Top 10 Projects in Egypt

May 03, 2018

undefinedA new investment law recently passed in Egypt is expected to stimulate investment in the economy, providing a shot in the arm for its construction industry.

There are currently more than $335bn worth of active projects across all sectors including hospitality, real estate, transportation and energy infrastructure.

The hospitality sector is showing signs of a resurgence this year after a slowdown in 2017 and 2016, according to a recent market report by BNC Intelligence. 

Here are the top 10 major ongoing construction projects in Egypt, with a total investment value of approximately $71.7bn.

 

 

1. El Dabaa Nuclear Power Plant

Project Type: Nuclear Power Plant

Est. Project Value: $27bn

Project Stage: Tender

Est. Completion Date: Q3 2028

City: Alexandria

Developer: State Atomic Energy Corporation

The 4,800 MW nuclear power plant will be the first one in Egypt. It will contain four VVER-1200 reactors making the African nation the only country in the region to have a Generation III reactor.

 

2. Luxor to Cairo - High-Speed Railway System

Project Type: Railway

Est. Project Value: $7.4bn

Project Stage: Concept

Est. Completion Date: Q2 2020

City: Luxor

Developer: Ministry of Transportation

The 700 km high-speed railway is expected to carry about 3.4 million passengers per year between Luxor and Cairo.

 

3. Coal-Fired Power Plant – Hamrawein

Project Type: Power Plant

Est. Project Value: $5.5bn

Project Stage: Tender

Est. Completion Date: Q1 2023

City: Hurghada

Developer: Ministry of Electricity & Energy

This 6,000 MW coal-fueled power plant in Hamrawein is expected to take 5-6 years to complete over three phases.

 

4. October Oasis

Project Type: Mega-Urban Development

Est. Project Value: $5bn

Project Stage: Concept

Est. Completion Date: Q4 2019

City: 6th of October City

Developer: Aabar Properties LLC

This mixed-use development will be built over an area of 24.3 sq km in the southern part of the 6th of October City. It will include residential, commercial and hospitality elements built in an area surrounded by the Ring Road and the Fayoum Road.

 

5. Coal-Fired Power Plant - Suez

Project Type: Power Plant

Est. Project Value: $5bn

Project Stage: Tender

Est. Completion Date: Q4 2020

City: Suez

Developer: Al Nowais Investments LLC

Located on the Sinai Peninsula in the Suez region, this is the first coal-fired plant in Egypt. The total planned capacity is 3,960 MW and will be built over three phases.

 

6. Luxor to Hurghada - High-Speed Railway System

Project Type: Railway

Est. Project Value: $4.2bn

Project Stage: Tender

Est. Completion Date: Q4 2021

City: Hurghada

Developer: Ministry of Transportation

The 300 km high-speed railway from Luxor to Hurghada is expected to carry around 1.5 million passengers per year.

 

7. Greater Cairo Metro - Line 6

Project Type: Metro & Subway

Est. Project Value: $4bn

Project Stage: Under Construction

Est. Completion Date: Q4 2021

City: Cairo

Developer: Egyptian Co. for Metro Management & Operation

The 20 km metro line will include 24 stations of which 12 will be built underground.

 

8. Mountain View iCity New Cairo

Project Type: Low Rise Building Complex

Est. Project Value: $3.8bn

Project Stage: Under Construction

Est. Completion Date: Q2 2021

City: Cairo

Developer: Mountain View

This residential development spread over 2 sq km will feature I-Villas with areas ranging from 100 to 500 sqm.

 

9. Amusement Park Complex - El Alamein

Project Type: Theme Park & Water Park

Est. Project Value: $3.3bn

Project Stage: Concept

Est. Completion Date: Q4 2021

City: Matrouh

Developer: Entertainment World

The project involves the construction of an . 

Located in the north western governate of Matrouh, the entertainment city will span 20.6 sq km and will feature an open zoo, a water park, a sports city and hotels. Phase 1 is expected to be completed in two years.

 

10. Mountain View iCity 6 October

Project Type: Mid Rise Building Complex

Est. Project Value: $2bn

Project Stage: Design

Est. Completion Date: Q3 2021

City: 6th of October City

Developer: Mountain View

This residential development will spread over a total area of 2.1 sq km. A unique feature of the project will be its no-car-zone.

Return to Features