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Oxford Business Group

Egypt's mega-projects trigger growth in construction

Egypt | Real Estate

The government of Egypt has placed a strong emphasis on infrastructure development and construction as key engines of urban growth and financial stability in the years since the country embarked on an ambitious IMF-backed economic reform programme in 2016. Egypt’s road networks, power production capacity and rail infrastructure have expanded rapidly in recent years, underpinned by population growth, a desire to increase exports and efforts to capitalise on the country’s strategic location.

Much of the sector’s underlying demand is a result of the growing population, in conjunction with a wider drive to decentralise Cairo’s population density. This, in turn, has created a need to develop additional infrastructure – particularly new cities such as the New Administrative Capital (NAC). Such mega-projects look set to propel construction activity from 2022 onwards. “Egypt’s growing population is the primary driver of construction activity,” Tarek Youssef, CEO of local construction firm Concrete Plus, told OBG. “While the country was able to navigate the Covid-19 pandemic without experiencing some of the most severe economic and health challenges seen in other countries, it highlighted the need to strengthen infrastructure.” Moreover, private sector investment will be increasingly key in meeting the goals of Egypt Vision 2030 as the country emerges from the Covid-19 pandemic.

Housing and urban development is overseen by the Ministry of Housing, Utilities and Urban Communities (MHUUC). The New Urban Communities Authority – affiliated with the MHUUC – is tasked with offering land for co-development under revenue-sharing agreements with private developers. The Ministry of Planning and Economic Development (MPED) ensures that the sector is managed in line with country’s development plans.

The Ministry of Local Development (MLD), for its part, is responsible for establishing building controls and requirements. Another important player is the Federation of Egyptian Industries, founded in 1922. The federation is home to a number of important actors in the construction industry, including the Building Materials Chamber and the Cement Division, the latter established in 2013 to develop the segment and promote its competitiveness on a global scale.

Egypt’s government has been working on various reforms and policy initiatives to support its urban agenda. Central to these efforts are public-private partnerships (PPPs), which the authorities are promoting in the construction sector. The PPP Central Unit housed in the Ministry of Finance is central to these efforts. Established in 2006, the agency seeks to leverage cooperation for project financing, reduce the government’s need for sovereign lending and ease the burden on the state budget.

Highlighting the importance of PPPs, according to the “Global Infrastructure Outlook” report published by the G20, Egypt will need $675.6bn in investment over the 2016-40 period to meet its infrastructure needs. The report estimated that the government would be in a position to provide up to $445bn of this figure, with the rest sourced from private players and international organisations. Given the fiscal challenges of 2020-21, the private sector will likely need to play an even more important role as the economic effects of the pandemic have affected the government’s capacity to fund large-scale projects in the short term. Indeed, PPPs look set to be a key factor in the sector’s trajectory in 2022 and beyond.

The government has also worked to improve standards and compliance. In March 2020 the Parliament approved the Unified Building Code, which had been in the works for several years. The legislation imposes harsher penalties on violations of the building code and on any state officials who do not penalise these violations, particularly for building on agricultural land. It also extends the validity of building permits from one to three years. In May of that year a sixmonth ban on construction permits in urban centres was announced, while at the same time the MLD required all private housing developers to halt operations until they present plans that meet legal requirements for construction. While these measures pushed demand for construction materials downwards during the suspension period, in the longer term the prevention of illegal construction works will create opportunities for developers to meet low-cost housing demand and benefit the wider economy.

Performance & Size

Egypt’s construction sector maintained a positive trajectory over the 2020-22 period despite pandemic-related challenges and the halting of construction in response to building code violations. In FY 2018/19 the segment contributed LE320.8bn ($20.4bn) to GDP at current prices, or around 6% of GDP, according to the MPED. This figure rose to LE374.7bn ($23.8bn) and LE429.2bn ($27.3bn) in FY 2019/20 and FY 2020/21, respectively. This reflected annual growth rates of 4.4% and 6.8% in FY 2019/20 and FY 2020/21, respectively. While down from an annual mean of 9.6% over the 2016-19 period, continued expansion underscores the resilience of the sector in the face of external challenges.

In addition to being a key driver of growth, the construction sector is a critical employer. In 2020, 3.5m people were employed in the industry, up from 2.7m in 2010. Large labour-intensive projects such as the NAC, New Alamein and other new cities – as well as transport infrastructure developments – helped to sustain employment levels during the pandemic.

Major Projects

Large-scale projects such as the construction of new smart cities – particularly the NAC some 35 km east of Cairo – have been a priority in the sector (see analysis). They have also strengthened the position of local businesses, which are important partners in the private sector. “The series of mega-projects carried out in recent years has added significant value to local construction firms, which have developed a depth of knowledge,” Sayed Farouk, president and CEO of the Arab Contractors, told OBG. “Egyptian companies that have developed resources and experience through the completion of these projects are in a position to offer their services at a competitive price when compared to international firms.”

According to Deloitte’s 2020 “Africa Construction Trends Report 2020”, Egypt was a leader in construction projects by number and by value for the year. Indeed, with 40 projects valued at $93.6bn, Egypt accounted for 84% of North Africa’s overall project value. The report highlighted the $60bn NAC as the region’s most valuable project, and noted that the country accounted for eight of the top-10 projects by value. The other projects cited included the $4.8bn Cairo Metro Line 3 project, which will span 17.7 km and comprise 15 stations; the $4.5bn East Cairo-NAC monorail, which will run 54 km and include 22 stations upon completion in 2023; and the $4.5bn, 50-km King Salman Bridge, also called the Saudi-Egypt Causeway.

In addition to the metro line, in October 2021 the National Authority for Tunnels granted a $4.5bn rail construction contract for the first phase of Egypt’s high-speed electric rail to a consortium including German multinational Siemens and local firms Orascom Construction and the Arab Contractors (see Transport & Logistics chapter). The 1800-km line is expected to create 15,000 direct jobs, transport over 30m people annually and increase freight capacity by up to 15% upon completion, targeted in 2027. Operations for the first phase will comprise of 660 km of rail linking 18 stations from the port city of Ain Sokhna on the Red Sea to Marsa Matrouh and Alexandria on the Mediterranean Sea.

The acceleration of this raft of projects is helping to raise standards in the industry, and will ultimately boost competitiveness and create opportunities for investment in the long run. “Egypt has made solid progress in expanding its production capacity in recent years, and demand will continue to rise as investment is made in manufacturing and industry,” Alaa Kamal, managing director of engineering firm INP Egypt, told OBG. “There will be significant opportunities within the power generation and distribution segments in the medium term to accommodate this growth. These projects can also increase the environmental sustainability of Egypt’s power sector.”

Another major project is the expansion of Cairo Metro. Construction of the LE6.3bn ($400.3m) first phase of Line 4 will comprise laying 19 km of rail for 16 stations, and is set for completion in 2026. In November 2020 a consortium including Orascom Construction and Japanese firm Mitsubishi were awarded an $800m contract for the signalling, power supply, fare collection and track work of the new line. This was followed by the National Authority for Tunnels awarding a contract to Orascom and French company Thales in June 2022 for the design and construction of telecommunications, central control and ticketing for the line. In the coming years such transit works will promote growth, help leverage the country’s strategic location and serve the needs of the large population. “By improving rail and logistics infrastructure, Egypt will be able to leverage its geostrategic location better, at a time when global supply chains are under pressure,” Waleed Abdel Fattah, senior vice-president and managing director for Africa at Hill International, told OBG.

With Egypt revealing plans in January 2022 to bid for the 2036 Olympics, a successful pitch – which would be a first for both Africa and the Middle East – is expected to further bolster demand for the construction of transport infrastructure, accommodation and sporting venues. Such a development would further raise the competitiveness of the construction sector, as occurred in Qatar in the run up to the country hosting the 2022 FIFA World Cup.

Building Materials

The prices of building materials fell in early 2020 as activity slowed due to the onset of the pandemic, a trend reflected in global commodity prices. In March 2020 cement and steel bar prices dropped by 3% and 4%, respectively, compared to the previous month, while the volume of cement sold in 2020 fell by 4.8%, from 43.8m tonnes in 2019 to 41.7m tonnes. The sales of building materials was supported by the fact that activity on the NAC and other projects resumed by May of that year, ensuring a source of continued demand, even as the pandemic put external pressure on prices.

The segment was also aided by a move to mitigate the effects of the health crisis, reduce production costs and increase the competitiveness of Egyptian companies on a global scale. In March 2020 the government lowered natural gas prices for industrial use to $4.50 per 1m British thermal units (Btu). This was down from $6 per 1m Btu for cement producers at the close of 2019, and $5.50 per 1m Btu for iron, steel, aluminium and copper manufacturers.

In 2021 the commodity price trajectory reversed in markets around the world: due in part to this trend, the prices of different construction materials in Egypt rose between 13% and 51% year-on-year in the first half of 2021. In October of that year Egypt reversed the natural gas price cut, raising the cost by 27.8% to $5.75 per 1m Btu for high-consuming industries such as cement, iron and steel.

Further intervention helped to raise cement prices in 2021. With supply outpacing demand, in early July of that year – and after months of talks between the Ministry of Trade and Industry, and local cement producers – a production cut was approved by Egypt Competition Authority. According to the agreement, a one-year baseline production cut of 10.7% was effective starting July 15, 2021. Within a few days of the announcement, local media reported a LE50 ($3.18) per tonne increase in the price of cement. Indeed, cement prices rebounded 20% between January and August that year, to LE900 ($57.19) per tonne. As of May 2022 the price of Portland cement ranged from LE1260 ($80.06) to LE1290 ($81.97), an increase of around 57% from end-2019 figures, when it cost LE800 ($50.83) per tonne. This points towards a positive growth trajectory for the segment as Egypt’s mega-projects combine with the global return to economic activity and recovering oil prices to buoy construction activity in 2022 and beyond.

