‘Builders of Egypt’ adopts building exports as theme

CAIRO - 11 June 2019: The fifth “Builders of Egypt” Forum themed “Building Exports as a New Future for Investment” will kick off on June 16 where senior executives representing the construction, real estate development, banking, and energy industries will take part.

The forum will confer possible mechanisms to achieve integration among African states in the construction sector and to foster public-private partnership in Africa and the Middle East. The forum will also discuss potential marketing strategies that would promote Egypt’s leading construction experience. That is in addition to the role that can be played by Egypt in rebuilding Libya and Iraq.

The forum is organized by the Egyptian Federation for Construction and Building Contractors having 30,000 member companies, and the Egyptian Export Council for Real Estate. For the first time, 14 chairpersons of African and Arab construction federations will participate in the forum.

The forum will display available opportunities for Egyptian construction companies in Africa and the Arab World as well as the success stories of some Egyptian contractors in those markets. The forum will also discuss the possible support by banks to get such opportunities. Equally, the forum will address the challenges faced by Egyptian contractors and that impede them from acquiring a remarkable share of rebuilding opportunities in Libya, Syria, Iraq, and Yemen.

There are 100 industries that depend on the construction sector where 15 percent of Egyptian labor works, and which contributes to GDP growth by 12 percent. The government will display its plan to accomplish national projects in partnership with the private sector within the 2030 vision.