President Abdul Fattah al-Sisi has secured a second term after winning Egypt’s presidential elections in late March with 97 per cent of the vote.
The result was announced on 2 April. The result was widely expected, with Al-Sisi running against the little known Al-Ghad Party leader Moussa Mostafa Moussa. According to Egypt’s election committee, the turnout was 41.05 per cent.
Al-Sisi rose to prominence in 2013 when he led the army’s overthrow of President Mohammed Mursi, the Muslim Brotherhood candidate, just 12 months after his election in June 2012. Al-Sisi was elected following a landslide victory in the May 2014 elections.
While Al-Sisi’s grip on power has been criticised, his re-election is expected to provide continuity that will support projects being developed in the country. According to regional projects tracker MEED Projects there are $418bn of projects planned or underway in Egypt. These include a nuclear power project, new lines for the Cairo Metro network, and the development of the Zohr Gas field discovered in 2015.
Many of these major projects rely heavily on international funding.
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