Egypt’s public sector maintained robust construction investment levels in recent years despite external headwinds, contributing LE33.3bn ($2.12bn) in investment in FY 2020/21 – a figure roughly equal to the FY 2017/18 level of LE33.6bn ($2.13bn), but up from the LE29.6bn ($1.88bn) invested in FY 2019/20, according to MPED data.

A 2021 report from the ministry revealed that between July 2014 and June 2021 the value of the government’s completed building projects and those under way exceeded LE4trn ($254.2bn) across 25,000 projects. The publication tallied 16,000 completed projects between July 2014 and December 2019 alone. Of these, 4446 projects valued at LE296bn ($18.8bn) were in Upper Egypt. Border governorates accounted for 1498 projects, with a value of LE182bn ($11.6bn). The oil and mineral sector accounted for the highest value of total and completed projects, with LE1.1trn ($69.9bn) across 326 undertakings. The majority of large-ticket projects were completed prior to 2020, with 229 projects worth LE47bn ($3bn) still under way during 2020-21.

A sectoral breakdown of the remaining projects highlights the government’s focus on sustainable development in terms of both environmental and social criteria, and the commitment to transport infrastructure development for long-term growth and quality of life improvements. Works related to housing, utilities and informal settlements accounted for the largest value of projects completed, at LE830bn ($52.7bn) across 3696 projects, while 2270 projects valued at LE622bn ($39.5bn) were still under way. Electricity and renewable energy accounted for the second-highest value of projects already completed, at LE387bn ($24.6bn) over 538 projects, while 43 projects valued at LE88bn ($5.6bn) were still ongoing. Meanwhile, health and education represented the highest number of total and finished projects: the sectors accounted for 4660 completed projects valuing LE46bn ($2.9bn); by mid-2020, 846 higher-ticket projects were still in process at an investment of LE100bn ($6.3bn). In the transport sector LE478bn ($30.4bn) worth of developments in 146 projects were ongoing, while 531 projects were completed for LE175bn ($11.1bn).

This focus on the sustainable development of resources, housing, health, education and transport underscores the public sector’s focus on enhancing quality of life, mitigating environmental risk and unlocking productivity-driven growth. These principles are aligned with Egypt Vision 2030 and broader global development goals (see Economy chapter). The topic of sustainable cities is also on the agenda of the COP27 UN Conference on Climate Change, to be hosted in Sharm El Sheikh in November 2022.

Other segments poised for growth in the coming years include those related to technological advancements, such as building information modelling and modular construction, which will help raise the industry’s competitiveness and increase its investment appeal. This follows a trend seen in sectors across the economy. “The construction and real estate sectors have been slower to incorporate digitalisation, new technologies and sustainability into projects and developments than other areas of the economy,” Bishoy Azmy, CEO and executive director of construction firm ASGC Group, told OBG. “However, I believe the industry is ripe for disruption and there are opportunities to innovate and create products that address evolving customer needs – not least of which is affordability – partly by adopting technologies that enhance productivity, and partly by rethinking various stale parts of the process, such as design and procurement.” Despite enthusiasm for new tools and processes, the integration of advanced technologies will likely come with a learning curve. “The acceleration of digital solutions and the introduction of artificial intelligence look set to present one of the sector’s standout challenges in the short to medium term,” Ehab Mokhtar, CEO of local design firm IDIA Architects, told OBG.

The construction sector has received a boost from international donors and multilateral financial institutions in recent years. Combined with the active promotion of private sector participation and robust public sector commitment to development and opportunities presented by Egypt’s mega-projects, this has helped strengthen the industry’s competitiveness and raised the appeal for foreign investment. Foreign direct investment (FDI) in the construction sector reached $884.2m in FY 2019/20, according to the latest data from the Central Bank of Egypt, representing 5.6% of total FDI inflows. This marked a considerable increase from $691.8m – equal to 4.2% of the total – the previous fiscal year. Indeed, the development of new cities, transport networks and other mega-projects look set to present a range of opportunities for local and foreign investment in the coming years.

Construction is viewed as a key driver of urban growth and financial stability, particularly with a renewed focus on Egypt Vision 2030 as the country emerges from the economic challenges seen in the 2020-21 period. While the government remains committed to providing financing to the sector, strengthening the regulatory framework and improving compliance, private investment and PPPs are set to be central tools in the country’s efforts to sustain its development programmes. Improvements to the transport network and a focus on sustainable development will help to unlock productivity-driven growth, serve an expanding population and capitalise on Egypt’s strategic location in the wider region.

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Egypt’s New Capital-City Megaproject

  • Alan Taylor
  • August 30, 2023

First announced in 2015, Egypt’s new, as-yet-unnamed capital city has been under construction for years, at an estimated cost of more than $50 billion. Temporarily referred to as the New Administrative Capital, the massive development is just one of several megaprojects being built by the government of President Abdel Fattah el-Sisi. The new city, about 28 miles southeast of Cairo, is planned for more than six million residents, and is designed in part to relieve traffic and other stresses on the crumbling infrastructure in Cairo. The project, largely operated by Egypt’s Ministry of Defense, will consolidate and move government headquarters into a more controlled setting, monitored by more than 6,000 surveillance cameras. It is already home to the tallest building in Africa, a huge presidential palace, dozens of ministry buildings, schools, hospitals, mosques, and churches—with many more to come. Completion remains years away, and the Egyptian government has gone deeply into debt, but some people have begun moving in, even though many Cairo residents, according to Reuters , say they “cannot afford to live in the new city.”

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Several tall buildings are seen under construction in a desert, including business towers and a mosque.

Vehicles drive along a road near the newly built Shuhada mosque at Egypt's New Administrative Capital, about 45 kilometers east of Cairo, on March 7, 2021. #

An aerial view of an office-building complex under construction, made up of 10 octagonal buildings arranged within circular roads

This aerial photo taken on March 13, 2020, shows ongoing construction of The Octagon, the new headquarters for the Egyptian Ministry of Defense, in the New Administrative Capital. When complete, the site will become the largest defense-headquarters complex in the world. #

A huge cathedral is seen under construction in a desert area.

Workers continue construction of the enormous new Coptic Cathedral, The Nativity of Christ, in the New Administrative Capital on January 3, 2019. #

A before-and-after pair of satellite images showing a large construction project in a desert

A before-and-after pair of Google Earth satellite images that show the largely untouched site of the New Administrative Capital in 2014, and again in 2023. The image spans about six miles from side to side, and includes the residential, government, and business districts. View it on Google Maps here . #

An elevated view of a number of tall buildings under construction

A view from the under-construction Iconic Tower skyscraper, showing ongoing work in the business and finance district of Egypt's New Administrative Capital on August 3, 2021 #

A very wide highway, with only a few vehicles using it

Vehicles drive on a 12-lane section of the new highway leading to the New Administrative Capital, on October 18, 2017. #

A truck drives past rows of new apartment buildings.

Apartment blocks in the residential district of Egypt's New Administrative Capital, seen on July 31, 2023 #

The interior of a new sports stadium

A view inside the New Capital Stadium in the New Administrative Capital, seen on December 28, 2020 #

An aerial view of several large construction sites in a desert

An aerial view of the construction site of the business and finance district and other sections of the New Administrative Capital, seen from the window of an airplane on April 9, 2021 #

A view of a very tall building in a construction site

Builders work beneath the new Iconic Tower skyscraper on August 3, 2021. The structure topped out in 2021 at a height of 393.8 meters (1,292 ft), making it the tallest building in Africa. #

Two workers move a wheelbarrow with a wonky wheel at a construction site.

Workmen move a wheelbarrow during construction work at Egypt's new parliament headquarters on March 7, 2021. #

A satellite view of buildings in a government district under construction

This Google Earth satellite view from 2023, about 3 km (1.85 miles) across, shows a view of the New Administrative Capital's Government District, with large offices set up for multiple government ministries. See it here on Google Maps. #

Two workers in a large construction site

Chinese workers stand at the site of the Iconic Tower skyscraper on August 3, 2021. #

Workers stand on lifts among several large buildings under construction.

Construction takes place in the New Administrative Capital's Central Business District on July 24, 2023. #

People walk beside supports of an under-construction light-rail track.

Egyptian workers and vehicles are seen on a road next to the construction site of a new light-rail track in the New Administrative Capital on June 21, 2023. #

An elevated view of a large cluster of new apartment buildings

Residential buildings are seen in the New Administrative Capital on March 8, 2021. #

A satellite view of a large new sports complex

This Google Earth satellite view from 2023 shows the enormous new sports complex, including the New Administrative Capital Stadium, the largest stadium in Egypt. View this area in Google Maps . #

Two people sit and eat inside a large concrete pipe at a construction site.

Laborers rest and have a meal inside a concrete pipe as they take cover from the sun at a construction site at Egypt's New Administrative Capital megaproject on August 3, 2021. #

A distant view of an enormous mosque under construction

The new Egypt Grand Mosque, seen under construction on March 7, 2021. The mosque was completed in 2022 and is the largest mosque in Africa, with a capacity for more than 100,000 worshippers. #

A large government building, seen under construction

This picture taken on August 1, 2023, shows the exterior facade of the new headquarters for the Senate, the upper house of the Egyptian Parliament, at the New Administrative Capital megaproject. #

An interior view of a large open space, to be used as a government meeting hall.

An interior view of the new headquarters of Egypt's House of Representatives, at the New Administrative Capital, photographed on August 1, 2023 #

Two workers push carts among tall new buildings.

