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

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

Summary

Projects market outlook

Egypt’s project market has slightly more than $93bn-worth of projects under execution and more than $425bn-worth of projects at various stages of pre-execution.

Despite the Covid-19 impact, project activity has been a bright spot for the Egyptian economy in recent years and foreign governments have also been clamouring to support project activity in the country through export credit finance arrangements.

Residential and institutional sector projects are likely to deliver the highest rate of growth. Also, Public-private partnership (PPP) projects look set to drive construction activity in Egypt’s healthcare sector. Furthermore, plans for largescale grid connectivity projects and an ongoing need to improve water security by adding water treatment capacity present further areas of opportunity for investors and contractors.

Project contract awards

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 by 3.8 per cent to reach $17.6bn in 2020. And the same level of growth continued in 2021 as well, with the contract awards activity totalling $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.

Written by MEED, the Middle East market experts within the GlobalData Group, Egypt Projects H1 2022 is the update to last year’s report. Focused on data, it is aimed at helping companies create strategies for targeting and growing the market.

Reasons to Buy

• Long term projects market forecast
• Summary and lists of future project opportunities
• Analysis of key trends, market drivers and opportunities by country and sector
• Top clients and contractors ranking