Egypt Metals Report 2015
BMI View: We forecast modest growth in the Egyptian steel sector over the coming years, in line with ouroutlook for the wider economy. We expect the political situation to continue to show exhibit greater stabilityover the coming quarters and for stabilisation in the Egyptian pound.
0We remain positive about the effects of Egypt's transition towards a democratic government, as investorswill begin to look more favourably towards the country as a potential market to work with. We have seenthese positive effects on the country are already beginning to show. For 2014, we forecast steady Egyptiansteel production growth on the back of greater investment in expanding production capacity and morestability in the country following the 2013 ouster of the Muslim Brotherhood, as well as greater investmentpouring in from Gulf countries looking diversify their regional portfolios.
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