Global demand for construction project management professionals is expected to rise sharply by 2035, reaching between 5.5 million and 6.16 million roles, up from roughly 3.7 million today, according to The Construction Project Management Talent Gap: Needs, Challenges and Opportunities, a 2026 report by the Project Management Institute (PMI). The increase, equivalent to as many as 2.45 million additional roles, reflects the scale of infrastructure, housing, and energy projects planned worldwide. But it also raises a growing concern across the industry: whether there will be enough qualified professionals to deliver them. The challenge is particularly pronounced in the Middle East…
Author: Rana Salem
The European Bank for Reconstruction and Development (EBRD) will provide a $65 million construction bridging loan to Hassan Allam Utilities Energy (HAU Energy) to support a new expansion at Egypt’s Benban Solar Park, according to a statement issued by the bank. The project includes a 200 MW solar photovoltaic plant and a 120 MWh battery energy storage system (BESS), developed jointly by HAU Energy and Infinity Power within the Benban complex near Aswan. The expansion is expected to reduce carbon dioxide emissions by up to 280,000 tonnes annually while supporting the integration of renewable energy into Egypt’s national grid. The…
As Egypt’s November 1, 2026 compliance deadline for its Personal Data Protection Law approaches, regulators and businesses are shifting focus from legislative design to practical implementation, with companies reassessing governance structures, licensing requirements, and data handling practices across sectors. The transition took center stage during a high-level discussion titled “Egypt’s Personal Data Protection Law and the Evolving Compliance Landscape,” organized by the American Chamber of Commerce in Egypt’s (AmCham Egypt) Digital Transformation Committee at The Nile Ritz-Carlton on May 4. The session brought together policymakers, legal experts, multinational corporations, and technology leaders, reflecting the growing importance of data governance in…
Egypt is targeting a 59% private sector share of total investments next fiscal year, equivalent to approximately EGP2.2 trillion (approximately $41.7 billion) out of a planned EGP3.7 trillion (approximately $70.2 billion) in total investments, Minister of Planning and Economic Development Dr. Ahmed Rostom said this during the American Chamber of Commerce in Egypt’s (AmCham Egypt) pre-annual general meeting dinner in Cairo on 5 May. Speaking before business leaders and policymakers, Rostom outlined the government’s economic outlook, reform priorities, and investment strategy, emphasizing that stronger private sector participation remains central to Egypt’s long-term growth plans. “Our investment plan targets total investments…
Egypt is rapidly consolidating its position as a regional industrial powerhouse, as a series of major chemical investments in the Sokhna Industrial Zone signals a decisive shift toward high value-added manufacturing, export-led growth, and industrial localization. At the center of this momentum, Prime Minister Mostafa Madbouly recently witnessed the signing of a $215 million agreement to establish the Polyserve Fertilizers and Chemicals complex within the integrated Sokhna industrial zone under the umbrella of the Suez Canal Economic Zone (SCZONE). The project spans 650,000 square meters, with production capacity reaching 3.5 million tons annually and the creation of approximately 500 direct…
Egypt’s Ministry of Industry introduced a new decision on Monday, April 13, reorganizing the licensing framework for industrial activities outside designated industrial zones, marking a step toward improving the country’s investment climate. The reform allows the establishment of 65 low-impact industrial activities within urban areas in standalone buildings, up from 17 previously. It also permits certain activities outside urban boundaries, subject to regulatory approvals and compliance requirements, according to a statement from the Ministry of Trade and Industry. The decision preserves existing licenses and enables current facilities to expand or add new permitted activities within the same premises, provided they…
Egypt’s external position showed a measured but notable improvement in the first half of FY 2025/2026, with the Central Bank of Egypt reporting a 13.6% decline in the current account deficit to $9.5 billion, compared to $10.9 billion in the same period a year earlier. The improvement reflects stronger foreign currency inflows, particularly from remittances and services, although structural imbalances in trade continue to weigh on the overall balance. Remittances and services The primary driver behind the improved current account position was a surge in transfers and services receipts. Net unrequited transfers rose 28.4% to $22 billion, supported by a…
When Cosmos Bionic stepped onto the stage of Shark Tank Egypt, it was still a company focused on delivering affordable exoskeletons to developing markets. Within days of its episode airing, that focus expanded far beyond borders. This global reach was sparked during their appearance on Season 1 of Shark Tank Egypt in February 2023. Mina Ashraf Sadek, Chief Technical Officer of Cosmos Bionic and his team presented the COSMOS Exoskeleton, a 14kg lightweight, modular device that allows users with lower-body paralysis to walk. The pitch was particularly emotional, as it addressed a critical need for millions of Egyptians suffering from…
Egypt is accelerating its privatization drive, with the energy sector emerging as a central pillar of its strategy to expand private sector participation and unlock state assets. According to the State Ownership Policy Document, the government aims to target $10 billion in annual asset monetization while increasing the private sector’s contribution to 65% of the economy within three years. A revived IPO pipeline—led by state-owned petroleum companies—is now taking shape as a key mechanism to deliver on these goals. In a recent move, the government initiated the temporary listing of 10 state-owned petroleum companies on the Egyptian Exchange (EGX), marking…
Egypt’s push to become a regional renewable energy hub is gaining momentum, with international developers scaling up investments across the Gulf of Suez. At the center of this expansion is a 900 MW onshore wind project near Ras Shokeir, led by ENGIE, which executives say reflects both the strength of Egypt’s natural resources and the growing maturity of its energy market. Additionally, ENGIE’s renewable portfolio in Egypt currently consists of two other operational wind farms: the initial 262.5 MW Ras Ghareb facility and the 650 MW Red Sea Wind Energy (RSWE) project. Once the Ras Shokeir project is completed, the…