Middle East & North Africa Economics

Middle East Watch

6 February, 2018

Egypt’s gas sector experiencing a renaissance

Last week, Egypt’s President al-Sisi inaugurated the Zohr gas field which, combined with the onset of production from a number of other fields, will provide a sizeable boost to GDP growth over the next few years and also help to rein in the country’s large twin budget and current account deficits. That said, investment into the gas sector will need to be raised further if these gains are to be sustained beyond the next five years.

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