Egypt

Egypt: Abu Dhabi FDI deal a big band aid at best, an Arabtec-type deal at worst

  • PM Madbouly announces fresh capital inflow of US$24bn, equal to gross FX reserves, from Abu Dhabi ADQ's real estate deal

  • Positive for external account: signals less FX devaluation than parallel rate was implying and may bring IMF deal closer

  • But another uncontested mega project Egypt needs less than education and infra capex: anyone recall 2014 Arabtec deal?

https://cdn.tellimer.com/providers/tellimer-avatarpng.png
February 25th, 2024
Subscribe to read this report

You can read this report by subscribing to a Starter or Pro plan today.

Already have an account? Log in

Disclosures

Tellimer is not authorised or regulated by any financial services regulator (including the Prudential Regulation Authority and the Financial Conduct Authority in the UK). Tellimer is a news and information service within the meaning of Article 54 of the Financial Services and Markets Act 2000 (Regulated Activities Order) 2001. The contents of this report are provided for information only and should not be regarded as invitation or inducement to engage in investment activity of any kind. Nothing in this article shall be construed as the giving of investment, tax legal or other advice by Tellimer or any other person.

As a User of the Tellimer Platform your Personal Data may be accessed by the Content Provider that Data for direct marketing. See Privacy Statement for more information.