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Egypt

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

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Profile

Egypt_map_527x286px Egypt+flag President_Mohamed_Mursi
Egypt
Leader
President Mohamed Mursi

Egypt country datafile
Country overview
Government contacts

Country data

Iran 2007 2008 2009 2010 2011 2012f 2013f
Nominal GDP ($bn) 130.3 162.4 188.6 218.5 235.7 255 275.9
GDP per capita ($) 1,771 2,160 2,453 2,776 2,932* 3,109 3,298
Real GDP growth (annual change, %) 7.1 7.2 4.7 5.1 1.8 2 3
Government revenue (% of GDP) 27.7 27.8 27.7 25.1 22 22.4 23.4
Government total expenditure (% of GDP) 35.3 35.8 34.5 33 32 33.6 33.2
Total government debt (gross, % of GDP) 80.2 70.2 73 73.2 76.4 79.7 81.1
Current account balance (% of GDP) 1.7 0.5 -2.3 -2 -2.6 -3.4 -3.3
Value of oil imports 4.1 9.6 7 5.2 9.3 11.8 11.9
Value of oil exports 7.4 11.2 7.9 8 10.2 11.4 11.4
Inflation (%) 11 11.7 16.2 11.7 11.1 8.7 10.7
Click to see full economic data (2005 - 2017 forecast)
Source: International Monetary Fund, World Economic Outlook Database; Last updated: March 2013; *=Estimate

Egypt trends

Interview: Hisham Zaazou, Minister of Tourism, Egypt

7 May 2013, 7:57 GMT

Hisham Zaazou discusses post-revolutionary Egypt’s strategy to revitalise its battered tourism industry

Middle East contracts awarded April 2013

Middle East contracts awarded: April 2013 Subscription

5 May 2013, 7:41 GMT

Just over $12bn-worth of contracts were awarded in April

Middle East contract awards March 2013

Middle East contracts awarded: March 2013 Subscription

8 April 2013, 10:34 GMT

Just over $8bn-worth of contracts were awarded in March

Cutting consumption: Egypt plans to ration subsidised fuel through a smart card system from July

Fuel subsidy reform risks further unrest in Egypt Subscription

7 March 2013, 9:57 GMT | By

Cairo to cut back on subsidies that threaten to bankrupt the government and its state oil company

Cutting consumption: Egypt plans to ration subsidised fuel through a smart card system from July

Fuel subsidy reform risks further unrest in Egypt Subscription

7 March 2013, 9:57 GMT | By

Cairo to cut back on subsidies that threaten to bankrupt the government and its state oil company

Middle East contracts awarded February 2013

Middle East contracts awarded: February 2013 Subscription

3 March 2013, 11:41 GMT

Just over $4bn-worth of contracts were awarded in February

Middle East and North Africa inflation

Inflation risks social unrest Subscription

7 February 2013, 7:50 GMT | By Richard Nield

Oil exporters will increase subsidises to contain inflation, but other governments are likely to struggle

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MEED comment

Unrest: Egyptians may protest the subsidy cuts

Cairo faces a tough choice

7 March 2013, 13:18 GMT

Egypt needs the IMF bailout to balance its payments, but the price of subsidy reform is one that the people may be loath to pay

Unrest: Egyptians may protest the subsidy cuts

Cairo faces a tough choice

7 March 2013, 13:18 GMT

Egypt needs the IMF bailout to balance its payments, but the price of subsidy reform is one that the people may be loath to pay

Egypt

Islamic hopes for plugging deficit

28 February 2013, 13:14 GMT

Analysts say Egypt’s sukuk issuance is unlikely to be a cure-all for the country’s current economic plight

Egypt

Islamic hopes for plugging deficit

28 February 2013, 13:14 GMT

Analysts say Egypt’s sukuk issuance is unlikely to be a cure-all for the country’s current economic plight

Egypt

Daruit scheme is critical to Egypt

21 February 2013, 12:39 GMT

Cairo must press ahead with key infrastructure projects regardless of the current political turmoil

Egypt

Daruit scheme is critical to Egypt

21 February 2013, 12:39 GMT

Cairo must press ahead with key infrastructure projects regardless of the current political turmoil

Package

Doha shores up Egypt’s finances Subscription

10 January 2013, 13:10 GMT

Qatar is serious in building ties with Egypt’s leadership, but it is helping the country put off economic reform

Package

Doha shores up Egypt’s finances Subscription

10 January 2013, 13:10 GMT

Qatar is serious in building ties with Egypt’s leadership, but it is helping the country put off economic reform

