DUBLIN, Jun 22, 2021--(BUSINESS WIRE)--The "Egypt Projects, H1 2021 - Outlook of Major Projects in Egypt - MEED Insights" report has been added to ResearchAndMarkets.com's offering.
Egypt continues to be one of the few projects markets in the Middle East and North Africa (MENA) region to have continued to grow over the past three years during a period of lower oil prices. This thanks mainly to strong population growth, recent gas finds, and a government firmly focused on infrastructure investment.
This is underlined by the market's 2020 performance. Despite the impact of COVID-19, contract awards at $15bn were more or less flat year-on-year. While other markets such as the UAE and Saudi Arabia saw a very substantial fall in activity, the strength of the Egypt market made it much more resilient to short term challenges caused by the pandemic.
Much of this is due to the government's ongoing commitment to building new infrastructure, focused in particular on the new administrative capital and other new cities in the country such as El Alamein. With a population growing by 2 million a year, Cairo has little choice but to maintain rapid progress in project development.
Looking further ahead, the outlook for the local projects market is optimistic. Chinese investment will play a key role, but foreign investment in general will be central to success of the market going forward. This is in turn will require political and currency stability and a continuing commitment from the government to ensure Egypt remains attractive and open to foreign investment.
Reasons to Buy
Long term projects market forecast
Summary and lists of future project opportunities
Analysis of key trends, market drivers and opportunities by country and sector
Top clients and contractors ranking
Key Topics Covered:
Egypt Country Overview
Egypt Projects Market
Oil and Gas
Power and Water
For more information about this report visit https://www.researchandmarkets.com/r/9sxfgj
View source version on businesswire.com: https://www.businesswire.com/news/home/20210622005580/en/
Laura Wood, Senior Press Manager
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