CONSTRUCTION PORTFOLIO OF EVENTS

25 - 27 June 2024

11 AM - 7 PM

Egypt International Exhibition Center (EIEC)

Why Egypt

banner

About Egypt

 

Egypt offers numerous benefits as an attractive place to invest in. One of its key advantages lies in strategic location, making it ideal gateway for businesses aiming access markets Africa and the Middle East.

Additionally, Egypt has plenty of land for development purposes and possesses significant potential harnessing solar wind energy. Moreover, the country benefits from a well-educated workforce, providing skilled labor pool industries. With a sizable domestic market, Egypt presents opportunities for businesses to establish themselves and meet local demands while also serving as central manufacturing hub both African Middle Eastern markets.

Image

Market Size $570 bn

The Egyptian construction market size is estimated as $570bn.
(Source: ABiQ)

 

CAGR 8.39 %

The Egyptian construction market size is expected to grow at a CAGR of 8.39% during the forecast period (2024-2029). 

(Source: Motor intelligence)

Investment opportunities & mega Projects 2023 -2024

  • New administrative capital: $55bn
  • Ras Al-Hikma project: $35bn
  • Central Business District: $18bn
  • Horus City: $10bn
  • Cairo Monorail: $7bn
  • Grand Egyptian Museum: $1bn

 

Image

2023 in numbers

Egypt's exports of building materials,
refractories, and metal industries saw a
significant rise from January to September 2023. The total export value reached $6.2bn, up by 20% compared to the same period in 2022.

Source Export Council for Building Materials, Refractory & Metallurgy Industries (ECBM).

 

 

Egypt trade relations with Africa

Egypt has emerged as the top cement producer in Africa, with an impressive yearly production capacity of approximately 92 million tons. 

(Source: State Information Services)

Egyptian exports to African countries totaled approximately $6 billion, marking a notable increase of around 13%.

Marble, Cement, and Polyethylene were among the leading exports from Egypt to Africa during this period.

(Source: Federation of Egyptian Industries - FEI)

Egyptian exports to African countries totaled approximately $6 billion, marking a notable increase of around 13%. Marble, cement, and polyethylene were among the leading exports from Egypt to Africa during this period.

(Source: Federation of Egyptian Industries - FEI)

 

Image

Egypt accounts for the largest share of the volume of intra-trade within COMESA

The Common Market for Eastern and Southern Africa (COMESA) consists
of 21 African Member States, encompassing a population of over 600 million people. This makes it the largest market for trade and investment.
Moreover, Egypt's participation in this regional economic blocs has further
facilitated trade and investment flows, contributing to the overall growth and development of both Egypt and its African trading partners.

Egypt holds a crucial position within COMESA, as it contributes the most
significant portion to the volume of intra-trade within the organization.

Egypt accounts for the largest share of the volume of intra-trade within
COMESA, as the volume of trade exchange between Egypt and the countries of the group reached its highest levels in 2022, reaching $4.3bn.

Image

Egypt's Strategic Role in Global Trade Networks

  • BRICS: Collaboration with Brazil, Russia, India, China, and South Africa, fostering economic development among major emerging economies.
  • Agadir Agreement: A Free Trade Agreement among Egypt, Morocco, Tunisia and Jordan, aimed at promoting economic integration in the Arab Mediterranean.
  • African Continental Free Trade Area (AfCFTA): Connecting African countries to unlock the potential of a unified market continent-wide.
  • Common Market for Eastern and Southern Africa (COMESA): Strengthening economic and trade relations among member states in Eastern and Southern Africa.
  • Egypt-MERCOSUR Free Trade Agreement: Enhancing trade ties with South America’s major economies, including Brazil, Argentina, Uruguay and Paraguay.
  • Egyptian-European Mediterranean Partnership Agreement: A framework to bolster economic cooperation with European Mediterranean countries.
  • European Union-Egypt Association Agreement: A comprehensive Free Trade Agreement promoting increased trade and investment with the EU.
  • EFTA States Free Trade Agreement: Facilitating smoother trade relations with European Free Trade Association members.
  • General Agreement on Tariffs and Trade (GATT): Egypt's commitment to reducing global trade barriers under World Trade Organization norms.
  • General Agreement on Trade in Services (GATS): Promoting international trade in services with equitable growth opportunities.
  • Greater Arab Free Trade Area Agreement: Aiming for economic integration through the elimination of most trade tariffs among Arab countries.
  • Pan Arab Free Trade Area (PAFTA): Encouraging free trade and economic solidarity across Arab nations.
  • Turkey-Egypt Free Trade Agreement: Supporting bilateral trade expansion with Turkey, enhancing economic ties and market access.

BRICS

Egypt is one of 6 countries recently joined BRICS which is expected to streamline trade relations between Egypt and the BRICS nations.

Data from 2022 and 2023 reveals that Egypt's Trade volume with BRICS members, encompassing both funding and new members, stands at $46.673 billion. This figure constitutes over one-third of Egypt's total external trade, underscoring the significance of its economic ties with the BRICS coalition. (Source: CAMPAS)

Image