Egypt Downstream Advisory Board: Egypt is facing a shortage of foreign investment
Back in December, we held the annual Egypt Downstream Advisory Board meeting, which was a gathering of the industry’s stakeholders. See who was in attendance here. We have a series of takeaways from the Advisory Board which we will be releasing over the next few weeks.
Takeaway 1: Egypt is facing a shortage of foreign investment
There has been a severe shortage of foreign investment into Egypt’s downstream industry, hampering its development. Unsurprisingly, it was therefore highlighted as the most critical problem, leading to projects being halted or being altogether shelved.
There was a call for the likes of the European banks to invest in projects. While financing and legal aspects are ironed out, the challenge is to ensure that on-going operations are not affected. Though foreign money is clearly critical, it was felt that this is the start and domestic financing is also required to secure the future of Egypt’s downstream industry through growing investments.
Want to read the rest of the takeaways? Download the full report here.
Back for 2017, the 2nd annual Egypt Downstream Summit & Exhibition will address the financing challenge through interactive sessions and speakers from FACT, NBK Capital Asset Management and European Bank for Reconstruction & Development.
Register your interest to be involved in Summit.