Construction workers move material while working on structures in the business and finance district, on August 1, 2023. #

A view of a cluster of about nine or 10 tall buildings in the desert

A view of the Central Business District of Egypt's New Administrative Capital, including the Iconic Tower, seen on July 31, 2023 #

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Mega Projects in Egypt

Egypt is a country with a rich history and a bright future. In recent years, the government has embarked on a number of ambitious mega projects that are transforming the country and positioning it as a leading economic and regional power. These mega projects are not only boosting Egypt’s economic growth, but they are also improving the quality of life for its citizens. The following are top ongoing megaprojects in Egypt.

Mega Projects Transforming Egypt’s Economy 

Capital med.

The construction of Capital Med, the largest integrated private medical city in the Middle East, has been officially initiated by the Arab Republic of Egypt. Spanning across 57 acres of new development in the new capital city of Egypt, situated on Cairo Suez road, this project is expected to become a cornerstone and driving force for the surrounding area.

The design of its landscape aims to achieve a harmonious blend of sustainable, water-efficient native vegetation and a lush, shaded sanctuary. The entire project will be constructed in three phases over a period of 7 to 10 years. Upon completion, it will feature a state-of-the-art general hospital with 350 beds, a plaza for clinics, a hotel, and 11 specialized medical excellence centers. Additionally, this ambitious endeavor will generate employment opportunities ranging from 10,000 to 13,000 jobs.

Capital Med Private medical city in Egypt

“The largest integrated private medical city in the Middle East”

Bella vento el galala resort project.

Bella Vento El Galala mountain and sea views resort in Egypt

Bella Vento El Galala is a breathtaking resort in the heart of El Galala Resort. It offers stunning mountain and sea views, and is being developed on a spacious 65-feddans land. The resort consists of villas, twin villas, and chalets, and is designed with exceptional amenities including 10 swimming pools, a supermarket, spa, clubhouse, sports courts, and ample green spaces.

The project is being developed in phases, with the first phase offering duplex villas and chalets overlooking the sea. The second phase, situated on a mountain, provides panoramic views of the sea and international marina. This phase includes villas with private pools, a commercial area, a hotel, and a clubhouse.

New Alamein City in Egypt

New Alamein City

It consists of five stunning residential buildings. Constructed by China’s State Construction Engineering Corporation in partnership with Egypt’s New Urban Communities Authority, these skyscrapers are estimated to be worth $1.9 billion. Situated on the northern Mediterranean coast, the buildings offer breathtaking views of the surrounding area and a man-made lake.

The construction of four towers took 39 months, while the largest tower, standing at 250 meters tall with a 465,000 square meter base, took 45 months to complete.

Hurghada luxor High Speed Rail in Egypt

The Hurghada Luxor High-Speed Rail is a remarkable engineering project that spans 1700 kilometers and involves collaboration between Boris Construction, Arab Contractors, and Siemens Mobility. It has obtained a concession from the Egyptian National Authority for Tunnels and aims to revolutionize transportation in Egypt.

The first line, costing $23 billion, will connect Ain Sachna to the Mediterranean via the new administrative capital along a 460-kilometer route. It is expected to be completed in 2023 and capable of reaching speeds of up to 250 kilometers per hour. The project’s subsequent phases will link other cities and ports in Egypt. The Hurghada Luxor High-Speed Rail promises to provide fast and comfortable travel, positioning it as the second fastest train in Africa.

First high-speed rail from Hurghada to luxor high speed rail

Dabaa Nuclear Power Plant Project

Nuclear Power Plant project in Egypt

The Dabaa Nuclear Power Plant project in Egypt is expected to bring significant economic benefits to the country. It will help to diversify the country’s energy mix and reduce its reliance on imported oil and gas. The plant is also expected to create jobs and boost economic growth.

The implementation of the project is being carried out in collaboration with Rosatom, the state-owned nuclear company of Russia. Rosatom will contribute the essential technology, expertise, and fuel required for the nuclear power plant. The reactors will be constructed based on Rosatom’s Generation 3+ VVER-1200 design, renowned for its advanced safety features.

Concentrated Solar Power Plants

A sustainable energy future is on the horizon for Egypt through a joint effort by Smart Engineering Solutions and the Ministry of Military Production.

The plan to design and locally engineer concentrated solar power (CSP) plants is set into motion, and it’s nothing short of audacious. The initiative, with a projected cost of $1.2 billion, aims to establish five CSP plants, each generating 50 megawatts, for a total capacity of 250 megawatts.

Concentrated solar power plant

New Administrative Capital

the new administrative capital in Egypt

The construction of the new administrative capital in Egypt is indeed an ambitious project aimed at addressing the congestion and overcrowding issues in Cairo, the current capital. The new city, situated beyond the second Greater Cairo Ring Road, is designed to be a centralized hub for government, finance, and various important institutions.

The primary objective of this undertaking is to alleviate congestion in Cairo by shifting key government agencies, foreign embassies, and important departments to the new administrative capital. By doing so, it is expected to create more space and improve the efficiency of government operations.Additionally, the new city is designed to accommodate a population of up to 7 million individuals, which will help alleviate the strain on infrastructure and services in Cairo.

Cairo Metro

The Cairo Metro is a rapid transit system that serves the Greater Cairo area. It is the oldest and most extensive metro system in Africa and the Arab world, and it plays a crucial role in easing traffic congestion and providing affordable transportation options for the residents of Greater Cairo.

 The metro system consists of three operational lines, with additional extensions and new lines under construction or in planning stages. The metro system is also a major economic driver, as it generates over $1 billion in revenue each year. It is also a major tourist attraction, and it is estimated that over 1 million tourists ride the metro system each year. The Cairo Metro is a vital part of the city of Cairo, and it is a major contributor to the economy of Egypt.

Cairo Metro line map

What is the future state of Egypt’s mega projects?

The future of Egypt’s mega projects is promising as the government has committed to these projects, and they are expected to continue to boost Egypt’s economy.Egypt’s mega projects are transforming the country and positioning it as a leading economic and regional power. They are creating jobs, boosting economic growth, and improving the quality of life for Egyptians.

Find out more about Egypt’s ongoing and upcoming projects

Ventures Onsite is tracking these major projects and many more, if you would like to find out more on how you can subscribe to receive access to project data, please contact us .

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According to the publisher's Q4 2021 Global Construction Survey, construction industry in Egypt is expected to grow by 12.3% to reach EGP 472 billion in 2022.

Despite near-term challenges in certain construction sectors, medium to long term growth story in Egypt remains intact. The construction industry in Egypt is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 7.1% during 2022-2026. The construction output in the country is expected to reach EGP 620.9 billion by 2026.

Government-backed mega-infrastructure projects to drive the overall construction industry in Egypt

The funding from the Egyptian Government has driven the recovery in the construction sector over the last four to six quarters in the country. With the Government continuing to roll out new infrastructure projects, the publisher expects the sector to record robust growth from the short to medium-term perspective.

Moreover, the growing demand for infrastructure from the rising economy and population, especially in terms of transportation and energy, is expected to lead the momentum in the construction sector in Egypt from the short to medium-term perspective. The publisher expects the adoption of public-private partnership financing frameworks to further drive the momentum in the Egyptian construction sector from the short to medium-term perspective.

Rising foreign investment in infrastructure projects will support the industry's growth in Egypt

Agence Francaise de Developpement (AFD), France's development agency, is investing €1.8 billion (~US$2 billion) in the Egyptian infrastructure sector with significant upgrades to the Cairo Metro. Moreover, the Egyptian Government is also planning to invest US$32 billion in the Cairo Metro expansion project over the next four years. Apart from the Cairo Metro project, investment from France's development agency will also develop water and energy schemes in Egypt.

Capital Gardens City sees an investment of EGP 15.1 billion as the demand for housing units is increasing in the country

The demand for affordable housing units has been on a constant rise in the country over the last few years and is expected to remain strong from the near-term perspective. Based on the growing demand, the Government is investing heavily in the residential construction sector in the country.

With increasing demand for affordable housing in the country, the publisher expects a further boost in the investment from the Government in the residential sector, which will subsequently assist the growth of the Egyptian construction industry from the short to medium-term perspective.

Egypt Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by:

  • Housing type (multi family, single family)
  • Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
  • Price point / income level (luxury, mid-tier, affordable)
  • Construction stage (new construction, re-development & maintenance)

Egypt Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by:

  • Green building by Housing type (multi family, single family)
  • Green building by Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
  • Green building by Price point / income level (luxury, mid-tier, affordable)

Egypt Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by:

  • Hospitality
  • Entertainment
  • Sports facility
  • Construction stage

Egypt Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by:

  • Office green building construction
  • Retail green building construction
  • Hospitality green building construction
  • Restaurant green building construction
  • Entertainment green building construction
  • Sports facility green building construction
  • Other commercial green building construction
  • Egypt Industrial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units)

Egypt Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by:

  • Healthcare construction
  • Educational construction
  • Public sector

Egypt Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by:

  • Healthcare green building construction
  • Educational green building construction

Egypt Infrastructure Construction Sectors: 10- year market size & forecast in value terms by:

  • Marine and inland water infrastructure
  • Utility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water and sewer infrastructure)
  • Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)
  • Egypt Green Infrastructure Construction: 10- year market size & forecast in value terms

Key Topics Covered:

1. About this Report

2. Egypt Construction Industry Dynamics and Growth Prospects

3. Egypt Residential Construction Industry Market Size and Forecast

4. Analysis by Residential Construction Markets Outlook by Construction type

5. Analysis by Residential Construction Markets Outlook by Key Cities

6. Analysis by Residential Construction Markets Outlook by Price Point

7. Egypt Commercial Construction Industry Market Size and Forecast

8. Office Building Construction Outlook

9. Retail Building Construction Outlook

10. Hospitality Building Construction Outlook

11. Restaurant Building Construction Outlook

12. Sports Facility Building Construction Outlook

13. Other Commercial Building Construction Outlook

14. Egypt Institutional Construction Industry Market Size and Forecast

15. Outlook and Growth Dynamics by Institutional Building Construction Sectors

16. Egypt Industrial Construction Industry Market Size and Forecast

17. Outlook and Growth Dynamics by Industrial Building Construction Sectors

18. Infrastructure Construction Outlook

19. Egypt Marine and Inland Water Infrastructure Construction Industry Market Size and Forecast

20. Egypt Utility System Infrastructure Construction Industry Market Size and Forecast

21. Egypt Transport Infrastructure Construction Industry Market Size and Forecast

For more information about this report visit https://www.researchandmarkets.com/r/upi9z9

ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

construction projects egypt

Egypt Projects, H1 2022 – Outlook of Major Projects in Egypt – MEED Insights

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All the vital news, analysis, and commentary curated by our industry experts.

construction projects egypt

Published: March 01, 2022 Report Code: GDMD044CON-ST

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Table of Contents

Egypt projects market report overview.

