Egypt top single projects market with $300bn developments

Egypt’s largest construction event, The Big 5 Construct Egypt, will return for its second edition to the Egyptian International Exhibition Centre (EIEC) in Cairo and will run from September 2 to 4, stated the organisers dmg events, a subsidiary of the Daily Mail and General Trust plc (DMGT).

It is being held in partnership between dmg events and ACG-ITF, a leading organiser of the largest international exhibitions in Egypt.

According to the report, Egypt is the only country in the region where overall spending on projects has grown during the past two years.

It has already overtaken Saudi Arabia as the second largest single projects market in the region, recording more than $33 billion of contract awards in 2018, stated the Egyptian Construction Market Report which has been released in partnership with MEED Projects.

In the backdrop of a successful launch in 2018, The Big 5 Construct Egypt will grow further spreading across 30,000 sq m and putting a stronger focus on infrastructure and construction to build the new Egypt, said the organisers.

"Egypt is in the midst of a construction boom," remarked Roni El Haddad, the event director of The Big 5 Construct Egypt, while commenting on the new Egyptian Construction Market Report.

“In total, more than $20 billion worth of real estate and civil infrastructure projects valued $50 million or above have been awarded over the past two years alone. The future looks even more promising," he stated.