Egypt is well placed to be a centre for trade in many sectors, and its significant oil and gas deposits – combined with efforts to modernise the industry and attract investment – make it a potential energy leader in the region. At the same time, while the mining industry accounts for around 0.5% of the country’s GDP, it is set to be one of the fastest-growing and most strategically important sectors of the decade in light of recent public policy priorities, with 42 initiatives in place to attract greater investment in mining under Egypt’s overarching development plan through to 2030.
This report focuses on recent developments in the petroleum and mining sectors, their resilience during the pandemic, and the outlook for development and growth in light of infrastructure investment and the global transition towards renewable energy.
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