The project market size in Egypt was valued at $18.4 billion in 2021. Egypt was the fourth largest projects market in the MENA region. The largest single sector has historically been construction followed by transport and power.

Egypt’s macroeconomic environment has remained resilient in the aftermath of the Covid-19 shock, although long-standing issues remain. In recent years, macroeconomic reforms have helped to stabilize the economy, allowing the government to enter the Covid-19 crisis and recovery phase with improved fiscal accounts and significant foreign reserves.

The Egypt projects market report offers opportunities and challenges in Egypt’s projects market and offers an analysis of the pipeline of planned projects and contract awards. The report also provides insights on key policies and drivers shaping the outlook for projects in Egypt.

Egypt Projects Market Segmentation by Sectors

The key sectors in the Egypt Projects Market are chemical, construction, gas, industrial, oil, power, transport, and water. The construction sector led the projects market in Egypt.

Egypt Projects Market Analysis, by Sectors

Egypt Projects Market Analysis, by Sectors

Egypt Projects Market Clients

Some of the key clients associated with the Egypt Projects Market are the Egypt Ministry of Housing Utilities and Urban Communities, Arabia Holding, Emaar Misr, El Mostakbal Urban Development, Egypt Ministry of Transport, Egypt Ministry of Petroleum, Citystars, The African Union Commission, United Nations Economic Commission for Africa, Palm Hills Developments, New Urban Communities Authority, Administrative Capital for Urban Development, Qatari Diar, and National Authority for Tunnels (NAT). Egypt Ministry of Housing Utilities & Urban Communities is the largest client by value.

Egypt Projects Market Analysis, by Clients

Egypt Projects Market Analysis, by Clients

Egypt Projects Market Contractors

Some of the key contractors associated with Egypt Projects Market are China State Construction & Engineering Corporation, Technip, Siemens, Concord for Engineering & Contracting, Sinohydro, Enppi, Hassan Allam Construction, Petrojet, The Arab Contractors, and Orascom Construction. China State Construction & Engineering Corporation has the highest value of projects.

Egypt Projects Market Analysis, by Contractors

Egypt Projects Market Analysis, by Contractors

Key Highlights

  • Despite the lingering aftereffects of the bruising currency devaluation of 2016 on its socio-economic fabric, the impact of the Covid pandemic on key sectors of the economy, and a weak public health response by the government, the country appears to have weathered the pandemic with remarkable ease. Despite the Covid-19 impact, economic slowdown, and few project delays, contract awards grew in 2020. The same level of growth continued in 2021 as well, with the contract awards activity totaling $18.4bn.
  • As a key market for projects and infrastructure development, the value of project contract awards in the construction and transport sectors has risen for the past eight years running.
  • While Egypt’s oil and gas sector now suffers from underinvestment in upstream projects following the completion of development work at the Zohr gas field, exploration activities continue.

Reasons to Buy

  • Opportunities and challenges in Egypt’s projects market
  • Analysis of the pipeline of planned projects and contract awards
  • Key policies and drivers shaping the outlook for projects in Egypt
  • Political and economic background
  • The barriers and challenges that may arise
  • Sector-by-sector breakdown of future project plans
  • Key drivers of projects in each sector
  • Egypt’s most valuable key projects and major project sponsors

Power and Water

Table 17 Biggest planned and un-awarded Power and Water projects in Egypt at Design, FEED or Study Stage

Figure 61 Biggest Power and Water Sector Future Clients

Frequently asked questions

The projects market of Egypt was valued at $18.4 billion in 2021.

The key sectors among the Egypt Projects market are chemical, construction, gas, industrial, oil, power, transport, and water.

Some of the key clients associated with Egypt Projects market are the Egypt Ministry of Housing Utilities and Urban Communities, Arabia Holding, Emaar Misr, El Mostakbal Urban Development, Egypt Ministry of Transport, Egypt Ministry of Petroleum, Citystars, The African Union Commission, United Nations Economic Commission for Africa, Palm Hills Developments, New Urban Communities Authority, Administrative Capital for Urban Development, Qatari Diar, and National Authority for Tunnels (NAT).

Some of the key contractors associated with the Egypt Projects market are China State Construction & Engineering Corporation, Technip, Siemens, Concord for Engineering & Contracting, Sinohydro, Enppi, Hassan Allam Construction, Petrojet, The Arab Contractors, and Orascom Construction.

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construction projects egypt

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GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

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  • The Egyptian construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Egyptian construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
  • Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Egypt, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants
  • Identify and evaluate market opportunities using the publisher's standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using the publisher's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

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Egypt construction poised for growth in 2023

Egypt construction poised for growth in 2023

Egypt’s construction sector looks set for another year of growth as urbanization needs continue to drive project decisions in 2023 despite supply chain disruptions in the country.

The Egyptian construction sector is forecast to expand at a compound annual growth rate of 6.6 percent between 2021 and 2025. Construction output is expected to reach $44.34 billion by 2025, an Oxford Business Group study states.

Contract awards in the Arab nation’s construction market could grow by 18 percent to $23.5 billion in 2023 from $19.9 billion in 2022. Data by Ventures Onsite shows the building sector noted the highest value of awards ($9.7 billion) last year, followed by the industrial ($5 billion) and infrastructure ($2.7 billion) sectors.

While there is significant opportunity within the sector, real estate and construction companies in Egypt will hope for more favorable macroeconomic factors this year. Material prices are increasing and imports are becoming more expensive amid currency devaluation, inflation, and supply chain shocks persevering from the Russia-Ukraine war.

The Egyptian Central Bank in December 2022 revoked a requirement for importers to secure letters of credit – a decision that was decreed in February 2022 to ease import requirements. 

Coupled with currency devaluations, the move was restricting importers from securing goods or leading them to source currency from the black market, eventually spiking inflation.

Read more: Egypt: Orascom’s profits surge amid tourism, real estate boom

Exemptions are expected for products for which no local substitutes are available, but mitigating the impact of such supply chain disruptions will remain the key challenge for Egypt’s real estate and construction sectors to overcome in 2023.

Egypt construction

Real estate growth

Nevertheless, project activity is likely to remain high in the real estate sector as rapid population growth accelerates the need for urbanization in Egypt. 

The country’s 2022/23 fiscal plan – which runs from 1 July to 30 June – includes total investments of $9.9 billion in the urban development sector, Minister of Planning and Economic Development Hala El-Said said in August 2022. 

This spending plan is understandable considering the government recognizes the need for Egypt to build 600,000 new houses each year to contend with its growing population numbers.

“The people in Egypt increase by around 2.5 million annually; this means we need to build at least 600,000 houses every year,” Housing and Urban Communities Minister Asem Al-Gazzar said in October 2022.

“This is a large number which requires the private sector to play a bigger role. We cannot continue the policy of subsidizing the housing sector.”

Private sector real estate activity has steadily continued in recent months. In October 2022, local developer Tatweer Misr awarded Kuwait’s Kharafi National construction contracts worth $61 million for its Il Monte Galala project in Ain Sokhna. 

The contract covers the construction of six phases within the project, including the 504-unit Phia and the 58-unit Sistiana phases. Tatweer Misr said at the time of the award the contract is aligned with its target to increase its deliveries of units each year from 1,500 to 2,000.

Earlier in January 2023, Master Group signed a cooperation protocol with Mimar to implement the landscape works for The City residential project. 

The $236.6 million development is located within the R7 region of the New Capital City in Cairo across a 54-acre area, and its first units are expected to start being handed over in the first quarter of 2023.

Opportunities

Given its high population numbers and low rate of existing urban infrastructure, there are several opportunities for real estate developers and construction planners to find and deliver long-term projects in Egypt. 

In addition to government spending commitments, the country also has the advantage of being an attractive MENA market for international investors and funding partners. The European Bank for Reconstruction and Development alone has invested more than $9.2 billion in 144 projects across Egypt – including an upcoming metro project in Alexandria – since 2012. 

These opportunities are cause for optimism in Egypt’s construction sector, but its major challenge will be to overcome the negative impact of inflation and currency devaluation in 2023.

For more real estate stories, click here

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Construction Projects in Egypt

Track 0 --> 1,624 0 --> project leads in the egypt 0 --> worth usd 2.33 trillion 0 -->.

BNC's project database tracks projects across the project lifecycle - from concept, design, tender to under construction and completion. Listing over 177,291 project profiles, we currently cover 33,423 live construction projects worth over USD 5.4 trillion in 72 countries across energy, urban construction, transport and industrial sectors for Middle East, Africa and South Asia. Offering 1,100+ monthly market reports, our extensive database includes 200,000+ companies, and 250,000+ key contacts.

