Egypt to ramp up PPP pipeline
The country will unveil development plans for its rail, road, maritime and air transport sectors to be delivered through its PPP model, according to a source close to the market.
"Egypt is increasingly welcoming PPPs to increase the pace of transport infrastructure developments and attract foreign expertise and investment," the source said. "There’s a big pipeline of projects ranging from housing, education and healthcare as well as its transport infrastructure."
Projects include new developments on the Cairo Ring Road, further enhancements to Egypt’s interlinking highway system and plans for Cairo’s new Metro Line 4.
Later this month, officials from Egypt’s transport, civil aviation and finance ministries will meet during a three-day forum to discuss its transport infrastructure.
Despite the political upheaval, the source said Egypt’s PPP market remains far more advanced than its neighbouring Middle East countries because of its regulatory environment.
"Egypt has an established PPP unit and PPP law in place, so it’s just a matter of ensuring the current government believes in the PPP model," he said. "We think Egypt will be a leader in the sector and will be worth watching."