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Thndr Claps » EGY Claps » Economy 🏙 » Egypt looks to gas exploration for FDI🔎

Egypt looks to gas exploration for FDI🔎

by Shams Abbas
December 22, 2022

The Clap
Egypt is planning to hold an international bid for gas exploration in 12 different regions, including the Mediterranean and Nile Delta.

What
If you’re wondering how much money has been invested in oil in Egypt over the past 7 years – the grand total is a whopping 1.2 trillion pounds, from both local and foreign investors.

So what
Not only is gas exploration a great way to bring in foreign investment, it also creates job opportunities & boosts the country’s economic activity. 

Now what
International companies are welcome to join in, & submissions will be open for the next 5 months starting next week.

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