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Tuesday, 31 May 2016

Booz Allen Hamilton announces expansion in Egypt despite challenging climate

Booz Allen Hamilton is planning an expansion in Egypt, despite a challenging climate, Al Shorouk reports. The FX crunch and difficulty in repatriating funds stand as some of the biggest challenges in drawing private sector investment in infrastructure development projects under the public-private partnership model, said Nabih Maroun, Senior VP for MENA at Booz Allen Hamilton. These factors coupled with an intransigent bureaucracy and a propensity to not disclose information by the government is scaring off investors, Maroun added at a press conference announcing the expansion. Steps towards political stability has helped encourage Booz Allen Hamilton to take up the decision, Maroun noted.

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