Package

Doha shores up Egypt’s finances Subscription

10 January 2013, 13:10 GMT

Qatar is serious in building ties with Egypt’s leadership, but it is helping the country put off economic reform

Egypt: The opposition says the constituion is doubtful

Urgent need for political unity

20 December 2012, 12:27 GMT

Mursi needs to build a consensus to reverse Egypt’s slide into instability

Egypt: The opposition says the constituion is doubtful

Urgent need for political unity

20 December 2012, 12:27 GMT

Mursi needs to build a consensus to reverse Egypt’s slide into instability

Egypt

Unrest cripples Egypt’s industry

6 December 2012, 12:53 GMT

The industrial projects market has ground to a halt as foreign investors continue to stay away

Egypt

Unrest cripples Egypt’s industry

6 December 2012, 12:53 GMT

The industrial projects market has ground to a halt as foreign investors continue to stay away

Unease: Many Egyptians are unsure of Mursi's aims

Revolution may begin anew in Egypt

29 November 2012, 14:41 GMT

Opponents fear a return to dictatorship of Egypt’s past

Unease: Many Egyptians are unsure of Mursi's aims

Revolution may begin anew in Egypt

29 November 2012, 14:41 GMT

Opponents fear a return to dictatorship of Egypt’s past

Egypt: Activists used Twitter to rally protesters

Online activism is major threat

8 November 2012, 12:19 GMT

Social media sites give the Gulf’s growing youth population a voice

Egypt: Activists used Twitter to rally protesters

Online activism is major threat

8 November 2012, 12:19 GMT

Social media sites give the Gulf’s growing youth population a voice

Mursi: Trying to bring investment back to Egypt

Lease of life for petrochemicals in Egypt

11 October 2012, 16:11 GMT

Eighteen months into post-Mubarak Egypt and the petrochemicals sector is set for an influx of funding

Egypt

The Arab world’s 1979 moment Subscription

3 October 2012, 9:02 GMT | By

As the Iranian challenge fades, the Arab world is where the Middle East’s future will be shaped

Egypt

The Arab world’s 1979 moment Subscription

3 October 2012, 9:02 GMT | By

As the Iranian challenge fades, the Arab world is where the Middle East’s future will be shaped

Tunisia: Educated youth protesting due to joblessness

Euro crisis will test new rulers

20 September 2012, 14:18 GMT

Europe’s economic woes will make the job creation challenge worse

Tunisia: Educated youth protesting due to joblessness

Euro crisis will test new rulers

20 September 2012, 14:18 GMT

Europe’s economic woes will make the job creation challenge worse

Cairo: Protesters storm the US embassy area

What now for US, Egypt and Libya? Subscription

13 September 2012, 14:55 GMT

Attacks on embassies in Libya, Egypt and Yemen raise concerns for future US engagement in the region

Cairo: Protesters storm the US embassy area

What now for US, Egypt and Libya? Subscription

13 September 2012, 14:55 GMT

Attacks on embassies in Libya, Egypt and Yemen raise concerns for future US engagement in the region

More MEED commentary

Special reports

Power

Power & Water: Egypt takes on supply crisis Subscription

17 January 2013, 6:12 GMT

Power supply problems were recently illustrated by the government’s proposal to introduce new closing hours in the hospitality sector

Egypt

Egypt: Tackling the economic and political crises in Egypt Subscription

28 June 2012, 14:40 GMT

Five hundred days after Hosni Mubarak lost power, Egypt has a democratically elected president

Egypt

Egypt: Tackling the economic and political crises in Egypt Subscription

28 June 2012, 14:40 GMT

Five hundred days after Hosni Mubarak lost power, Egypt has a democratically elected president

More Egypt special reports

Market presentations

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

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

MEED's 2020 Vision: A presentation Subscription

27 January 2011, 9:23 GMT | By

An exclusive MEED presentation looking at the key trends that will shape the Middle East economy in the coming decade.

MEED's 2020 Vision: A presentation Subscription

27 January 2011, 9:23 GMT | By

An exclusive MEED presentation looking at the key trends that will shape the Middle East economy in the coming decade.

