Egypt Water Report Q1 2015
BMI View: This quarter has seen the extensive upgrading of our water sector forecasts for Egypt, whichnow include mains and sewage network connectivity, desalinated water production, non mains consumptionand treated wastewater forecasts. We have also revised our existing forecasts to take the new data intoaccount. Overall, we believe that the political recovery, and influx of financial support and foreigninvestment from various sources including the UAE and the US, will improve the country's economy, andincreased stability will encourage sustained water infrastructure investment. Given the ongoing risks ofreduced water availability due to the Ethiopian dam plans, we view the additional investment as crucial toboosting Egypt's water resources over the medium term.
The election of President Abdel Fattah al-Sisi has been positive for Egypt's infrastructure development andthe country's economy in general. Our Country Risk team expects a significant upswing in foreign directinvestment (FDI) inflows into Egypt over the coming quarters as political stability and pent-up demandentice investors back into the country. Furthermore, President Sisi has indicated that infrastructuredevelopment is a top priority for his government and given the imminent threat of a reduction in the Nileflows following the completion of the contentious Ethiopian Renaissance Dam, we expect waterinfrastructure to be a central concern.
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