Daily News Egypt: FDI in oil and gas unaffected by Egypt’s instability

Political instability in Egypt did not impede the possibility of greenfield foreign direct investment (FDI) in the country’s oil and gas sector, an Economic Research Forum (ERF) supported research paper has shown.

The paper studied the effect of political instability on FDI in the Arab world, with research conducted by Martijn Burger, Elena Lanchovichina, and Bob Rijkers.

The paper pointed out that companies including Emirati Dana Gas and Italian EniSpA have announced recent major investments in the oil and gas sector despite Egypt’s uncertainties.

FDI in Arab countries was negatively affected, however, in non-oil manufacturing activities, due to revolutions and instability, the paper highlighted. This has been applicable in countries like Egypt, Tunisia, Syria, Libya and Yemen.
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