Market Snapshot: The Egyptian construction sector

Market Snapshot: The Egyptian construction sector

Over recent decades, Egypt has seen substantial economic growth. In 2000, GDP in current prices stood at $104 billion. In 2022, it had more than quadrupled to $475 billion. Despite a likely drop in 2023 and 2024, the IMF forecasts GDP to rise again to nearly $600 billion by 2028. GDP growth is forecasted to strengthen from 3.6% in 2024 to more than 6% in 2028. Between 2024 and 2028, the IMF expects GDP per capita to grow from $3,300 to about $5,000.

New Mines In North Africa

New Mines In North Africa

Algeria, Egypt, Libya, Morocco, Sudan, Tunisia

New mines in North Africa account for 62% of Industrial activity, which totals $14 billion in active projects. Algeria is North Africa’s busiest market for new mining and industrial projects. The North African country has almost 50% or $7 billion of new industrial and mining projects. Egypt is in second place, with 44% of the active mining and industrial projects.

Egypt is investing $1.8 Billion in new hospitals

Egypt is investing $1.8 Billion in new hospitals

Algeria, Egypt, Healthcare, Libya, Morocco, Sudan, Tunisia

Egypt leads North Africa with more than 60% of the new hospital projects. Egypt’s population exceeds 108 million, or 42% of North Africa’s total population. Egypt’s population growth rate is also the highest in North Africa. Investing in healthcare is a primary focus for the Egyptian government.

Is Egypt open for business or is foreign investment scuppered?

Is Egypt open for business or is foreign investment scuppered?

Africa, Announcements, Countries, Egypt, Financing, Home Page, Markets, Power, Sectors, Snippets

Egypt is most certainly open for foreign investment. As part of the country’s attempts to boost foreign investment, the Egyptian government recently announced that it has granted a special golden licence to foreign investments in specific industries.

The IFC has invested $15 million in Egypt’s Algebra Ventures’ Fund II

The IFC has invested $15 million in Egypt’s Algebra Ventures’ Fund II

Egypt, Financing

Algebra Ventures is Egypt’s leading technology venture capital firm. According to its website, it has invested over $300 million in its portfolio companies

IFC and EF-MSME signs funding agreement

IFC and EF-MSME signs funding agreement

Egypt, Financing

The International Finance Corporation (IFC) and the Egyptian Federation for Medium, Small and Micro Enterprise Finance are partnering to improve access to finance for 41 microfinance institutions in Egypt.

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

Egypt leads Africa in the number and value of 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

Chinese funding dominated Africa’s project market in 2021

Chinese funding dominated Africa’s project market in 2021

Country, Egypt, Financing, Morocco, Mozambique, Nigeria, Power, Power, South Africa, Transport

Despite disruptions of the COVID-19 pandemic, Africa started construction on more than $160 billion worth of projects in 2021. The Export-Import Bank of China is funding projects worth more than $15 billion that started construction work in 2021.

Egypt builds its energy system

Egypt builds its energy system

Egypt, Power, Power

EGYPT has more than $100 billion in power provision projects under study or in the planning stage, gearing the North African country to meet its energy requirements in the decades ahead.

European countries investing in Africa

European countries investing in Africa

Agriculture, Egypt, Ethiopia, Financing, Kenya, Mining, Morocco, Nigeria, Oil and gas, Power, Power, Rwanda, Tanzania, Transport, Water

Africa shows tremendous potential, having the youngest and the fastest-growing middle class in the world. The continent is teeming with the potential for large-scale investments.

Top 5 ongoing mega projects in Africa

Top 5 ongoing mega projects in Africa

Algeria, Country, Egypt, Housing, Oil and gas, Power, Power, Tanzania

Africa is witnessing a growth in large-scale projects that will affect its economic growth in the future. Needless to say that the sustainable energy industry is thriving, and most of the top ongoing mega projects are those that deal with the production of cleaner energy.

PPP Opportunities in Africa

PPP Opportunities in Africa

Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Country, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, eSwatini, Ethiopia, Gabon, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Morocco, Mozambique, Namibia, Niger, Nigeria, Republic of the Congo, Rwanda, Senegal, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Tanzania, The Gambia, Togo, Tunisia, Uganda, Western Sahara, Zambia, Zimbabwe

Africa has more than $791 billion of active projects utilizing Public-Private-Partnerships. Forty-six per cent or $369 billion is currently under construction.

