Egyptian government hopes to attract foreign investment
The government is reforming the business climate to attract foreign investment — and it has gas and oil projects at the top of its wish-list
Egypt is trying to draw a line under the four years of instability which followed the 2011 uprising. Abdel Fattah al-Sisi, the former army commander who was elected president in May last year — the previous year he had deposed Mohamed Morsi, the Islamist leader who won the 2012 election — has a vision of an outward-looking Egypt, leading the fight against Islamist extremism. Foreign investment is to be encouraged with economic reforms and deregulation. The country’s troubled gas sector — production is declining, exports have collapsed and shortages have developed inland — was an early target. Improved terms led BP to announce the go-ahead for its West Nile Delta development in March — a $12
Also in this section
16 April 2026
Demand for oil is falling because supply cannot meet it, not because it is no longer required
16 April 2026
The continent has an immediate opportunity to make the most of its energy resources by capturing gas that is currently slipping away
15 April 2026
The continent is seeing political pushback to climate plans, corporate reassessment of transition goals and rising supply risk in a fractured global order
15 April 2026
The Middle East energy crisis may turn out to be pivotal to the industry’s long-term expansion, but significant challenges still stand in its way
