Mining Sector’s Contribution to Egypt’s GDP to Rise to 5% Over Next Two Decades
Ministry of Petroleum and Mineral Resources aims to raise the contribution of the mining sector to the gross domestic product (GDP) to 5% over the next two decades.
Ministry of Petroleum and Mineral Resources aims to raise the contribution of the mining sector to the gross domestic product (GDP) to 5% over the next two decades.
Reforms within the Petroleum Sector helped raise the Egypt's economic growth rate from 2% to 5.5% and increase foreign exchange inflows to about $163.6 billion since 2015.
Egypt's mergers and acquisitions (M&A) value increased by 285.6%, reaching $1.5 billion in 2018 with a total of 14 deals, compared to $389 million in 2017 that had only 10 deals.
Egyptian authorities will determine the date of future fuel-subsidy cuts, according to the Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF).
Page 1 of 1