Egypt’s PPP sector will see the launch of 14 public-private partnership (PPP) projects by 2016 and others will kick off by the end of 2015 at a cost of US$2.5 billion.
Egypt’s finance ministry director Atter Hannoura said 8 projects will be launched this year at an estimated cost of $1.57 billion. The remaining 6 projects will be launched early in 2016.
Projects for 2015 include the Maadi Technology city that will export IT services.
Phase one of the project will cost EGP 700 million and, upon completion, the project will raise its value of exported services by US$900 million and will provide 40,000 jobs annually.
Other projects set to begin this year include the Nile Bus project which is slated for launching in July or August will involve upgrading the entire Nile transport fleet as well as developing 16 current harbours and adding 12 new ones at a cost of EGP 550 million to EGP 650 million, Hannoura added.
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