact

Al-Sisi: Promises a return to democracy for Egypt

The next steps for democracy in Egypt

22 August 2013, 15:05 GMT | By

Egypt must work towards a quick return to an elected, democratic government to ensure long-term economic and social stability

Egypt: Hundreds killed in military crackdown

Cairo in dire need of compromise

15 August 2013, 12:33 GMT | By

Egypt faces a dangerous future unless the Brotherhood and the government can reach an agreement

Dubai Mall: Footfall has risen to 65 million a year

New malls to help diversify economy

7 August 2013, 15:30 GMT | By

An expanded service sector will be crucial to generating non-oil gross domestic product for governments

Egypt: Protests continue after Mursi's ousting

Isolation is recipe for more unrest Subscription

18 July 2013, 14:15 GMT

The exclusion of the Muslim Brotherhood from the political process threatens further violence

Riyadh

Lifeline for Cairo in political crisis Subscription

11 July 2013, 14:10 GMT

Saudi Arabia and the UAE have pledged $8bn in grants and loans in support of the interim government

More MEED commentary

Special reports

Egypt's new cabinet

Egypt: New leadership and continuing challenges

20 March 2014, 12:46 GMT

Egypt has yet to solve its leadership crisis, but Army chief Abdel Fattah al-Sisi’s potential presidential candidacy could hark back to a Mubarak style of rule

Egypt's president, Mohamed Mursi

Egypt: Frustrations rise over lack of progress Subscription

5 June 2013, 14:26 GMT

Building a new order of governance in Egypt after 30 years of dictatorship was always going to be an immense challenge

More Egypt special reports

Market presentations

Middle East Outlook 2013

A region in transition: Middle East outlook 2013 and beyond Subscription

18 August 2013, 7:46 GMT

Insight and analysis on the economic and projects outlook for the Middle East

Project Finance

Webinar: Middle East project finance outlook Subscription

17 June 2013, 11:40 GMT

Market constraints to continue, with deals flowing to most stable markets in the region

Mena renewables 2013

Webinar: MENA Renewable Energy Subscription

12 May 2013, 12:38 GMT

In this presentation, MEED discusses the trends and prospects for renewable power in the region

After the Uprisings webinar

After the Uprisings: The outlook for business in the Middle East in 2013 and beyond Subscription

4 March 2013, 5:52 GMT

A webinar on the region’s business environment, providing current data and exclusive expert analysis drawn from MEED’s team of experts

Abu Dhabi petrochemicals plant

Future developments in Middle East petrochemicals Subscription

26 March 2012, 8:21 GMT

MEED’s exclusive subscriber-only online seminar on the petrochemicals sector in MENA outside of the GCC

Solar power panels

Arab states plan renewable energy capacity hike Subscription

24 November 2011, 13:00 GMT

Get exclusive insight into the drivers behind the ambitious 2020 renewable energy programmes in the Middle East

More MEED webinars

Top 10 projects

Rank

Rank Project Name Sector Contract value ($m)
1 Tahrir Petrochemicals Complex Chemical 3,750
2 Uptown Cairo Construction 2,100
3 Mostorod New Refinery: Hydrocracker Oil 1,900
4 New Giza Construction 1,800
5 Mostorod New Refinery: Crude Distillation Unit Oil 1,600
6 Grand Heights Construction 1,170
7 Sharm el-Sheikh Scheme Construction 1,000
7 Degla Palms Construction 1,000
7 Nile Corniche Tower Construction 1,100
10 Ashgar City Construction 914
Click through to the full data table on Egypt's biggest projects in construction
Click through to MEED's Q4 2013 Top 100 Projects report
Source: MEED Projects; Data compiled: January 2014; All projects are in execution

Project awards

Tecnimont-Archirodon consortium selected for Egypt cracker complex Subscription

7 April 2014, 13:29 GMT | By

Carbon Holdings awards contract valued at $1.7bn-1.95bn to build utilities and offsite facilities

Siemens-led consortium wins Egypt control centre deal Subscription

12 March 2014, 7:35 GMT | By

The centres will control distribution networks in remote areas

Companies

Suez Canal Container Terminal logo

Suez Canal Container Terminal Subscription

SCCT in Port Said is a state-of-the-art container terminal located at the northern end of the Suez Canal

Talaat Moustafa Group Holding logo

Talaat Moustafa Group Holding Subscription

Talaat Mostafa Group Holding Co SAE (TMG Holding) is an Egypt-based company engaged in real estate investment activities, establishing and developing hotels, tourist and residential projects in Egypt

See all company profiles

People

Amr Seif Subscription

8 October 2013, 10:42 GMT

Amr Seif is head of asset management, EFG Hermes

Nabil Fahmy Subscription

16 July 2013, 12:12 GMT | By

Nabil Fahmy is foreign minister, Egypt

Ahmed Galal Subscription

16 July 2013, 11:57 GMT | By

Ahmed Galal is the new finance minister in Egypt’s interim government

Ziad Bahaa El-Din Subscription

15 July 2013, 9:49 GMT | By

Ziad Bahaa El-Din is Egypt’s new deputy prime minister for Egypt’s interim government

Younes Makhyoun Subscription

11 July 2013, 7:47 GMT | By

Younes Makhyoun is chairman of the Salafist Al-Nour party

Mohamed El-Baradei Subscription

11 July 2013, 7:34 GMT | By

Mohamed El-Baradei is interim vice-president for foreign relations in Egypt

More Egypt biographies

Newsletter Sign-up

More sector and country newsletters

Subscribe to MEED to receive your choice of premium newsletters

Find out more
-->