Since the revolution in 2011, Egypt’s economy has suffered a series of blows due to the political and civil unrest which has affected key sectors such as tourism and construction. However, increased stability in recent years and the launch of several bold new initiatives, such as the improvement of critical infrastructure nationwide, has reversed Egypt’s economic fortunes.
At the core of the Egyptian government’s plans to revitalise the economy is the encouragement of further infrastructure investment projects in the port development and transshipment sector. Egypt is already making the most of its strategic global position to serve growing markets in both Asia and Europe, and the expansion of the Suez Canal and other vital port facilities demonstrates the government’s commitment to solidify that advantage.
The expansion and refinement of logistical facilities around Egypt’s key ports and the Suez Canal Zone (SCZone) will create sufficient industrial, residential and agricultural capacity to support their economic development and attract even greater levels of both foreign and domestic investment. This process has already begun. A number of the mega projects currently underway are supported by strong financial establishments such as Barclays bank, who have emphatically shown their commitment to developments in the Golden Triangle region…
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