Focus on Egypt: Key Development Areas

Focus on Egypt: Key Development Areas

Egypt is the third-largest economy in Africa and the second-most populous. By 2050, Egypt will have 160 million people; 22 per cent will be younger than 18 years of age.

The Role of Oil & Gas in Africa Energy Supply

The Role of Oil & Gas in Africa Energy Supply

Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Country, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, eSwatini, Ethiopia, Gabon, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Morocco, Mozambique, Namibia, Niger, Nigeria, Oil and gas, Republic of the Congo, Rwanda, Senegal, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Tanzania, The Gambia, Togo, Tunisia, Uganda, Western Sahara, Zambia, Zimbabwe

Africa has 15 per cent of the world’s population but consumes only 3 per cent of its energy while it produces 12 per cent of the world’s energy. There are more than $340 billion of active oil and gas projects in Africa.

Top 5 Healthcare Projects in Africa

Top 5 Healthcare Projects in Africa

Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Country, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, eSwatini, Ethiopia, Gabon, Ghana, Guinea, Guinea-Bissau, Healthcare, Ivory Coast, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Morocco, Mozambique, Namibia, Niger, Nigeria, Republic of the Congo, Rwanda, Senegal, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Tanzania, The Gambia, Togo, Tunisia, Uganda, Western Sahara, Zambia, Zimbabwe

The healthcare sector in Africa is straining under the mense pressure brought on by COVID-19. Africa has to invest billions in developing its healthcare infrastructure, educate and train thousands of specialists to serve its rapidly growing population.

Top 5 Projects in Egypt

Top 5 Projects in Egypt

Education, Egypt, Financing, Leisure, Oil and gas, Power, Transport

Significant population growth is driving the Egyptian government to promote investment in all sectors of the economy. Egypt is the largest construction market in Africa, with more than $350 billion of active projects.

Top 5 Hydro Projects in Africa

Top 5 Hydro Projects in Africa

Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Country, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, eSwatini, Ethiopia, Gabon, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Morocco, Mozambique, Namibia, Niger, Nigeria, Republic of the Congo, Rwanda, Senegal, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Tanzania, The Gambia, Togo, Tunisia, Uganda, Water, Western Sahara, Zambia, Zimbabwe

Since Africa has a booming population and low access to power rates, providing power to all Africans is critical. Hydropower still provides the lowest Levelized cost of energy (LCOE). Therefore, the African continent is investing more than $83 billion in Hydropower projects.

Top 5 Power Projects in Africa

Top 5 Power Projects in Africa

Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Country, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, eSwatini, Ethiopia, Gabon, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Morocco, Mozambique, Namibia, Niger, Nigeria, Power, Power, Republic of the Congo, Rwanda, Senegal, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Tanzania, The Gambia, Togo, Tunisia, Uganda, Western Sahara, Zambia, Zimbabwe

Africa’s population will exceed 2.5 billion by 2050. Power is a key issue since less than 50 per cent of the people in sub-Sahara Africa has access to reliable power. At the moment, there are roughly $400 billion of active power projects in Africa.

Top 5 Transport Projects in Africa

Top 5 Transport Projects in Africa

Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Country, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, eSwatini, Ethiopia, Gabon, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Morocco, Mozambique, Namibia, Niger, Nigeria, Republic of the Congo, Rwanda, Senegal, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Tanzania, The Gambia, Togo, Transport, Tunisia, Uganda, Western Sahara, Zambia, Zimbabwe

Rapid population growth and vast natural resources drive investment in Africa’s transport infrastructure, with $22 billion of projects currently being tendered.

ABiQ facilitated more than $280 million in project finance

ABiQ facilitated more than $280 million in project finance

Agriculture, Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Country, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, eSwatini, Ethiopia, Financing, Gabon, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Kenya, Leisure, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Morocco, Mozambique, Namibia, Niger, Nigeria, Oil and gas, Power, Power, Republic of the Congo, Rwanda, Senegal, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Tanzania, The Gambia, Togo, Tunisia, Uganda, Western Sahara, Zambia, Zimbabwe

ABiQ has managed to put forward projects seeking more than $280 million in funding. The projects selected are diverse and cover the agriculture, real estate, energy and renewable energy sectors.

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