Key View

• Egypt's power supply surplus will remain high over our 10-year forecast period as rapid generation growth outpaces underlying demand trends.
• The country will prioritise investment into new cross-border transmission interconnections, aiming to become a regional electricity supply hub
• Plans to build out its green hydrogen production

Key View

• At Fitch Solutions, we believe that Egypt's retail sector will become increasingly formalised over the medium-term (2021-2025), driven by an emerging mall culture.
• We highlight that strong growth in consumer spending and favourable macro-economic conditions over the coming years will create an attractive environment for mall and

Key View

• At Fitch Solutions we

Key View

• At Fitch Solutions, we foresee a strong rebound ahead for the Egyptian economy, with real GDP growth of 5.0% in FY2021/22 and 5.5% in FY2022/23.
• Private consumption and fixed investment will be the main driver of growth, while a rebound in goods exports and a gradual recovery in tourism activity means net exports will act as less of

Key View

• Low incomes and low levels of EV public charging station infrastructure penetration are some of the limiting factors preventing rapid adoption rates, particularly for passenger EVs.
• The electrification of Egypt’s public transportation remains the quickest way to electrify Egypt’s total vehicle fleet, as public transport operators

Key View

• Egypt is fast becoming a leading player in the MENA region in terms of fintech development, stimulated by the supportive environment created by the government.
• As a result, Egypt has attracted considerable investment from international venture capital firms, indicating widespread interest in Egypt's burgeoning fintech market.
• We see

Key View

• Continued investment will progress universal healthcare coverage in Egypt, however there will be limited opportunities for innovative drugmakers in the short-term.
• Challenging regulatory environment will impact pharmaceutical sales growth.
• Weak patent enforcement and compulsory licensing will favour locally produced generic drugs.

Key View

• We hold an upbeat outlook for Egypt's fertiliser sector, with a number of ongoing and planned projects expected to increase production capacity, especially for nitrogen fertiliser.
• We do not expect a substantial increase in domestic fertiliser consumption, due to high application rates and limited growth in crop production forecast

Key View

• Egypt has signed a USD7.5bn agreement for a major refining and petrochemical plant in Ain Sokhna, representing upside to our downstream production forecast and refining capacity.
• Whilst the investment furthers Egypt’s oil and gas hub ambitions, the current product slate of the new petrochemical complex will not alleviate the import

Key View

• We hold a positive outlook for Egypt's poultry sector, and forecast growth in both consumption and production.
• Poultry production growth will result from increased investment in the sector following Egypt's renewed ability to export poultry meat, with producers meeting international health standards. Rising domestic demand will also