Growth in Egypt is expected to have remained positive, but declined from 5.6% in FY2019 to 3.5% in FY2020, and then further to 2.3% in FY2021, before rebounding in FY2022.
Growth in the UAE is expected to reach to 2.5 percent by 2022; supported by the government’s mitigation and recovery plans, higher oil prices and production capacity, improved business sentiment and a boost from Dubai Expo2021.