And Dabaa' Nuclear Power Plant is the continent's biggest project.
With massive new cities currently under construction up and down the country, Egypt's construction sector has been valued at $79.2 billion in 2018, surpassing all other African countries and comprising 17% of the continent's construction projects, as seen on a new report by Deloitte's Africa Construction Trends.
The continent's total number of projects increased from 303 to 482 during 2018, with Egypt's 46 construction projects comprising 9.6% of that figure. According to the elaborate report, the construction sector is now valued at about 12% of Egypt's total GDP.
Valued at $30 billion, Egypt's El-Dabaa Nuclear Power Plant is currently the continent's biggest project, followed by Algeria's East-West Highway project, with Egypt's Tahrir Petrochemical Complex coming in third with total investments of $10.6 billion. The Alexandria-Cairo-Aswan High-Speed Rail Project is fifth biggest, with investments totalling $10 billion.
While governments fund 24.5% of the continent's ongoing projects, China is evidently witnessing an increased influence on the continent, now being the second biggest source of funds for construction projects in Africa, at 18.9%. It's also building 33.2% of the continent's total projects and owns 3.3% of them.
The EU funds 5% of total projects, and, surprisingly, the United Arab Emirates is also featured as the 8th biggest source of funds, at 3.9%.
Photo: Arkansas Nuclear One // Entergy