Egypt Projects, H1 2022 - Outlook of Major Projects in Egypt - MEED Insights
Projects market outlook
Egypt’s project market has slightly more than $93bn-worth of projects under execution and more than $425bn-worth of projects at various stages of pre-execution.
Despite the Covid-19 impact, project activity has been a bright spot for the Egyptian economy in recent years and foreign governments have also been clamouring to support project activity in the country through export credit finance arrangements.
Residential and institutional sector projects are likely to deliver the highest rate of growth. Also, Public-private partnership (PPP) projects look set to drive construction activity in Egypt’s healthcare sector. Furthermore, plans for largescale grid connectivity projects and an ongoing need to improve water security by adding water treatment capacity present further areas of opportunity for investors and contractors.
Project contract awards
Despite the lingering aftereffects of the bruising currency devaluation of 2016 on its socio-economic fabric, the impact of the Covid pandemic on key sectors of the economy and a weak public health response by the government, the country appears to have weathered the pandemic with remarkable ease. Despite the Covid-19 impact, economic slowdown and few project delays, contract awards grew by 3.8 per cent to reach $17.6bn in 2020. And the same level of growth continued in 2021 as well, with the contract awards activity totalling $18.4bn.
As a key market for projects and infrastructure development, the value of project contract awards in the construction and transport sectors has risen for the past eight years running.
While Egypt’s oil and gas sector now suffers from underinvestment in upstream projects following the completion of development work at the Zohr gas field, exploration activities continue.
Summary
Projects market outlook
Egypt’s project market has slightly more than $93bn-worth of projects under execution and more than $425bn-worth of projects at various stages of pre-execution.
Despite the Covid-19 impact, project activity has been a bright spot for the Egyptian economy in recent years and foreign governments have also been clamouring to support project activity in the country through export credit finance arrangements.
Residential and institutional sector projects are likely to deliver the highest rate of growth. Also, Public-private partnership (PPP) projects look set to drive construction activity in Egypt’s healthcare sector. Furthermore, plans for largescale grid connectivity projects and an ongoing need to improve water security by adding water treatment capacity present further areas of opportunity for investors and contractors.
Project contract awards
Despite the lingering aftereffects of the bruising currency devaluation of 2016 on its socio-economic fabric, the impact of the Covid pandemic on key sectors of the economy and a weak public health response by the government, the country appears to have weathered the pandemic with remarkable ease. Despite the Covid-19 impact, economic slowdown and few project delays, contract awards grew by 3.8 per cent to reach $17.6bn in 2020. And the same level of growth continued in 2021 as well, with the contract awards activity totalling $18.4bn.
As a key market for projects and infrastructure development, the value of project contract awards in the construction and transport sectors has risen for the past eight years running.
While Egypt’s oil and gas sector now suffers from underinvestment in upstream projects following the completion of development work at the Zohr gas field, exploration activities continue.
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
Table of Contents
- Executive Summary
- Egypt Country Overview
- Egypt Projects Market
- Oil and Gas
- Construction
- Transport
- Industrial
- Power and Water
List of Tables
Table 1 Top Projects
Table 2 Biggest planned and un-awarded projects in Egypt
Table 3 Top Oil and Gas Sector Projects
Table 4 Biggest planned and un-awarded Oil and Gas projects in Egypt Due in Bidding Stage
Table 5 Biggest planned and un-awarded Oil and Gas projects in Egypt at Design, FEED or Study Stage
Table 6 Top Construction Sector Projects
Table 7 Biggest planned and un-awarded Construction projects in Egypt Due in Bidding Stage
Table 8 Biggest planned and un-awarded Construction projects in Egypt at Design, FEED or Study Stage
Table 9 Top Transport Sector Projects
Table 10 Biggest planned and un-awarded Transport projects in Egypt Due in Bidding Stage