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Schedule a demo to see how your sales teams can generate leads and get updates on projects in country like Egypt directly in a CRM system

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Get insights into Egypt market trends and opportunities

Egypt Market Analysis

Top projects & tenders in egypt.

BNC tracks and updates on over 0 --> 1,624 0 --> live construction projects and tenders in Egypt

Suez Canal Economic Zone (SCZone)

The project involves the construction and development of a wide ‘economic zone’ over the banks of Suez Canal. It is one of the biggest and iconic projects in Egypt which starts from Port Said, the ‘North End’ of the canal at the Mediterranean Sea, to...

New Administrative Capital

The project involves the development of a new city that will accommodate 7 million residents and will be built over an area of 700 square kilometers making it almost the same size as Singapore.    The unnamed mega-city will includ...

Ain Sokhna Industrial Zone & Sea Port - Suez Canal Economic Zone (SCZone)

The project involves the construction of a sustainable industrial zone and logistics hub at the southern gateway to the Suez Canal. The project is divided into two parts. Ain Sokhna Industrial Zone The construction includes the development of Ain Sok...

Egypt High Speed Railway System

The project involves the construction of a high-speed railway connecting Cairo, Suez, Sharm, and Medina. The project proposed plan will be constructed in two phases: Phase 1 - will have 1,255 kilometers long track and 44 stations (1 Hu...

Ain Sokhna Industrial Zone - Suez Canal Economic Zone (SCZone)

The project involves the construction and development of Ain Sokhna Industrial Zone. It is will be the major industrial and logistics hub at the southern gateway to the Suez Canal. It will include the construction of port facilities, industrial zones...

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construction projects egypt

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5 mega construction projects in Egypt 2020

5 mega construction projects in Egypt 2020

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Huge investment needed to triple global renewables by 2030-report, africa’s longest bridge mombasa gateway gets financial impetus, mass timber reduces construction’s carbon footprint, but introduces new risks.

A ccording to Africa Construction 2019 Deloitte report,  Egypt has the most construction projects with 49, followed by Algeria with 17 projects, and then Morocco with 16 projects. Here now are the major construction projects in Egypt:

FourWinds Coal-Fired Power Plant

FourWinds Coal-Fired Power Plant being constructed in Egypt is set to be world’s largest single-site coal-fired power plant. The coal fired power plant is being constructed at a cost of $11 billion. No wonder it is one of the mega construction projects in Egypt.

The project is being developed by Tharwa Investment in partnership with Egyptian Electricity Holding Company (EEHC).

Tahrir Petrochemical Complex

The Tahrir Petrochemical Complex (TPC) scheme comprises of a 1.5 million ton-a-year (t/y) ethylene cracker and a polyethylene facility with a capacity of approximately 1.4 million t/y.The project is being developed by Carbon Holdings at a cost of $10.6 billion.

Originally, the project was expected to be completed in 2017, but was subject to several setbacks and delays, including Egypt’s revolution and the subsequent turmoil. More recent delays have been connected to financing problems. Tahrir Petrochemical Complex is regarded as one of the most expensive construction projects in Egypt.

Alexandria-Cairo-Aswan High-Speed Rail Project

Alexandria-Cairo railway project has been estimated at USD 3.2 billion. The railway will measure 210 km and could ensure the transport of 2.3 million passengers per year.

It includes the construction of five stations, maintenance sheds, administrative centers, control centers, bridges and related infrastructure, the installation of signaling and safety systems, and the laying of railway tracks. According to estimates, construction works to this high-speed railway would take 3 years to complete and the expected profit could be of 11%.

October Oasis 

October Oasis is Mega Urban Development Project spearheaded by New Urban Communities’ Authority at the Ministry of Housing. It is a city in Giza Governorate, a satellite town and part of the urban area of Cairo, Egypt, 32 km (20 miles) outside the city.

Construction cost for October Oasis has been put at $8.5 billion allowing it to rank as one of the biggest construction projects in Egypt.

The city’s name commemorates the commencement of the 1973 Arab–Israeli War on 6 October 1973, the same date chosen as Egypt’s Armed Forces Day.

Hurghada – Luxor High Speed Rail

The first phase of that line will stretch from NAC until the 6th of October City over 122 kilometers and be linked with Rod al-Farag Axis. The second phase will extend from 6th of October City untill New Alamein over 210 kilometers passing in parallel to Rod alFarag – Dabaa axis. That phase will have a branch line that starts from Nubareya at Beheira governorate and ends in Alexandria passing through Borg al-Arab over 99 kilometers. The third phase links NAC with Ain Sokhna, and lies over 92 kilometers.

The second line links 6th of October City with Upper Egyptian governorates until Aswan. The third line will start from Ain Sokhna and passes through Marsa Alam and Hurghada until it ends in Luxor. Ain Sokhna and Luxor will be the junction stations of the first and third lines. The speed of passenger and freight trains will be 250 km/h and 160 km/h respectively.

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ABiQ | Business Intelligence for Africa and Middle East

Egypt leads Africa in the number and value of construction projects.

31 Mar 2022

The residential construction sector has witnessed tremendous growth in Egypt, towering head and shoulders above any African country. With the increase in population and urbanisation, the demand for housing is growing steadily. The government, as well as private companies, are investing heavily in the residential market. COVID-19 resulted in delays for several construction projects. However, Egypt is already the most prominent construction market in Africa. The country is investing billions in housing and infrastructure developments. The value of ongoing and upcoming projects in Egypt exceeds $214 billion. The construction sector alone comprises 51 per cent of the active project market in Egypt. Power- and transport infrastructure projects are in second place, tied at 15 per cent of the active projects market at over $120 billion each. The contract awards in 2019, 2020 and 2021 have been pretty generous at $3.5 billion, $3.4 billion, and $3.2 billion, respectively. The first quarter of 2022 is not yet complete, and contract awards already exceed $2.4 billion. ABiQ predicts that this year will be a massive year for contract awards in Egypt.

The country has over $190 billion under construction and a further $30 billion in the design and tender phases. The largest amongst all the mega projects currently ongoing and upcoming is the Administrative Capital for Urban Development, with an estimated cost of approximately $60 billion. Launched in 2015, the project aims to accommodate Egypt’s fast-growing population and create a new capital for Egypt. This new capital will see the operational headquarters of all the banks, ministries, parliament, and other administrative buildings. The business purpose of this urban development has also been taken into account, projecting revenue growth of $10 billion by 2030. The project will feature 25 thousand residential units across 20 residential neighbourhoods. These 20 residential neighbourhoods alone will cost $15 billion. The residential areas will have a range of amenities and consist of apartments, townhouses, office spaces, retail locations, etc. The Administrative Capital will be the face of African urban development with 20 high rises, one of which will be the tallest tower in Africa, measuring 345 meters in height.

Talaat Moustafa Group Holding has undertaken the next star construction project in Egypt called Noor City . The smart, eco-friendly city is spread across 2 thousand hectares and is estimated to cost $32 billion. The Administrative City Capital and the Noor city are located adjacent to each other on the Cairo-Suez road and would be Egypt’s face of urban development. In addition to these two, New Urban Authority’s Central Business District is an upcoming project adding to Egypt’s dynamic real estate industry. The Central Business District is located within the boundaries of the Administrative City Capital and is estimated to cost $18 billion. Phase one of the project covers roughly 50 hectares and comprises high-rise office buildings, upscale hotels, and supporting infrastructure. When completed, the Central Business District will be one of the core components of the new Administrative Capital.

Amongst the top real estate projects under construction in Egypt are:

  • Madinaty – Egypt Ministry of Housing Utilities and Urban Communities
  • Diamond City – Al Ahly Sabbour Developments
  • New Alamein City – Alliance World Wide Consortium
  • Capital Residence – Emaar Rizk Real Estate Development Company
  • New Garden City – UN-Habitat

The developers will invest close to $28 billion in these projects. Egypt is brimming with real estate property constructions that are ongoing and upcoming. The rapid urbanisation also facilitates an economic boost like never before, with investors recognising the potential of the real estate industry. Egypt, therefore, tops Africa in the number and value of construction projects.

Get in touch with us to find out more about these and other upcoming & ongoing projects.

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The Top 5 Egyptian Infrastructure projects to come

Our overview of the most relevant Egyptian infrastructure projects. Check out the details and get in touch with us to seize your opportunity as a Swiss SME.

Project name

Cairo Metro Line, Purchase of trains

Amount (in USD million)

Description

Cairo Metro is designed to address some of Cairo's stifling traffic problems by alleviating congestion and improving regulation. Specifically, the Project will increase the capacity of Cairo Metro Line II as more trains will become available for passenger transport and the fleet availability will improve from 79 percent to 88 per cent, ultimately increasing daily ridership capacity by around 23 per cent. This increase will be sustained through a modal shift towards the metro system which to date remains largely underutilized.

Cairo Metro Line II Purchase of trains

Electricity Grid Reinforcement Project

The proceeds of the loan will be used to finance part of EETC's grid investment plan to help optimize power flows, reduce transmission losses, and connect new renewable energy plants and state-of-the art generation units. The Project consists of nine high voltage substations in Minya, South Sinai, Sharqia, Port Said, and Asyut Governorates in Egypt.

Kitchener Drain Depollution – Solid Waste

The Kitchener Drain is one of the most severely polluted drains in Egypt causing significant environmental, economic and social harm. It extends 69 km and passes through the governorates of Kafr El Sheikh ("KES"), Gharbeya ("GHB") and Dakahleya ("DKH") and discharges into the Mediterranean Sea. The integrated program will be the first program in Egypt testing a new cross-sectoral approach that will support the depollution of the Mediterranean Sea and improve the health and environmental situation of the people living in the drain catchment area as well as strengthen the economy by improving the irrigation water quality in the three governorates.

