Egypt Construction - Sept 2021
|Title: Egypt Construction - Sept 2021|
|Published on: 09-02-2022||Price: $500.00|
Despite the Covid-19 pandemic and its global impact, Egypt has recently been ranked fourth on the Economist magazine’s global normalcy index and the third on Forbes Middle East’s list for the biggest economies in the Arab region. The government of Egypt aims at boosting and activating the economy in a phased manner by enforcing the 2021-2022 budget. Egypt's parliament approved a US$ 158 billion budget for the financial year beginning from July 1st 2021.
The construction industry witnessed a positive trend despite project delays amid the Covid -19 pandemic. The industry had also been growing at a fast pace prior to the pandemic and driven by the construction of mega projects, which includes new cities, transport infrastructure and residential buildings. The Egyptian military as well as foreign and local contractors are benefiting from a major government-backed programme to build new cities and infrastructure. The government is focused on increasing public spending to implement new projects and provide better services to the public.
The report covers the analysis of the economy, budget and sectors such as the building, infrastructure, industrial, oil and gas and power and water sectors in Egypt. Major awarded, ongoing and planned projects are also detailed in the report.
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