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Advisory Board 2016 Takeaway 1

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 ongoing operations are not affected.

Though foreign money is clearly critical, it was felt that this is only the start and domestic financing is also required to secure the future of Egypt’s downstream industry through growing investments.

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