Kitchener Drain Depollution Project- Solid Waste

Construction of “New Tunnel Road” Sharm El Sheikh

Once complete, the project aims to integrate the road network in the Sinai Peninsula and raise the level of safety of its use and reduce operating costs and transport time. The scope of work for the project includes the construction of a road running about 350km long to a six-lane asphalt road.

Upgrading and renovation of the Cairo Metro Line 1

The rehabilitation of Cairo Metro Line 1 falls under the multilateral cooperation between development partners, as it brings together the AFD, the EBRD, and the EIB in the collaborative funding of the project, implemented by Egypt’s National Authority for Tunnels (NAT). This project demonstrates inclusive multi-stakeholder engagement between Egypt & its development partners, to enhance transportation infrastructure enabling connectivity and in turn productivity.

Mehmet Yildirimli

Mehmet Yildirimli

Senior Consultant Africa, Türkiye and Israel

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The 7th International Exhibition For Construction & Building Materials  

17-20 may 2024, eiec, cairo, egypt, supported by .

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Egypt projects is A world-class construction event brought to you by the experts. Since its creation in 2016, Egypt projects prove it self as the most important platform in Egypt and Africa. By increased number of Exhibitors, Visitors and Governmental residence.

Egypt projects is a pioneer Event in the construction and consider the best platform for doing the real business that’s the reason why 70% of our Exhibitors rebooked their spaces yearly. In 3 days, you will find all needs that meet Egypt market and the enormous construction demands through creative and efficient solutions  and variety of products.

The last edition hosted over 300 exhibiting companies from 10 countries and attracted 17,000 + trade attendees across 3 days, establishing Egypt Projects as the region’s leading construction event and networking platform. With 8 sectors dedicated to different aspects of the construction industry. The exhibition will be an unprecedented platform for more than 500 exhibitors and 20,000 specialized visitors from the public and private sectors to take advantage of available business opportunities and learn what is new in the construction market.

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ACEX is a highly-focused event allowing buyers to meet with suppliers of a wide variety of products, services and technologies related to concrete and construction; such as  concrete mixers, batching plants and light brick machines.

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10 Upcoming Mega Projects in Egypt 2024 Which Will Shape its Future Economy!

Egypt – a country with a legacy of incredible contributions to humanity and a rich history – is not settling for just okay! Over the past 50 years, they’ve seen major upgrades in their infrastructure, covering everything from power and water to telecom and transportation. And compared to other nations, Egypt’s infrastructure is right on par with what you’d expect given their economic status.

This rapidly growing nation isn’t slowing down, especially with a focus on infrastructure expansion. With 49 multi-billion dollar mega construction projects happening, Egypt is leading the pack in Africa’s big building boom, according to Deloitte’s 2019 Africa Construction Report. The construction industry has been on fire in Egypt for the last decade and is expected to soar even higher, with an average growth of 9% from 2021 to 2025.

Also Read-   10 Upcoming Mega Projects In Dubai

Public-private partnerships and a drive towards eco-friendly, high-end infrastructure are fueling this growth. Real estate has long been viewed as a safe investment for many Egyptians, with its value consistently rising. The Egyptian government is a major player in the construction game too, with plans for a new administrative capital, upgraded transportation systems including ports and airports, and 14 new smart cities in the works. Get ready to see the 10 most incredible upcoming mega projects in Egypt !

Concentrated Solar Power Plants

Upcoming Mega Projects in Egypt 2023

In a collaborative effort between Smart Engineering Solutions and the Ministry of Military Production, Egypt is taking strides towards a sustainable energy future. The plan to design and locally engineer concentrated solar power (CSP) plants is set into motion, and it’s nothing short of audacious.

Projected to cost a hefty 1.2 billion dollars, this sustainable energy initiative will bring to life five CSP plants, each with a capacity of 50 megawatts, for a total of 250 megawatts. The investment for each station is a staggering 250 million dollars, adding up to a grand total of 1.25 billion dollars.

But fear not, the Egyptian state won’t bear the brunt of this massive undertaking. A large portion of the financing, up to 70%, will come from international bodies, with local banks contributing 10% to 15%.

Also Read- 17 Upcoming Mega Projects in Saudi Arabia 2024

Capital Med City

Upcoming Mega Projects in Egypt 2023

Prepare to be astounded by the birth of a medical behemoth in Egypt! The Capital Med Medical City is set to be the crowning glory of healthcare in the Middle East, with a land space of 110 acres that will house the largest medical complex in the region.

Located just a stone’s throw away from the bustling metropolis of greater Cairo and with seamless access to road networks and freeways, this colossus of medicine will be the beating heart of healthcare across the Middle East and North Africa.

Also Read  –  5 Upcoming Mega Projects in United States

With an investment of 1.3 billion dollars and a construction timeline of five years, the Capital Med Medical City is poised to create 10,000 to 13,000 job opportunities and provide top-notch medical services, education, research, and training across all specialties. This 2,000-bed capacity facility will leave a lasting impact on the world of healthcare.

New Alamein City

Upcoming Mega Projects in Egypt 2023

Prepare to be awed by the grandeur and beauty of the brand-new Alamain City, where five magnificent residential buildings are currently being built. In a partnership with Egypt’s New Urban Communities Authority, China’s State Construction Engineering Corporation is constructing these imposing skyscrapers, which are estimated to be worth $1.9 billion.

These beautiful structures are nestled on the northern Mediterranean coast, overlooking a man-made lake and providing residents with breathtaking views of the surrounding area. These towers, whose construction took 39 months for four of the structures and 45 months for the biggest of them all, are ready to raise the bar for opulent living.

Also Read-  6 Insane Megaprojects in the world that were Never Built !!

The largest of them all, at 250 meters tall with a 465,000 square meter base, promises to be the most impressive of them all. New Alamain City is a smart city that was just launched by the Egyptian President and is positioned to be a hub for tourism, education, and governance. It is situated around 85 kilometers from Borgel Arab International Airport.

It is expected to cost 1.3 billion dollars to build the city’s first phase, which spans 202 million square meters. This smart city will become even more magnificent with the addition of these five residential buildings, making it a must-visit location for anybody traveling to Egypt!

Tahrir Petrochemical Complex

Upcoming Mega Projects in Egypt 2023

Get ready for the grand unveiling of the Tahrir Petrochemical Complex! This magnificent structure is a petrochemical powerhouse, poised to operate at full capacity with a 1.5 million ton per year ethylene cracker and a 1.4 million ton per year polyethylene complex.

This facility is the epitome of engineering prowess, producing a wide range of products like propylene, polypropylene, hexene, benzene, and styrene. Spanning an impressive five million square meters in the Suez Special Economic Development Zone, the complex is the brainchild of Carbo Holdings. This ambitious project comes at a cost of 6.7 billion dollars, making it the largest petrochemical project in Egypt.

Also Read- 26 Upcoming Mega Projects in Australia 2024

Once completed, the Tahrir Petrochemical Complex will reign supreme as the largest NAFTA cracker plant in the world, generating 48,000 jobs and providing essential services both domestically and internationally. Despite initial projections that forecasted completion in 2017, various factors have caused delays, with construction finally getting underway in 2020.

The Egyptian Petrochemicals Holding Company signed a cooperation agreement with the American company Vegetal Group for the implementation of the project, as confirmed by the country’s Ministry of Petroleum. Get ready to witness a true marvel of modern technology and industrial prowess!

October Oasis

Upcoming Mega Projects in Egypt 2023

Prepare to be astounded by the October Oasis’ incredible beauty!

The October Oasis, one of the largest and most ambitious infrastructure developments ever undertaken in the land of the pharaohs, is a wonder of architectural skill and urban design that soars to new heights at a staggering 8.5 billion dollars in building costs.

This urban utopia aims to deliver a perfect blend of high, moderate, and low-income residential units, ensuring that every desire of a brighter tomorrow is within reach.

Also read  –  Top 10 On Going Mega Projects In World

It is hidden among the undulating hills of Giza, around 32 kilometers from the busy metropolis of Cairo.

The October Oasis is a memorial to the bravery and resilience of the Egyptian people on October 6, 1973, during the Arab-Israeli conflict, and it is a bright testament of the government’s commitment to providing a better future for all of its citizens.

This effort is being led by the New Urban Communities Authority of the Ministry of Housing.

Are you prepared to contribute to this historic site?

Come experience the splendor of the October Oasis with us, where the past and future collide and a better tomorrow is attainable!

Also read  – 8 Upcoming Mega Projects in United Kingdom

El Dabaa Nuclear Power Plant

Upcoming Mega Projects in Egypt 2023

Embodying ambition and technological prowess, the El Daba Nuclear Power Plant rises to the forefront of energy production in Egypt. Inspired by Russia’s Leningrad Nuclear Power Plant, which provides half of the energy needs of St. Petersburg, the Daba Plant aims to surpass it with a staggering 4,800 megawatts of nuclear power generation capacity, generated by four state-of-the-art VVER 1200 reactors.

Located 130 km northwest of bustling Cairo in the Matrao Governate, the El DabaNuclear Power Plant is set to be the first of its kind in Egypt and cement the country’s reputation as the only African nation boasting a Generation Three Plus reactor. The colossal 29 billion dollar utility project is spearheaded by Boriside and will receive a whopping 85% of its financing from Russia in the form of a state loan, repayable over 13 years with an annual 3% interest rate. Egypt will provide the remaining 15% through installments.

Also read  – 5 Useless Mega Projects in the World!!

As per Amjad Al-Wakiel, Chairman of Egypt’s Nuclear Power Plants Authority, a construction permit is anticipated to be granted in the latter half of 2021. The journey towards realizing this massive undertaking began in November 2015, when Egypt and Russia signed an initial agreement for Russia to build and finance the country’s first nuclear power plant.

