Egypt Petroleum Show (EGYPS)
11 Feb 2020, New Cairo Exhibition Centre
Open to: All UK companies
The EIC are proud to be organising and managing the UK National Pavilion at Egypt Petroleum Show (EGYPS) 2020.
Why EGYPS?
In recent years Egypt has made significant strides towards becoming a nation with a well-developed and diverse energy sector with the potential to become a net exporter of energy once again. The energy sector is an important driver of Egypt’s socio-economic development and accounted for around 13% of GDP in 2017. The country is developing into a regional energy hub which presents vast opportunities across multiple sectors. The vast availability of natural resources and a strategic geographical location should enable it to become a key MENA player across the oil and gas, power and renewables sectors.
In 2018, Egypt was the largest non-OPEC oil producer in Africa and third largest of dry natural gas. Egypt also plays a vital role in international energy markets through its operation of the Suez Canal and the Suez-Mediterranean (SUMED) Pipeline. Foreign investment into the oil and gas sector reached approximately $ 10 billion in 2018, marking a reversal of the trend of a few years ago, when foreign investors shied away from the country following the 2011 revolution. EICDataStream currently tracks close to 50 projects in the oil and gas industry with a combined CAPEX worth more than $ 52 billion. Despite important oil and gas field development upstream, the vast majority of these opportunities are downstream in the petrochemical industry.
Electricity consumption in Egypt is increasing faster than capacity expansion, and the country is currently witnessing a substantial power crisis. Egypt’s installed power generation capacity was around 39 GW by the end of 2016 and electricity generation was 187Twh. Only about 60–70% of capacity was operating, mainly due to the country’s inability to import raw materials necessary to produce power. Egypt had originally outlined plans to install 30 GW of additional capacity between 2010 and 2020, of which about 25 GW have been completed by 2019. EICDataStream currently tracks more than $ 70 billion of opportunities in the power sectors, across all technologies from nuclear, conventional to coal and with a substantial of growth of the renewables solar and wind projects.
Going forward Egypt presents numerous opportunities for the entire supply chain across multiple sectors, as the country seeks greater foreign investment by reducing entry restrictions and increasing the ease of doing business.
About Egypt Petroleum Show
The EGYPS 2019 exhibition featured 400+ exhibiting companies from over 38 countries delivering a unique and vital platform for industry interaction between National and International Oil Companies, International Service Providers & Engineering, Procurement & Construction Companies and over 20,000 regional and international attendees.
Across three days, the exhibiting companies met over 20,000 visitors and showcased new projects, technologies, key products and services to help deliver growth with the Egyptian and North African hydrocarbon sector.
Why exhibit as part of the EIC Group?
• Prime location in Hall 2
• A dedicated project manager
• Enhanced promotion
• Appointed UK freight partner & stand designer
• High visibility presence
• Networking opportunities
• Catered group lounge
• Help to identify potential partners & customers
• Listing in UK group brochure
• High spec furnished stand within UK Pavilion
Exhibit on the UK National Pavilion and generate sales leads, increase brand awareness within the North African oil & gas markets, launch new products/services and meet with and sell to existing and new clients.
For more information or to register your interest please contact sarah.gilley-lansdell@the-eic.com or pamela.nicholson@the-eic.com