Egypt: Foreign companies’ acquisitions to grow by 180% in 2018 (Baker McKenzie)
Wednesday, 24 January 2018 16:19
Acquisitions by foreign firms in Egypt will rise by 180% to stand at $4.2 billion in 2018, Chicago-based international business law firm, Baker McKenzie, revealed.
According to the firm, this strong progress will be fostered by a 50% devaluation of local companies’ value in US dollar compared to Egyptian pound.
Barker’s estimates show that foreign companies increased their acquisitions, on Egyptian market, by 150% to $1.5 billion in 2017 against $550 million in 2016.
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