Over 1 400 construction projects valued at USD348.2-billion and Egypt’s economic reform programme make The Big 5 Construct Egypt event more important than ever.
According to the latest BNC report by The Big 5 Construct Egypt, the country is going through a phase of economic prosperity, namely in the construction sector. In 2017, Egypt’s construction market output recorded a 10% growth, as opposed to an average annual growth rate of 5.3% over the previous four years.
The Big 5 Construct Egypt will take place from 18 to 21 September 2018 at the Egypt International Exhibition Center. Credit: The Big 5 Construct Egypt
The report goes on to detail the total estimated number of active projects at more than 1 400 with a combined estimated value of USD348.2-billion. Over 68% of projects, with a combined value of USD142-billion, are in their advanced stages of development, while an estimated USD178.4-billion worth of projects are in their early stages.
The ‘Urban Construction in Egypt’ report compliments the arrival of The Big 5 Construct Egypt event in the country, which will be held at the Egypt International Exhibition Center from 18 to 21 September 2018.
Josine Heijmans, portfolio director of The Big 5 Construct Egypt says, “The steps taken by the Egyptian government since 2016, especially the launch of the reform programme, have been very encouraging and set the stage for a new era. Egypt’s GDP growth is steady, inflation is declining, tourism and remittances are on the rise and foreign reserves are increasing. All of that and more are driving the economy in general, and the construction market specifically towards new frontiers.
“Coming to Egypt now, The Big 5 Construct Egypt will bring with it a wealth of knowledge to industry professionals, business development opportunities and will help drive FDI into the sector through the participation of some of the world’s most renowned names in construction.”
Free to attend, the event offers 360-degree solutions for the Egyptian built environment, connecting industry experts, buyers and manufacturers of construction products from all over the world. The event covers six dedicated product sectors as well as feature free-to-attend CPD-certified workshops.
The Big 5 Construct Egypt will host 15 country pavilions including Greece, Germany, Italy and Spain. Some of the largest industry players have partnered up with the event, including the international Underwriters Laboratories (UL), the Saudi-based Al Bawani Company, the Egyptian companies Sphinx Glass, Ezzsteel, Kandil Steel and Al Sherif Group.
The Big 5 Construct Egypt is supported by the Egyptian Federation for Construction and Building Contractors (EFCBC), the African Federation for Construction Contractors Associations (AFCCA), the Egyptian Chamber of Building Material and the Arab Water Council.
‘Growing confidence indicates a positive year ahead for the construction sector in Egypt, which is expected to continue in the coming years,’ concludes the report.