The partnership was solidified in December 2017 when preliminary contracts for the construction of the four VVER 1200 units were signed in the presence of the Egyptian President Abdel Fattah Al Sisi and Russian President Vladimir Putin.”

Citygate Project

Upcoming Mega Projects in Egypt 2023

Embark on a journey to the future with the revolutionary Citygate Project! Nestled just 30 kilometers southeast of bustling Cairo, this integrated community will offer a seamless blend of urban living and lush greenery across 2,100 acres of land. Get ready to be pampered with a plethora of luxurious amenities including top-notch hotels, opulent villas, and premium residential units, all surrounded by world-class educational and healthcare facilities, electrifying entertainment options and sports complexes.

 Also read-   10 Mega Projects In India

Divided into two phases, the first phase is estimated to cost a whopping 54 billion dollars and will set the foundation for a thriving community. The second phase, however, is where the real magic happens! Get ready to call one of the 439 residential apartments your new home, each designed with a contemporary touch and an eye for detail.

The Citygate Project has faced some delays in the past, but with a recent resolution of the dispute between developers Qatari Dire Real Estate Investment and the New Urban Communities Authority in Egypt, the project is now all set to take off. Get ready to live the dream in the city of tomorrow!

Also Read-   9 Upcoming Mega Projects in Bangladesh 2024

New Administrative Capital

Upcoming Mega Projects in Egypt 2023

Looking to make a bold statement with its vision 2030, Egypt is pushing forward with construction of the new administrative capital. This impressive city, located just beyond the second Greater Cairo Ring Road, is being crafted to be the new hub of government and finance, with government agencies, foreign embassies, and key departments all located within its limits.

With the aim of easing the chronic congestion in current capital, Cairo, the new city is designed to accommodate up to 7 million people. The transfer of parliament, presidential palaces, government ministries, and foreign embassies is slated to happen between 2022 and 2023, marking a major milestone for this grand project.

A cost of 58 billion dollars is estimated for the full construction of this stunning city, which is being built by some of the top players in the construction industry, including China State Construction Engineering Corporation, Arab Contractors, Wadiel Nile for Contracting, and the Egyptian Spanish Alliance. With all this talent working together, it’s no wonder why the new administrative capital is destined to become the most beautiful city in all of Africa!

Hurghada luxer high speed rail

Upcoming Mega Projects in Egypt 2023

The Hurghada Luxor High-Speed Rail is a marvel of engineering ingenuity and innovation, crafted from the collaborative effort of three powerhouses in the construction world: Boris Construction, Arab Contractors, and Germany’s Siemens Mobility. With a concession signed with the Egyptian National Authority for Tunnels, this grandiose rail system, stretching a magnificent 1700 kilometers, is set to revolutionize the way Egypt moves.

At an estimated cost of 23 billion dollars, the first line of this high-speed juggernaut will connect Ain Sachna on the Gulf of Suez to the Mediterranean through the new administrative capital along a 460-kilometer line, with a construction cost of three billion dollars and a projected completion date of 2024.

With the capability to reach speeds of up to 250 kilometers per hour, the Hurghada Luxor High-Speed Rail will be the second fastest train in Africa, second only to Morocco’s Al-Borag train, which zooms along at a top speed of 320 kilometers per hour. Groundbreaking research and surveying have been completed, and the route planning is underway, with construction of bridges, industrial works for the track, stations, and fences underway by top-tier Egyptian companies specializing in these areas.

The second phase of the project will link the ports of Alexandria and Mat Rau Gargan, while the third and fourth phases will network Hurghada and Shubra with Luxor and Six October City to Luxor and the Swan respectively. Get ready to be transported to your destination with lightning speed and unparalleled comfort, as the Hurghada Luxor High-Speed Rail readies for its grand debut!

Tahya Misr Bridge

Upcoming Mega Projects in Egypt 2023

The Rod El Farag Axis Bridge or simply Tahya Misr Bridge – a towering spectacle of engineering prowess and a symbol of Egypt’s ambitious plans to bolster its infrastructure. This cable-stayed marvel boasts the title of being the world’s widest bridge, stretching a magnificent 17.2 kilometers in both directions and featuring a fluctuating width that ranges from 48 meters to 67.3 meters.

A project of incredible magnitude, the Tahir Misra was constructed with the purpose of alleviating traffic congestion in the bustling capital of Cairo and seamlessly connecting the northern and eastern urban areas to the western parts of the city, reducing commuting time over the Nile.

The construction of this colossal bridge was awarded to Egyptian-based Arab Contractors and the Engineering Authority in the Armed Forces in 2016, and it required the expertise of 400 engineers, technicians, and a labor force to bring it to life. With an estimated cost of 9.6 million dollars, the Tahir Misra Bridge was officially inaugurated in May of the previous year, leaving an indelible mark on the annals of infrastructure and providing a sleek, modern solution for commuters in Cairo.

These upcoming mega projects in egypt are surely going to give a boost to the country’s economy in near future!

17 Upcoming Mega Projects in Saudi Arabia 2023

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Egypt Is Building a Wall Near Gaza Border but Won’t Say Why

Amid fears about displaced Palestinians massing at the border with Gaza, Egyptian officials have disclosed little about a new construction project.

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By Nada Rashwan and Christiaan Triebert

reporting from Cairo and New York

  • Feb. 15, 2024

A wall is going up in the desert of Egypt near the border of the war-torn Gaza Strip, but no one is talking much about it.

Satellite imagery, photographs and video analyzed by The New York Times show a large patch of land being bulldozed and the wall being built in the buffer zone between Egypt and Rafah, the southern Gaza city overflowing with over a million displaced Palestinians that Israeli forces are poised to invade.

construction projects egypt

The satellite imagery clearly shows newly graded land south of the Rafah border crossing. An analysis of the satellite images indicated that the work began around Feb. 5.

But the Egyptian government, which has looked on with concern as Gazans displaced by the war between Israel and Hamas mass in Rafah, has declined to discuss the new construction. A spokesman for the government would only refer to statements by the government in recent weeks highlighting its fortification of the border.

It was not clear whether the structure might be intended to hold Gazans who crossed the border, but if it were to be used that way, it would be a major reversal of Egypt’s stance.

A contractor and an engineer who were interviewed by The Times and provided photos said they had been commissioned by the Egyptian Army to build a five-meter-high concrete wall — about 16 feet — to close off a five-square-kilometer plot of land at the site. They said they had begun work on Feb. 5 and started on the wall two days ago.

The contractor and the engineer spoke on the condition of anonymity, saying that they feared reprisals. The Egyptian authorities heavily restrict information coming from the border area.

Since October, when a Hamas-led attack on Israel led to immense Israeli military retaliation in Gaza, Egypt has repeatedly rebuffed any suggestion that it take in some of the Gazans who have fled air and ground assaults to areas near the border in Rafah. Egyptian officials fear that an influx of refugees would pose a security risk, and many Palestinians suspect that Israel might not allow people who leave Gaza to come back when the war is over.

In recent weeks, uprooted Gazans have crammed into Rafah, on the border of Egypt, struggling to survive in tents and makeshift shelters with scarce access to food and other critically needed supplies, aid workers say. One Gazan official in Rafah, Ahmed al-Soufi, estimated that there were over 100,000 displaced Palestinians in encampments pressed against the border.

At a meeting convened by Egypt on Thursday, Martin Griffiths, the United Nation’s top aid chief, said that “the possibility of spillover, a sort of Egyptian nightmare, is one that is right before our eyes.”

Like Israel, Egypt has sealed its borders with Gaza, and in recent months it has been adding fortifications to its border area.

A day after the Oct. 7 Hamas-led attack on Israel, the governorate of North Sinai — where the work captured in the satellite images is taking place — said in a statement that the governor had held an emergency meeting with senior local officials to “study the capacities of schools, housing units and empty land that can be used as shelter sites if necessary.”

But on Thursday, the deputy governor of North Sinai, Maj. Gen Hisham el-Khouly, said he was not aware of any new construction. And the governor of North Sinai, Maj. Gen Mohamed Shousha, did not respond to phone calls seeking comment.

Ahmed Ezzat, the head of emergency operations at the Egyptian Red Crescent, which coordinates Gaza-related humanitarian assistance work at the border, said he had not heard of the project.

Nick Cumming-Bruce contributed reporting from Geneva, and Adam Rasgon from Jerusalem.

Christiaan Triebert is a reporter working on the Visual Investigations team, a group that combines traditional reporting with digital sleuthing and analysis of visual evidence to verify and source facts from around the world. More about Christiaan Triebert

Our Coverage of the Israel-Hamas War

News and Analysis

The International Court of Justice began hearing arguments on the legality of Israel’s occupation of Palestinian territories . It is the first time the world’s highest court has been asked to give an advisory opinion on the issue.

After a week of siege by the Israeli military, Nasser Hospital in Khan Younis, which had been the largest functioning hospital left in Gaza, is “not functional anymore,”  the head of the World Health Organization said.

Prime Minister Benjamin Netanyahu of Israel insisted that he would not bow to international pressure  to call off the country’s plan for a ground invasion of Rafah, the southernmost city in Gaza, which is now packed with more than a million Palestinians.

A Father’s Heartache: Beginning in December, Mustafa Abutaha, a professor of English in Gaza who lost a son to the war, sent us dozens of voice and video messages , providing a window inside Nasser Medical Complex before it was raided by Israeli forces.

Building Political Pressure: Omer Neutra and Edan Alexander, young men from the New York area who were serving together in the Israeli military, were taken captive on Oct. 7 near Gaza. Their families now share one urgent goal : to free them.

