Egypt Project Outlook
Thank you for attending our webinar on Egypt Project Outlook. We hope you found the discussion on Egypt’s project market outlook informative. For those of you who were not able to join us, you can watch the recording of the webinar on this page. If you have any questions for the panelists, please send them to us at info@abiq.io and we will try our best to get them answered.
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Webinar detail
Egypt project market continues to grow over the past few years and leads the African region with over 300 active projects worth $338 billion as per leading project tracking platform ABiQ. With the government keen on developing new infrastructure to meet the needs of a rapidly growing population, Egypt’s project market outlook looks promising. Construction projects in Egypt lead the market followed by Energy and Transport projects.
ABiQ is hosting a webinar to discuss the current project market including top upcoming and ongoing projects in Egypt, top-performing sectors, challenges, and the future of the market.
About ABiQ
With Africa deeply embedded in our roots, ABiQ is committed to supporting the growth of the African economy. Africa is a land of opportunities and ABiQ can help you with your growth plans for the region.
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- Track projects in Africa, UAE, and Saudi Arabia worth over $4 Trillion
- Access over a million companies in Africa and the Middle East
- Access Company shareholders, subsidiaries, and detailed contact information
- Connect with decision-makers and grow your business in Africa and the Middle East
- Drive your growth strategy across all 54 African countries
ABiQ tracks projects worth over $4 Trillion in Africa, UAE, and Saudi Arabia. Book a free demo now or register here to get free access to a light version of our platform.
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Sectors we cover
Energy
Oil and Gas
Government
Construction
Manufacturing
Water
Mining
Healthcare
Financial Services
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 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 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?
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
Algebra Ventures is Egypt's leading technology venture capital firm. According to its website, it has invested over $300 million in its portfolio companies