By ; Mohamed Shawky
A new Covid-19 Response Report (CRR) by Hassan Allam Holding and Oxford Business Group (OBG) shines a spotlight on Egypt’s construction sector, which was a major contributor to the economy before the pandemic and looks set to continue spearheading growth.
The CRR provides an in-depth analysis of Egypt’s response to the coronavirus in an easy-to-navigate and accessible format, focusing on key data and infographics relating to the country’s socio-economic landscape.
It looks in detail at the policies introduced by the Egyptian government when the pandemic hit, which set out to control transmission of the disease while avoiding bringing the economy to a halt.
Egypt’s ambitious plans to overhaul its transport infrastructure, as part of a broader bid to position the country as both a logistics hub for global trade and a gateway to Africa, are also mapped out.
The CRR charts the progress of the country’s huge project pipeline, which ranges from road projects valued at billions of dollars and airport and marine expansion, to a far-reaching railway modernisation programme.
Here, licence-holders will find in-depth case studies of Hassan Allam Holding’s myriad current and upcoming ventures, which include: the first light rail transit system in Egypt; the Sphinx Airport expansion project; some 3000 km of new roads; more than 30 bridges; the country’s largest data centre; extensive military infrastructure; and a raft of industrial hubs. The New Administrative Capital wastewater treatment plant, which Hassan Allam Construction worked on, together with Intech and Bioworks, during the pandemic is one of several projects examined. In its coverage OBG considers the measures that were put in place to prevent any potential spread of the virus while the work was undertaken.
Hassan Allam, CEO of Hassan Allam Holding, said the raft of construction projects in the pipeline and in progress across Egypt would be instrumental in driving new economic growth, while also helping the country to meet the needs of its rapidly expanding population.
“Egypt’s construction sector is one of the most robust in the region, thanks to the expansive development under way, which encompasses mega-projects, such as the New Administrative Capital, and other cities,” he said. “Significantly, as this report shows, the sector is also playing a key role in developing infrastructure and providing technical support to other countries in the region, which will go some way to boosting their economies and assisting their development.”
Andrew Jeffreys, OBG’s CEO, added that IMF-backed structural reforms implemented between 2016 and 2019, combined with healthy fundamentals, meant Egypt was able to respond to the Covid-19 outbreak from a position of economic strength.
“Thanks to its increasingly dynamic and fiscally agile economy, Egypt had already reduced government spending and begun attracting higher levels of investment before the pandemic,” he said. “With prudent policy actions and containment measures also introduced in timely fashion, the country now looks to be on track to buck regional trends by recording positive growth in 2020.”
The CRR forms part of a series of tailored reports which OBG is currently producing with its partners, alongside other highly relevant, go-to research tools, including a range of country-specific Covid-19 Economic Impact Assessment articles and interviews.
Consult the CRR report here: https://oxfordbusinessgroup.com/blog/harry-van-schaick/focus-reports/report-how-pandemic-affecting-egypts-construction-pipeline
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