São Paulo – Egypt topped African countries in the number and value of construction projects in 2018, according to Deloitte’s Africa Construction Trends 2018 report. The news is from the Egyptian newspaper Al-Ahram. Within the African continent, Egypt is on top with 46 projects, followed by Algeria with 32 projects, and then Morocco with 15 projects.
The report said the North African countries Algeria, Egypt, Libya, Morocco, South Sudan, Sudan, Tunisia, and Western Sahara executed 109 projects last year at a total value of USD 148.3 billion. The region accounts for 22.6% of projects on the continent and 31.5% in terms of US dollar value. The number of projects in North Africa increased by 172.5%, while the value of projects increased by 92.3%.
Egypt’s projects account for 9.5% of projects on the continent – at a value of USD 79.2 billion, which represents 17% of the total, edging out South Africa and Nigeria respectively. Egypt is building a new administrative capital. The North Africa region witnessed the largest change in the number of projects, with 69 new projects last year. In 2017, it counted 40 projects.
In Africa, the greatest number of projects fell into the transport sector, representing 38.6%, followed by real estate with 22.8%, energy and power with 13.7%, and shipping and ports with 7.5.
African governments continued to be the main owners, the report state, with 364 projects, 75.5%, while the private sector owned 9.3% of the projects. Firms headquartered in China represented 3.3%, with 16 projects, Australia 2.5%, and the Middle East 2.5%, each owning 12 projects.
Translated by Guilherme Miranda
