Recent Study: Egypt Infrastructure Report Q1 2014
As we anticipated, Egypt's construction industry has gained momentum in FY2013 with official figures reporting 5.9% real growth (our forecast indicated 5%). However, we are more cautious as for FY2014 when we anticipate slower growth of 3.6%, partly as a result of base effect and partly due to deterioration in the country's business environment. Despite high demand for investment in infrastructure, the government's capacity to fund projects is limited and Egypt continues to be highly dependent upon loans and financial...
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