An Arab Vision for Gaza: Mohammed Dahlan, a Palestinian exile and an adviser to the president of the United Arab Emirates, provided some insights into what Arab governments are privately planning  for the battered enclave after the war ends.

A Child’s Suffering: Dareen al-Bayaa, 11, lost dozens of her family members in an airstrike on Gaza . She is one of at least 17,000 children across the territory who have been orphaned or separated from their parents.

Fighting for Influence: The Friends Committee, a Quaker lobbying group, has been pushing in Washington for a cease-fire  between Israel and Hamas, going up against more powerful and better-funded groups backing Israel.

Egypt is constructing a buffer wall near the Rafah crossing

Footage from February 15 shows construction underway of a security barrier near the Gaza border as concerns rise over a possible Israeli offensive in Rafah.

Saturday 17 February 2024 15:48, UK

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A buffer wall near the Rafah crossing into Gaza is under construction in Egypt.

The road where Navalny's body was transported

A drug dealer who was caught with party bags containing canisters of laughing gas has become the first person to be jailed for possession of the class C drug since it was outlawed.

Moment police arrest laughing gas dealer

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Video shows fight for Avdiivka

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  3. 5 mega construction projects in Egypt 2020

    construction projects egypt

  4. Egypt’s construction sector set to see annual growth of 11.3% between 2019 and 2023

    construction projects egypt

  5. After delays, Egypt's new mega-museum set to open in 2020

    construction projects egypt

  6. Egypt soars high with mega real estate construction projects

    construction projects egypt

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  1. Engineering projects in ancient Egypt #shorts

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  4. Exploring Egypt's Futuristic New Administrative Capital City

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COMMENTS

  1. The Top Ongoing Megaprojects in Egypt

    Jul 4, 2023 by Anita Anyango Home » Biggest projects » The Top Ongoing Megaprojects in Egypt Economic megaprojects in Egypt have been the main characteristic. A series of infrastructure with support from the International Monetary Fund, appear to be having a positive effect on the country's overall economy.

  2. Egypt's mega-projects trigger growth in construction

    Egypt's construction sector maintained a positive trajectory over the 2020-22 period despite pandemic-related challenges and the halting of construction in response to building code violations. In FY 2018/19 the segment contributed LE320.8bn ($20.4bn) to GDP at current prices, or around 6% of GDP, according to the MPED.

  3. Photos: Egypt's New Capital-City Megaproject

    First announced in 2015, Egypt's new, as-yet-unnamed capital city has been under construction for years, at an estimated cost of more than $50 billion. Temporarily referred to as the New...

  4. Top ongoing and upcoming Egypt Megaprojects

    New Alamein City It consists of five stunning residential buildings. Constructed by China's State Construction Engineering Corporation in partnership with Egypt's New Urban Communities Authority, these skyscrapers are estimated to be worth $1.9 billion.

  5. Egypt: Five Largest Construction Projects Started in Q4 2022

    Egypt: Five Largest Construction Projects Started in Q4 2022 Share Industry: Construction Other Industry Indicators With a project value of $500 million, the ACWA Power - Kom Ombo 200 MW Photovoltaic Power Plant - Aswan project was the largest construction project in Egypt, on which construction started in Q4 2022.

  6. PROJECTS: Egypt sees construction boom in 2022

    December 12, 2021 EGYPT REAL ESTATE CONSTRUCTION A pick-up in building projects in Egypt's New Administrative Capital (NAC) will trigger a construction boom in 2022, one of the Arab country's top contractors was reported on Sunday as saying.

  7. Egypt Construction Q1 2022 Report: Government-Backed Mega

    Egypt Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by: Housing type (multi family, single family) Key cities (Tier - 1 ...

  8. Egypt Projects, H1 2022

    The project market size in Egypt was valued at $18.4 billion in 2021. Egypt was the fourth largest projects market in the MENA region. The largest single sector has historically been construction followed by transport and power. Egypt's macroeconomic environment has remained resilient in the aftermath of the Covid-19 shock, although long ...

  9. Construction in Egypt

    Figure 10: Egypt, Commercial Construction Projects Pipeline, Value by Stage (US$ Million) Figure 11: Egypt, Value-Add of Hotels and Restaurants (EGP Billion, 2016-2017 Base Prices), % Change YoY Figure 12: Egypt, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025

  10. Projects in Egypt

    Wadi El Gemal Visitors Center / Egyptian Earth Construction Association. Top architecture projects recently published on ArchDaily. The most inspiring residential architecture, interior design ...

  11. Egypt construction poised for growth in 2023

    Egypt construction poised for growth in 2023 Project activity holds steady even amid macroeconomic challenges Egypt (Photo Credit: Pexels/Tamer Soliman) Egypt's construction sector looks set for another year of growth as urbanization needs continue to drive project decisions in 2023 despite supply chain disruptions in the country.

  12. Building realities: Rowad highlights the transformative projects in Egypt

    Business Building realities: Rowad highlights the transformative projects in Egypt Yasser El-Saadany, GM for Saudi Arabia and GCC at Rowad Modern Engineering, reveals how the turnkey contractor is shaping Egypt's infrastructure and architectural landscape by Angitha Pradeep January 04, 2024 08:00 AM GST

  13. Construction projects in Egypt

    The Egypt construction sector is predicted to grow, driven by infrastructure - transportation, residential projects - sustainable and affordable housing units, and the shift of new capital to Cairo. With the government's plan to increase the share of sustainable power sources to 37% by 2035, the energy and utilities construction market will ...

  14. 5 mega construction projects in Egypt 2020

    6140 The October Oasis plan According to Africa Construction 2019 Deloitte report, Egypt has the most construction projects with 49, followed by Algeria with 17 projects, and then Morocco with 16 projects. Here now are the major construction projects in Egypt: FourWinds Coal-Fired Power Plant

  15. Egypt leads Africa in the number and value of construction projects.

    31 Mar 2022 The residential construction sector has witnessed tremendous growth in Egypt, towering head and shoulders above any African country. With the increase in population and urbanisation, the demand for housing is growing steadily. The government, as well as private companies, are investing heavily in the residential market.

  16. The Top 5 Egyptian Infrastructure projects to come

    Kitchener Drain Depollution Project- Solid Waste Project name. Construction of "New Tunnel Road" Sharm El Sheikh. Amount (in USD million) 85.92. Description. Once complete, the project aims to integrate the road network in the Sinai Peninsula and raise the level of safety of its use and reduce operating costs and transport time.

  17. Egypt: Construction contracts worth $23.55bln expected to be ...

    Construction contracts worth $23.55 billion are expected to be awarded in Egypt in 2023, according to Ventures Onsite, a construction projects intelligence platform. The projects awarded till date amount to $16.5 billion with buildings and infrastructure sector expected to see a good jump in 2024, according to the platform.

  18. Egypt Projects

    Egypt projects is A world-class construction event brought to you by the experts. Since its creation in 2016, Egypt projects prove it self as the most important platform in Egypt and Africa. By increased number of Exhibitors, Visitors and Governmental residence.

  19. Egypt's Grand Plaza plans to inject $16mln in construction ...

    EGYPT CONSTRUCTION. Egypt's Grand Plaza intends to allocate 500 million Egyptian pounds ($16 million) for construction work in 2024, the company chairman said. The developer recently launched the 192-unit Phase 1 of its La Mirada Mostakbal project, located in Mostaqbal City, New Cairo. Sherif Othman said the company is targeting EGP800 ...

  20. 10 Upcoming Mega Projects in Egypt 2024 Which Will Shape its Future

    With 49 multi-billion dollar mega construction projects happening, Egypt is leading the pack in Africa's big building boom, according to Deloitte's 2019 Africa Construction Report. The construction industry has been on fire in Egypt for the last decade and is expected to soar even higher, with an average growth of 9% from 2021 to 2025.

  21. Evaluating the quality of construction projects in Egypt and

    Introduction. The construction industry has been criticized over the past years as a result of low performance and productivity compared to other industries, and locally, many researches [Citation 1], and [Citation 2] have indicated a noticeable deviation of projects in Egypt from their main objectives of cost, duration and quality.It will not be appropriate in light of the increasing global ...

  22. Egypt Builds Wall Near Gaza Border as Israel's Rafah Offensive Looms

    Amid fears about displaced Palestinians massing at the border with Gaza, Egyptian officials have disclosed little about a new construction project. By Nada Rashwan and Christiaan Triebert ...

  23. A Mysterious Construction Project Takes Shape in Egypt, Near Gaza

    The city of Rafah in southern Gaza is one of the last areas of the territory where Israeli troops have yet to deploy in force. But now, as Israel warns of a ground offensive there, some of the 1.4 ...

  24. Mysterious Sinai Project Prompts Fears Among Palestinians

    This satellite image provided by Maxar Technologies shows earth grading activity during buffer zone construction in Rafah, Egypt, Feb. 10, 2024. (Maxar Technologies via AP) Share

  25. Egypt's Misr Italia Properties to deliver 3,000 units in El ...

    Egypt's Misr Italia Properties is planning to deliver 3,000 units in El Bosco New Capital, located in the New Administrative Capital, this year, the company's CEO and Managing director said. Mohamed Khaled Al Assal told Zawya Projects that they delivered 1,500 apartments in the project in 2023.

  26. Egypt is building a new walled buffer zone more than 2 miles wide on

    Egypt is building a massive miles-wide buffer zone and wall along its border with southern Gaza, new satellite images show, as fears grow over Israel's planned ground offensive in Rafah where ...

  27. Egypt is constructing a buffer wall near the Rafah crossing

    Egypt is constructing a buffer wall near the Rafah crossing . Footage from February 15 shows construction underway of a security barrier near the Gaza border as concerns rise over a possible ...