FINANCIAL NEWS

Egypt’s economy to grow despite challenges

01 Feb 2016

(MENAFN) Egypt’s economic situation slowed due to the revolution in 2011, while economic activity started to grow because of public and private investment.

Moreover, the main reasons of the growth are; increased activity from the Suez Canal Authority and increased dividends in addition to the improvement of surrounding areas.

In addition, other projects involving extra investment in natural gas production and electricity production and the discovery of a huge offshore natural gas field is credit positive.

However, key challenges to investment in the country involve infrastructure bottlenecks and unreliable energy supply, together with an inflexible and inefficient labor market.

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