Breakfast Briefing - Investing in a revolving Egypt
Date: Wednesday 10 February 2016
Time: 08:00 - 09:30
Investing in a revolving Egypt Egypt has undergone enormous political and economic changes since the January 2011 uprising, and the repercussions will continue to impact Egypt’s evolving political and investment landscape.
The increasing stresses within the economy, compounded by the quickly-growing population and high inflation rates, are felt by foreign investors facing foreign currency shortages and capital controls. The general level of risk has risen.
However, these issues also mask some very significant strengths, not least in the very low levels of private sector and household debt and an exceptionally vibrant informal sector, which have kept the economy growing. With the largest consumer market in the Middle East and North Africa, Egypt has also seen significant foreign direct investment, not least in the consumer and energy sectors. Much more is needed, and planned.
With a new parliament now sitting, Egypt also has an accountable political body. This will now, along with President Abdelfattah El-Sisi and the cabinet, need to take some tough political decisions to achieve further economic reform.
This Breakfast Briefing will analyse:
- The overall economic background and outlook
- The major stresses in the economy and whether the government will do enough to diminish them
- A review of the positive areas for investors, including the oil and gas and consumer sectors, as well as various infrastructure schemes, including the development of the Suez Canal zone
- The outlook for foreign direct investors
- The political environment