Egypt plans to derive 20% of its electricity from renewable sources by 2020

FACT No 7

Egypt plans to derive 20% of its electricity from renewable sources by 2020
Women to form 11% of Egypt's next parliament

FACT No 22

Egypt is home to 30% of the Arab world's bloggers
Egypt's economy is expected to grow four percent in 2009, in the midst of the global recession

FACT No 3

Egypt's economy is expected to grow four percent in 2009, in the midst of the global recession
Cairo is home to Africa's only subway

FACT No 5

Cairo is home to Africa's only subway
The World Bank named Egypt 2008's top economic reformer in the Middle East for the third year in a row

FACT No 1

The World Bank named Egypt 2008's top economic reformer in the Middle East for the third year in a row

Online Newsroom: E-Alerts

Egyptian Minister Sees Strong Economic Rebound Extending In 2010

January 28, 2010

Wall Street Journal

Egypt's economy will continue to defy headwinds from the developed world this year, helped by a strong consumer and banking sector and by sustained inward investment, Trade and Industry Minister Rachid Mohamad Rachid said Wednesday.

One of Africa's largest economies, Egypt managed to grow by 4.5% in 2009, a year when Europe and most of the developed world suffered its worst recession in 60 years, and Rachid said the government expects growth to quicken to 5% this year and 7% in 2011.

Rachid also said that the government is keen to attract more investment in renewable energy, especially wind power along the Red Sea coast in the east of the country--"one of the best natural wind tunnels in the world," as he described it.

Egypt, whose production of natural gas has trebled in the last decade, has set itself the target of sourcing 20% of its energy needs from renewable sources by 2020.

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