Table 11 Biggest planned and un-awarded Transport projects in Egypt at Design, FEED or Study Stage
Table 12 Top Industrial Sector Projects
Table 13 Biggest planned and un-awarded Industrial projects in Egypt Due in Bidding Stage
Table 14 Biggest planned and un-awarded Industrial projects in Egypt at Design, FEED or Study Stage
Table 15 Top Power and Water Sector Projects
Table 16 Biggest planned and un-awarded Power and Water projects in Egypt Due in Bidding Stage
Table 17 Biggest planned and un-awarded Power and Water projects in Egypt at Design, FEED or Study Stage
List of Figures
Figure 1 Egypt country map
Figure 2 GDP by sector, 2020 (%)
Figure 3 Egypt Nominal GDP vs. GDP Growth, 2012-24
Figure 4 Egypt budget, 2012-22 (EGP bn)
Figure 5 Gulf Projects Index Value of all projects in Egypt ($m)
Figure 6 Projects market by project status ($m)
Figure 7 Projects market by sector ($m)
Figure 8 Value of contract awards by year ($m)
Figure 9 Value of contract awards by year and sector ($m)
Figure 10 Value of contracts awarded in Egypt in July to December, 2012-21 ($m)
Figure 11 Number of Contracts Awarded 2012-21
Figure 12 Biggest clients in Egypt by value of contracts in execution ($m)
Figure 13 Biggest contractors in Egypt by contracts in execution ($m)
Figure 14 Projects planned but unawarded by status ($m)
Figure 15 Projects planned but unawarded by sector ($m)
Figure 16 Biggest clients in Egypt by value of contracts planned ($m)
Figure 17 Value of Oil and Gas contract awards by year ($m)
Figure 18 Oil and gas projects market by project status ($m)
Figure 19 Oil and gas projects market by subsector (%)
Figure 20 Value of Oil and Gas contract awards by year and subsector ($m)
Figure 21 Biggest Oil and Gas Sector clients in Egypt by value of contracts in execution ($m)
Figure 22 Biggest Oil and Gas Sector contractors in Egypt by contracts in execution ($m)
Figure 23 Oil and Gas Projects planned but unawarded by status ($m)
Figure 24 Oil and Gas Sector Projects planned but unawarded by subsector ($m)
Figure 25 Biggest Oil and Gas Sector Future Clients
Figure 26 Value of Construction contract awards by year ($m)
Figure 27 Construction projects market by project status ($m)
Figure 28 Construction projects market by subsector (%)
Figure 29 Value of Construction contract awards by year and subsector ($m)
Figure 30 Biggest Construction Sector clients in Egypt by value of contracts in execution ($m)
Figure 31 Biggest Construction Sector contractors in Egypt n by contracts in execution ($m)
Figure 32 Construction Projects planned but unawarded by status ($m)
Figure 33 Construction Sector Projects planned but unawarded by subsector ($m)
Figure 34 Biggest Construction Sector Future Clients
Figure 35 Value of Transport contract awards by year ($m)
Figure 36 Transport projects market by project status ($m)
Figure 37 Transport projects market by subsector (%)
Figure 38 Value of Transport contract awards by year and subsector ($m)
Figure 39 Biggest Transport Sector clients in Egypt by value of contracts in execution ($m)
Figure 40 Biggest Transport Sector contractors in Egypt by contracts in execution ($m)
Figure 41 Transport Projects planned but unawarded by status ($m)
Figure 42 Transport Sector Projects planned but unawarded by subsector ($m)
Figure 43 Biggest Transport Sector Future Clients
Figure 44 Value of Industrial contract awards by year ($m)
Figure 45 Industrial projects market by project status ($m)
Figure 46 Industrial projects market by subsector (%)
Figure 47 Value of Industrial contract awards by year and subsector ($m)
Figure 48 Biggest Industrial Sector clients in Egypt by value of contracts in execution ($m)
Figure 49 Biggest Industrial Sector contractors in Egypt by contracts in execution ($m)
Figure 50 Industrial Projects planned but unawarded by status ($m)
Figure 51 Industrial Sector Projects planned but unawarded by subsector ($m)
Figure 52 Biggest Industrial Sector Future Clients
Figure 53 Value of Power and Water contract awards by year ($m)
Figure 54 Power and Water projects market by project status ($m)
Figure 55 Power and Water projects market by subsector (%)
Figure 56 Value of Power and Water contract awards by year and subsector ($m)
Figure 57 Biggest Power and Water Sector clients in Egypt by value of contracts in execution ($m)
Figure 58 Biggest Power and Water Sector contractors in Egypt by contracts in execution ($m)
Figure 59 Power and Water Projects planned but unawarded by status ($m)
Figure 60 Power and Water Sector Projects planned but unawarded by subsector ($m)
Figure 61 Biggest Power and Water Sector Future Clients
