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Egypt launches $50 billion megaprojects to redefine its infrastructure by 2024, from railways to nuclear power plant

Written by Bruno Teles
Published 09/01/2024 às 15:32
Egypt launches $50 billion megaprojects to redefine its infrastructure by 2024, from railways to nuclear power plant
Photo: Disclosure/Megaprojects in Egypt

In a bold move to reaffirm its position as a leader in civil engineering and innovation, Egypt embarks on megaprojects valued at US$2024 billion in 50.

Egypt, a nation known for its engineering and civilizational prowess dating back more than 5.000 years, is poised to redefine the global construction scenario in 2024 with mega projects estimated at US$50 billion. These projects include a fourth-generation smart city and an 11 billion dollar nuclear power plant, surpassing Russia's massive Leningrad nuclear power plant.

One of the most ambitious projects is the New City of Alamein, strategically located on the northern coast of Egypt. Designed to accommodate 3 million residents across a 50.000-acre area, New Alamein is a futuristic vision of a smart city, designed to alleviate overcrowding in cities like Cairo and Alexandria. With planned investments of 185 billion Egyptian pounds (around 6 billion US dollars), the city has already generated more than 40.000 jobs and promises to be a milestone in smart infrastructure.

Smart city has railway to reduce congestion

One of the key elements of New Alamein is connectivity. A high-speed train will link the city with Cairo and other major Egyptian cities, while an intelligent traffic management system aims to improve road safety e reduce congestion. The city is also notable for its Mediterranean beaches and tourist accommodation, with plans for 30.000 hotel rooms.

Another significant project is the Egypt High Speed ​​Railway, a collaborative effort between Orascom Construction, Arab Contractors and Siemens Mobility of Germany. With an estimated cost of 23 billion dollars, this railway will cover between 1.700 and 2.000 km, revolutionizing the country's transport system.

The Tahrir Petrochemical Complex is another megaproject that stands out

Situated on an area of ​​3,56 million square meters, the 11 billion dollar complex aims to reduce Egypt's dependence on imported petrochemicals. This project includes the largest naphtha plant in the world, with a capacity of 4 million tons per year.

Finally, Egypt is building the El Dabaa Nuclear Power Plant. Inspired by the Leningrad Nuclear Power Plant in Russia, El Dabaa is designed to generate 4.800 megawatts of nuclear energy and will be Egypt's first nuclear power plant equipped with generation 3+ reactors. With an estimated cost of 29 billion dollars, this project promises to supply energy to approximately 4 million Egyptian homes.

These projects not only demonstrate Egypt's commitment to advancing its infrastructure, but also position the country as a leader in innovation and development on the world stage.

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Bruno Teles

I talk about technology, innovation, oil and gas. I update daily about opportunities in the Brazilian market. With more than 3.000 articles published in CPG. Agenda suggestion? Send it to brunotelesredator@gmail.com

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