Egypt embarking on a multibillion dollar investment plan to develop multimodal transportation in the country
Egypt’s mobility needs have far out weighed its development and as such there is a considerable demand for the upgrading and modernisation of its infrastructure in order to facilitate economic growth in the country. In the last 24 months, there has been significant investment into the transport sector in the country. August witnessed the inauguration of the Suez Canal expansion project which was completed in record time. In addition, a number of airport development projects, metro extensions, and numerous port expansion projects, improvement in road and rail networks are due to take place in the coming years.
The government in Egypt has also sought to capitalise on the country’s strategic geographic location as a gateway between Africa, Europe and Asia and has made a concerted effort to improve its transport infrastructure to facilitate the transport of freight which has traditionally been moved by Egypt's ailing road network. The freight business represents a significant opportunity for economic growth.
However there still remain significant challenges such as maintenance, safety, revenue management and finance that need to be overcome before Egypt can boast a truly multimodal modern transport system.
In light of these factors IQPC is organising the 2nd Annual Egypt Transport Infrastructure Summit to be held in Cairo from 26-28 January.