During the inauguration of the Big 5 Construct Egypt - Press photo
CAIRO - 26 June 2022: Chief of staff of the Engineering Authority of the Armed Forces, Major General Hesham El Swefy and Engineer Khaled Abbas, Deputy Minister of Housing, Utilities & Urban Communities officially inaugurated Sunday The Big 5 Construct Egypt exhibition, visiting exhibitors and The Authority's pavilion.
The exhibition returning this year in its fourth edition at The Egypt International Exhibition Center (EIEC) is bringing bold ideas and innovative thinking to Egypt.
Held under the patronage of Moustafa Madbouli, Prime Minister of Egypt, the event witnessed the participation of the Egyptian Armed Forces Engineering for the first time this year, hosting five of its subsidiaries: Ramec Misr, Ghosoon, Konooz Misr, Egydrill Misr, Makers (Misr Applied Knowledge Enterprise for Research & Science).
This edition has seen a 30 percent growth in international participation year on year, with exhibiting companies from over 20 countries and three new country pavilions from Poland, Qatar and Spain.
During the ceremony, keynotes highlighted the importance of the exhibition for the Egyptian construction market at the highly anticipated The Big 5 Egypt Leadership Conference. dmg events' President Matt Denton welcomed attendees and said: “We are really proud to see how The Big 5 Construct Egypt creates opportunities and builds collaborations between industry players from all around the world. This international exchange of knowledge, products and services represents the true power of The Big 5 portfolio”.
Khaled Abbas expressed his happiness to attend The Big 5 exhibition this year, he said: “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 happening in the country as well as the volume of investments reaching 600 billion Egyptian Pounds annually both from the government and the private sector”.
He added: “We are now working on the implementation of the strategic plan developed by the State for Urban Development 2052, which aims to double the urban area from 7 percent to 14 percent in 2030. In 2022 we reached nearly 14 percent in full at all levels. The number of new cities doubled in the last period; in 2014 they were 27 and over the last six years 16 new cities were established through the decision of the President of the Republic and there will be more decisions to create new cities in the coming period”.
Abbas also shed light on the opportunities that exist in the Egyptian market for Egyptian companies as well as foreign and Arab companies, not only export opportunities to Egypt but opportunities to establish factories and be present in the local market. He discussed the big challenge Egypt faces with a population that is increasing by around 2.5 million citizens each year and highlighted the challenge that requires a head start in development rates to accommodate this population growth”.
Zanzibar’s Minister of State President's Office Responsible for Economy and Investment, Hon. Mudrick Soragha highlighted the sector's updates and future contribution toward economic growth and diversification in Egypt and said: “I am delighted to be back at The Big 5 Construct Egypt, this year to represent my government of Zanzibar, and I look forward to bringing back to innovative ideas, knowledge and experiences to my country that will be helpful in the process of transforming Zanzibar leading the way to vision 2050”.
Chairman, National Committee for Real Estate Federation of Saudi Chambers, Mohammed Almarshad highlighted the Co-operation prospects between Egypt and KSA and said: “We meet today shortly after the Prince Mohammed bin Salman’s recent visit to his second country, Egypt, and after his meeting with His Excellency President Abdel Fattah El Sisi and the historical investment figure of 54 billion Saudi Riyals reflecting the size of economic cooperation”.
He added: “Our participation today strengthens the relationship between the two countries and takes advantage of these opportunities in the real estate sector. The volume of business and achievement reflects on the strength of the Egyptian economy and highlights the role played by the Saudi and Egyptian governments”.
Exhibitors showcase the latest construction innovations and solutions across all sectors of the industry, from international and local industry-leading suppliers
The Big 5 Construct Egypt provides the ultimate business platform for local and international attendees to come together to explore market trends, innovation, source solutions and conduct business driving the future growth of the construction industry. This year, the exhibition hosts country pavilions from Germany, Greece, Italy, Poland, Portugal, Qatar, Spain, Turkey and UAE. New exhibiting companies include Alessa Industries Co., Albaddad Capital, Al Taiseer Aluminium Company, Muhu Construction Materials Co. and Al Kuhaimi Metal Industries (KMI).
Denton concludes: “Egypt will always be on our international map, and we look forward to increasingly working alongside the government and the talk-of-town players in the country. Addressing growing demands from the local construction and infrastructure markets, we look forward to growing our portfolio of events here next year, with the launch of the Egypt Infrastructure Expo, to be held alongside The Big 5, expanding our products and services offering into water, waste management, urban technology and beyond”.