Construction contracts worth $23.55 million is expected to be awarded in Egypt in 2023, according to Ventures Onsite, a construction projects intelligence platform.
The projects awarded till date amount to $16.5 billion with buildings and infrastructure sector expected to see a good jump in 2024, according to the platform.
Speaking at the Egypt Construction sector webinar held Wednesday, Phillip Higgins, Director of Sales Lead Management, Ventures Onsite listed out the major projects announced, top clients who announced and awarded major projects, and top contractors who won projects in 2023.
EGYPT CONTRACT AWARDS – 2023
SECTOR
2023 CONTRACTS AWARDED TILL DATE ($MLN)
2023 FORECAST ($MLN)
Oil and gas
2,405
3,100
Industrial
2,511
3,500
Buildings
8,404
12,389
Power and Water
268
650
Infrastructure
2,912
3908
TOTAL
16,500
23,547
Source: Ventures Onsite
Top companies who announced major projects in 2023
Palm Hills Developmens (PHD)
General Authority for the Suez Canal Economic Zone, Egypt
Misr Italia Group
Egyptian Natural Gas Holding Company (EGAS)
Magnom Properties
Egypt TEDA SCZone Development Company
Xinxing Ductile Iron Pipes Co.
Ministry of Housing, Utilities and Urban Development, Egypt
New Urban Communities Authority (NUCA)
MBG Development
Top companies who awarded major projects in 2023
Ministry of Transport, Egypt/National Authority for Tunnels (NAT)
Emaar Misr Developments/Eagle Hills
El Sewedy Industrial Development
Egyptian Natural Gas Holding Company (EGAS)
Egyptian National Railways
Madaar Development
Orascom Development Holding (ODH)
Ministry of Housing, Utilities and Urban Development, Egypt
Egyptian Petrochemicals Holding Company (ECHEM)
BSW Group
Top contractors who won major projects in 2023
Hassan Allam Construction
Sokhna General Contracting and Construction
COLAS Rail
Orascom Construction
Elevate Construction Company
MIG-Masrya International Group for Engineering and Contracting
Lzan Urban Development (LUD)
Concrete Plus for Engineering and Construction
Petrojet
Schlumberger
MAJOR PROJECTS ANNOUNCED IN 2023
PROJECT CLIENT VALUE ($MLN STATUS
TEDA Chinese Industrial Zone, Ain Sokhna – Cast iron pipes and steel factory
General Authority for the Suez Canal Economic Zone, Egypt -TEDA SCZone Development Company, Xinxing Ductile Iron Pipes Co. 2,000 Planned
Solare Resort – Ras El Hekma Misr Italia Group 1,035 Design
Actis green hydrogen and green ammonia facility – Ain El Sokhna
General Authority for the Suez Canal Economic Zone, Egypt,
The Sovereign Fund of Egypt (TSFE),
Egyptian Electricity Transmission Company (EETC),
New and Renewable Energy Authority (NREA)
1,000
Planned
Forbes International Tower – New Administrative Capital Magnom Properties 670 Design
V40 – New Cairo
City Edge Development
325 Design
Salt – North Coast Tatweer Misr 300 Design
Integrated Urban Project – New Administrative Capital MBG Developments 300 Design
Industrial Area – New Adminisrative Capital
Administrative Capital for Urban Development (ACUD) 250 Planned
Koun Ras El-Hekma Mabany Edris 195 Design
Electric vehicles factory M Glory Holding, Arab Organisation for Industrialisation (AOI), Jordan Design and Development Bureau (JODDB) 190 Planned
Source: Ventures Onsite
(Writing by Sowmya Sundar; Editing by Anoop Menon)
(anoop.menon@lseg.com)
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