Due to the country’s rapidly expanding population, Egypt has the largest construction market in Africa driving significant investments in housing and infrastructure.
Architectural paints and coatings are the largest segment in the whole paints and coatings industry, as Egypt’s construction industry in Egypt has been among the fastest growing in the world, expanding by an average of more than 9% in the past few years. Increased investment in developing the marine infrastructure, ship repairs and maintenance is boosting demand for marine coatings.
With Egypt’s paint and coatings market is expected to reach US$3.6bn by 2027, growing at a CAGR of 7.9% (2020-2027) (alliedmarketresearch.com), the Middle East Coatings Show Egypt offers the perfect opportunity to meet suppliers and manufacturers from the global coatings industry.
The Talaat Moustafa Group has announced the start of construction work on Noor City, which will cover an area of 21 square kilometres in east Cairo located in front of the New Administrative Capital. The project, the first integrated smart city to be built in Egypt, will be built according to the latest sustainability standards and in accordance with international environmental requirements
Located on the north coast the city will include a number of global projects, from business and international trade centres to residential towers and luxurious resorts. To be built across 50,000 acres, the city will be home to an estimated three million residents. It will consist of three sectors: An international tourism sector; an archaeological sector; and an urban sector.
Egypt is set to officially open the first line of its three-line high-speed train network – the country’s first-ever electric railway in November. The 22-station line will serve “as a new Suez Canal, as it will link the city of Ain Sokhna on the Red Sea and the cities of Alexandria, Alamein and Matrouh on the Mediterranean with a total length of 660 kilometres”, Transport Minister Kamel El-Wazir said.
Construction of the US$400.3M first phase of Line 4 will comprise laying 19km of rail for 16 stations and is set for completion in 2026.