More MEED webinars

Project awards

Hill International wins more work in Egypt Subscription

14 May 2013, 8:21 GMT | By

Contracts involve operations and maintenance services on museum and embassy

Irish and Italian consortium wins Egyptian gas exploration block Subscription

23 April 2013, 9:31 GMT | By

Egypt’s North Thekah and South Idku blocks awarded to consortium

Irish and Italian consortium wins Egyptian gas exploration block Subscription

23 April 2013, 9:31 GMT | By

Egypt’s North Thekah and South Idku blocks awarded to consortium

Saipem awarded contract on subsea gas facilities in Egypt Subscription

16 April 2013, 7:07 GMT | By

Italian company wins work on West Delta Deep Marine concession for Burullus Gas Company

Saipem awarded contract on subsea gas facilities in Egypt Subscription

16 April 2013, 7:07 GMT | By

Italian company wins work on West Delta Deep Marine concession for Burullus Gas Company

Foster Wheeler wins Egyptian consultancy contract Subscription

3 April 2013, 10:15 GMT | By

US engineering firm Foster Wheeler will oversee construction work at Qasr condensate field in Egypt

Joint venture signs Nile Towers deal Subscription

24 March 2013, 11:22 GMT | By

Arabtec Construction and local SIAC Industrial Construction and Engineering sign $153m contract

Joint venture signs Nile Towers deal Subscription

24 March 2013, 11:22 GMT | By

Arabtec Construction and local SIAC Industrial Construction and Engineering sign $153m contract

Cairo metro awards Line 1 renovation contract Subscription

3 February 2013, 5:31 GMT | By

Construction contracts for Line 3 still to be tendered

Hill International wins Egypt real estate management deal Subscription

16 January 2013, 6:57 GMT | By

US firm will provide project management services on tower scheme in Cairo

Hill International wins Egypt real estate management deal Subscription

16 January 2013, 6:57 GMT | By

US firm will provide project management services on tower scheme in Cairo

Top 10 projects

Rank Project Name Sector Contract value ($m)
1 Tahrir Petrochemicals Complex Chemical 3,750
2 Samalout Power Plant Power 2,900
3 Mostorod New Refinery: Hydrocracker Oil 1,900
4 Future City Construction 1,800
5 Mostorod New Refinery: Crude Distillation Unit Oil 1,600
6 Madinaty: Phase 2 Construction 1,500
7 Grand Heights Construction 1,170
8 Alexandria Hospital Healthcare 1,030
9 Degla Palms Construction 1,000
9 Nile Corniche Towers Construction 1,000
9 Sharm el-Sheikh Scheme Construction 1,000
Click through to the full data table on Egypt's biggest projects in construction
Click through to MEED's Q1 2013 Top 100 Projects report
Source: MEED Projects; Data compiled: April 2013; All projects are in execution

Companies

Agthia Group Subscription

Abu Dhabi-based food services company Agthia Group was established in 2004

Suez Cement Group Subscription

Political upheaval has taken a toll on the profits of Egypt’s largest grey cement producer

See all company profiles

People

Bruno Carre Subscription

12 February 2013, 6:41 GMT

Bruno Carre is managing director, Suez Cement Company

Bruno Carre Subscription

12 February 2013, 6:41 GMT

Bruno Carre is managing director, Suez Cement Company

Giorgio Bodo Subscription

12 February 2013, 6:24 GMT

Giorgio Bodo is chief executive officer, ASEC Cement

Giorgio Bodo Subscription

12 February 2013, 6:24 GMT

Giorgio Bodo is chief executive officer, ASEC Cement

Ahmed Heikal Subscription

7 October 2012, 12:50 GMT

Ahmed Heikal is chairman, Citadel Capital

Ahmed Heikal Subscription

7 October 2012, 12:50 GMT

Ahmed Heikal is chairman, Citadel Capital

Mohamed el-Dib Subscription

3 September 2012, 11:46 GMT

Mohamed el-Dib is chief executive officer, National Societe Generale Bank

Mohamed el-Dib Subscription

3 September 2012, 11:46 GMT

Mohamed el-Dib is chief executive officer, National Societe Generale Bank

Bruno Gamba Subscription

3 September 2012, 11:36 GMT

Bruno Gamba is chairman and managing director, Bank of Alexandria

Bruno Gamba Subscription

3 September 2012, 11:36 GMT

Bruno Gamba is chairman and managing director, Bank of Alexandria

Andrew Long Subscription

3 September 2012, 11:28 GMT

Andrew Long is CEO, HSBC Egypt

Andrew Long Subscription

3 September 2012, 11:28 GMT

Andrew Long is CEO, HSBC Egypt

More Egypt biographies

Latest Egypt news

Inflation in Egypt to rise

23 May 2013, 13:43 GMT | By

Government’s reliance on central bank funding will further reduce low living standards

Filter Egypt news by sector

Tenders

Egypt: Artificial kidney requisites Subscription

17 May 2013, 14:30 GMT | By

Supply of artificial kidney requisites

Filter Egypt tenders by sector

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Research reports

renewable report

MENA Renewable Energy 2013 Report

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