10 Most Incredible Mega Projects in Egypt
10 Most Incredible Mega Projects in Egypt - . In this video, we will present 10 most incredible mega construction projects in Egypt, which are set to change the face of the country. Investment in Africa by country is at all time high. Renowned reputation for their appreciable contribution to civilization, Egypt has not rested on its laurels. In the past half a century, Egypt has experienced remarkable progress in the provision of infrastructure in all areas, including transportation, telecommunication, power generation, and water and sanitation. Judging from an international perspective, Egypt has achieved an infrastructure status that closely corresponds to what could be expected given its national income level.
The nation is currently relishing a fast-paced growing economy and doesn’t appear to slow down anytime soon, particularly with its ambitious drive towards infrastructural development. According to Africa Construction report in 2019 by Deloitte, Egypt has most of the mega construction projects in Africa with about 49 multibillion ongoing construction project in the country. The construction sector in Egypt shown strength in the last 10 years. The sector is projected to grow 9% on average between 2021-2025. This growth will be driven mainly by active public-private partnerships and green building expansion to increase energy efficiency and high-end infrastructure. The real state sector has always been considered as a safe haven investment for most Egyptians as it has maintained value and even increased.
The Egyptian government is a massive investor in the construction sector. For example, the Government of Egypt is building a massive New Administrative Capital, upgrading airports, ports, and transportation networks and has plans to build up to 14 new smart cities throughout the country. In this video, we will present 15 most incredible mega construction projects in Egypt.
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