Egypt's Construction Sector Biggest in Africa in 2018
And Dabaa' Nuclear Power Plant is the continent's biggest project.
With massive new cities currently under construction up and down the country, Egypt's construction sector has been valued at $79.2 billion in 2018, surpassing all other African countries and comprising 17% of the continent's construction projects, as seen on a new report by Deloitte's Africa Construction Trends.
The continent's total number of projects increased from 303 to 482 during 2018, with Egypt's 46 construction projects comprising 9.6% of that figure. According to the elaborate report, the construction sector is now valued at about 12% of Egypt's total GDP.
Valued at $30 billion, Egypt's El-Dabaa Nuclear Power Plant is currently the continent's biggest project, followed by Algeria's East-West Highway project, with Egypt's Tahrir Petrochemical Complex coming in third with total investments of $10.6 billion. The Alexandria-Cairo-Aswan High-Speed Rail Project is fifth biggest, with investments totalling $10 billion.
While governments fund 24.5% of the continent's ongoing projects, China is evidently witnessing an increased influence on the continent, now being the second biggest source of funds for construction projects in Africa, at 18.9%. It's also building 33.2% of the continent's total projects and owns 3.3% of them.
The EU funds 5% of total projects, and, surprisingly, the United Arab Emirates is also featured as the 8th biggest source of funds, at 3.9%.
Photo: Arkansas Nuclear One // Entergy