Major General Hesham El Swefy, Chief of staff of the Engineering Authority of the Armed Forces, and Khaled Abbas, Deputy Minister of Housing, Utilities & Urban Communities, officially inaugurate The Big 5 Construct Egypt exhibition, Invest-Gate reports.
The exhibition’s fourth edition runs from June 25th to 27th at the Egypt International Exhibition Center (EIEC) in Cairo, under the patronage of Prime Minister Mostafa Madbouly.
2022’s edition sees the first participation of the Engineering Authority of the Egyptian Armed Forces, hosting five of its subsidiaries: Ramec Misr, Ghosoon, Konooz Misr, Egydrill Misr, and Makers (Misr Applied Knowledge Enterprise for Research & Science).
Moreover, companies from more than 20 countries will partake in the exhibition, in addition to three countries participating with pavilions for the first time, namely, Poland, Qatar, and Spain. This year’s edition will see a 30% growth in international participation compared to 2021.
Abbas expresses his pleasure to attend The Big 5 exhibition, saying, “The participation of 20 countries and 250 companies in the exhibition reflects the expansion and development of the Egyptian market over the past six years, and reveals upcoming opportunities in the urban development achieved in Egypt, as well as the volume of investments amounting to EGP 600 bn annually from the government and the private sector.”
Abbas adds, “We are now working on implementing the state’s strategic plan for urban development 2052, which aims to double the urban area from 7% to 14% by 2030. In 2022 we reached nearly 14% at all levels. The number of new cities doubled in the last period. Over the last six years, 16 new cities were established by a President decree.”
Additionally, Mohammed Almarshad, chairman of the National Real Estate Committee of the Federation of Saudi Chambers, says, “We meet here today after the Prince Mohammed bin Salman’s visit to his second country, Egypt, and after his meeting with President Abdel Fattah El Sisi and the historical investment figure of SR 54 bn reflecting the size of economic cooperation between the two countries”.
It is noteworthy that The Big 5 Construct Egypt provides the ideal business platform for Egyptian and foreign attendees to come together and know about the market trends, innovation, and source of solutions, in addition to completing commercial deals driving the future growth of the construction sector.
