11 Aug 2022

EY (Ernst & Young) issued a report detailing M&A (mergers & acquisitions) activity in the MENA region in 1H22. The data revealed that Egypt was the second largest target country for M&A deals based on deal values, which totalled USD3.2bn over 65 deals. The UAE led the region with 105 deals worth USD14.2bn. Furthermore, Egypt’s inbound deal activity was tripled YoY in 1H22, pointing to Egypt’s rising attractiveness as an M&A destination, partly due to encouraging government reforms and initiatives. In total, there were 359 deals in the MENA region worth a combined USD42.6bn. The top industries in the MENA region by deal value were transportation, consumer goods, telecom, real estate, and power & utilities. (Sources: Ernst & Young (English), Zawya (English), Gulf Business (English), Khaleej Times (English), al-Maal, Mubasher, Amwal al-Ghad, Hapi Journal, Masrawy, al-Sharq Business, Forbes Middle East)