Egypt’s economy riding high on $354.8bn project pipeline, say experts

June 24, 2021

Egypt is the third largest construction market in the Mena region, and that activity remains a bright spot for the country’s economy with a pipeline of known and un-awarded projects worth $354.8 billion in the country, said top industry experts ahead of Big 5 Construct Egypt expo in capital Cairo.

 

A major event for the building sector, The Big 5 Construct Egypt will be back on June 26 and run until June 29, at the Cairo International Convention Centre (CICC), to facilitate business opportunities in Egypt’s growing construction project market.

 

To complement industry-defining features at the event, The Big 5 Construct Egypt will gather hundreds of leading brands from more than 15 countries such as Canada, Germany, Greece, Russia, Italy, UAE and Saudi Arabia, said the event organiser, dmg events. 

 

Heavyweights signed up to exhibit include the likes of Hassan Allam Holding, Orascom Construction, El Soadaa, ASGC, Hanimex, Al Zamil, Al Ahram, Wellbond and Al Amal.

 

Now in its third edition, the event will launch The Big 5 Egypt Impact Awards, designed to recognise the businesses and people driving innovation in Egypt’s industry, in addition to The Big 5 Egypt Leadership Conference, a highly anticipated three-day event scheduled to gather regional Ministers and international leadersto explore the construction sector’s future contribution toward economic growth and diversification in Egypt.

 

Unveiling the details of the upcoming expo at a press conference, Matt Denton, the president at dmg events, stated that powerful face-to-face connections between industry stakeholders would be significant for the sector’s sustained development, reinforcing that “It is more important than ever for us to offer a safe environment for the community to come together where they can boost business activities, rebuild partnerships, and apply lessons learnt to future projects all in one place.”

 

“To that end, in addition to offering vital trading opportunities this year, The Big 5 Construct Egypt will launch new high-level features focused on strategic industry development and innovation, making it an unmissable business event for the construction sector in the wake of Covid-19 disruption,” he added.

 

Present at the press conference were Engineer Khaled Abbas, Deputy Minister of Housing, Utilities and Urban Communities for National Projects; Mohamed El Dahshoury, CEO of Hassan Allam Construction; Heike Harmgart, the Managing Director, Southern and Eastern Mediterranean Region for European Bank for Reconstruction and Development (EBRD) and Mohamed Tarek, Area Managing Director of North Africa for Consolidated Contractors Company (CCC).

 

Harmgart, a key speaker at upcoming The Big 5 Egypt Leadership Conference, said: “The leadership conference is a great opportunity for policy makers, financial institutions and investors to discuss the priorities for Egypt and to promote sustainable green infrastructure and construction sectors.”

 

The new strategic features, The Big 5 Egypt Leadership Conference and The Big 5 Egypt Impact Awards, will support development and innovation in the sector, he added.

 

El Dahshoury said: “For over 85 years, Hassan Allam Holding has been playing a vital role in building strategic and national projects for the Egyptian state, including water, energy and infrastructure projects; thus, making it one of the biggest construction companies globally.”

 

“The Big 5 Construct Egypt represents a great place for business leaders to discuss, sign agreements and present investment opportunities, at a time when infrastructure projects play a decisive role in the economic recovery, not only in Egypt but around the world,” he added.-TradeArabia News Service

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