Over 1,400 Construction Projects Valued at USD 348.2 and Egypt’s Economic Reform Program Make The Big 5 Construct Egypt More Important Than Ever

According to the latest BNC report by The Big 5 Construct Egypt, the country is going through a phase of economic prosperity across the board and especially in the construction sector. In 2017, Egypt’s construction market output recorded a 10% growth, as opposed to an average annual growth rate of 5.3% over the previous 4 years.

The “Urban Construction in Egypt” report compliments the arrival of The Big 5 Construct Egypt event in the country, which will be held at the Egypt International Exhibition Centre (EIEC) on the 18th – 21st of September 2018. The Big 5 is a series of construction trade fairs originating in Dubai aimed at connecting international suppliers of construction products and services with buyers from the MENA region.

The Big 5 in Dubai 2017
The Big 5 in Dubai 2017

The report goes on to detail the total estimated number of active projects at over 1,400 with a combined estimated value of USD 348.2 billion. Some of the most notable are Mountain View iCity in New Cairo (USD 3.8 billion) and Citadel Refinery in Cairo (USD 3.7 billion). Over 68% of projects, with a combined value of USD 142 billion are in their advanced stages of development, while an estimated USD 178.4 worth of projects are in their early stages highlighting the projected growth of construction in Egypt.

Commenting on the significance of the BNC report, Josine Heijmans, Portfolio Director of The Big 5 Construct Egypt said,

“The steps taken by the Egyptian government since 2016, especially the launch of the reform program, have been very encouraging and set the stage for a new era. Egypt’s GDP growth is steady, inflation is declining, tourism and remittances are on the rise and foreign reserves are increasing. All of that and more are driving the economy in general, and the construction market specifically towards new frontiers. Coming to Egypt now, The Big 5 Construct Egypt will bring with it a wealth of knowledge to industry professionals, business development opportunities and will help drive FDI into the sector through the participation of some of the world’s most renowned names in construction.”
Josine Heijmans - Portfolio Director The Big 5 Construct Egypt 2018
Josine Heijmans - Portfolio Director The Big 5 Construct Egypt 2018

The urban construction sector, which comprises buildings, mega urban developments, religious buildings, hospitality buildings, healthcare facilities, retail facilities and leisure facilities, is helping to drive economic growth in the overall construction sector in Egypt and the economy as a whole. Most project investments in the urban construction sector are residential/commercial buildings and mega urban developments valued at USD 90.5 billion, making up 79% of all project values in the urban construction sector. The hospitality industry plays a major role as well, comprising 86 active projects with an estimated value of USD 8 billion, making up 13% of all project values in the urban construction sector.

The Big 5 Construct Egypt could not come at a better time for the country, with an overall positive market wide outlook. As the BNC report concludes, “Growing confidence indicates a positive year ahead for the construction sector in Egypt, which is expected to continue in the coming years.”

The Big 5 Construct Egypt is a free for all event, offering 360-degree solutions for the Egyptian built environment, connecting industry experts, buyers and manufacturers of construction products from all over the world. More than just an exhibition, the event will also feature free-to-attend CPD (continuing professional development) certified workshops.  The Big 5 Construct Egypt will host 15 country pavilions, including Germany, Italy and Spain. Greece has also secured a prominent space, becoming the official country partner for the launch edition of the event.

The Big 5 Construct Egypt is supported by the Egyptian Federation for Construction and Building Contractors (EFCBC), the African Federation for Construction Contractors Associations (AFCCA), the Egyptian Chamber of Building Material, and the Arab water council. Some of the largest industry players have partnered up with the event, including, the international Underwriters Laboratories (UL), the Saudi-based Al Bawani Company, the Egyptian companies Sphinx Glass, Ezzsteel, Kandil Steel and Al Sherif Group.

To learn more about The Big 5 Construct Egypt’s educational agenda, visit https://www.thebig5constructegypt.com/PR-Agenda

For more information about the show, visit www.thebig5constructegypt.com

For the full BNC Report, click here

Industry News
Jessica Scopacasa Public Relations Manager, dmg events Middle East, Asia & Africa
About The Big 5 Construct Egypt

2-4 September 2019, Egypt International Exhibition Center

EVERYTHING INFRASTRUCTURE & CONSTRUCTION. BUILDING THE NEW EGYPT.

Organised by dmg events, The Big 5 Construct Egypt is the most influential and renowned construction industry event in Egypt. 

The Big 5 Construct Egypt 2019 will offer 360-degree solutions for the Egyptian built environment, connecting industry experts, buyers and manufacturers of construction products from all over the world. With more than 300 exhibitors from over 30 countries, the event will feature eight dedicated product sectors and a wide educational and CPD-certified workshops. 

On its first edition in 2018, more than 200 companies from 24 countries brought hundreds of innovative products to Egypt’s booming USD 335 billion construction market. Over 11,300 construction industry professionals attended the launch of the event, which also offered 44 CPD certified free-to-attend workshops.

#Big5Egypt

About dmg events 

dmg events is a leading organiser of face-to-face events and a publisher of trade magazines.

We aim to keep businesses informed and connect them with relevant communities to create vibrant marketplaces and to accelerate their business across multiple platforms.

dmg events organises more than 80 events across 25 countries, attracting over 425,000 attendees and delegates every year.  The company’s portfolio of products includes many industry leading events such as The Big 5 construction shows, ADIPEC and Gastech energy events.

Founded in 1989, the company is headquartered in Dubai, UAE, and is a wholly-owned subsidiary of the Daily Mail and General Trust plc (DMGT, www.dmgt.com), one of the largest media companies in the United Kingdom.