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.
Algebra Ventures is Egypt’s leading technology venture capital firm. According to its website, it has invested over $300 million in its portfolio companies
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.
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
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 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.
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.
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.
Africa has more than $791 billion of active projects utilizing Public-Private-Partnerships. Forty-six per cent or $369 billion is currently under construction.
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.
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.
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.
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.
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.
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.
Rapid population growth and vast natural resources drive investment in Africa’s transport infrastructure, with $22 billion of projects currently being tendered.
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.
The overall risk score for most African countries increased during 2020. The overall ranking saw some minor changes in the top ten with a more distributed representation from all parts of Africa.
Project finance for large infrastructure is widely used in western developed countries. It represented more than $2 trillion of investments globally between 2003-2013; only around 3 per cent of this amount was dedicated to sub-Saharan Africa.
Rail projects lead the transport sector investments in North Africa. The North African transport sector currently has more than $60 billion of active projects.
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