New Market Research Report: Egypt Infrastructure Report Q4 2013
Construction activity in Egypt has gained momentum, with the segment having registered 6.6% real growth in the first nine months of FY2013, according to the Bank of Egypt. This has prompted us to revise up our real growth forecast for FY2013 to 5%, although we still expect growth to slow down over FY2014, as the business environment has deteriorated due to the recent political upheaval in the country. Construction growth in Egypt is dependent upon demand for projects and foreign...
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