How would you define Egypt’s construction ambit, and how has its development impacted the oil and gas industry?

Egypt has a well-established and mature construction sector, making it the leading country for construction projects in the MENA region. Over the past four years, the government has heavily invested in infrastructure development to boost the Egyptian economy. This increased construction activity has created jobs across various sectors, including the oil and gas industry. The development of infrastructure, such as the construction of new roads, the new capital city, Alamein, and the works in the Zohr field, has had a significant impact on the oil and gas industry, driving growth and creating opportunities.

Is there a window of opportunity for EPC companies in the oil and gas industry in Egypt?

Absolutely. The hydrocarbons momentum in Egypt presents numerous opportunities for EPC (Engineering, Procurement, and Construction) companies in the oil and gas industry. Major projects like the Tahrir Petrochemical Complex create a ripple effect, stimulating the entire market due to the substantial investments involved. These large-scale projects attract both local and international EPC contractors, bringing in knowledge and experience that benefit the local community. Projects of this magnitude have the power to transform the direction of the market.

Could Egypt transform into a refining hub in the near future?

Yes, Egypt has the necessary resources and strategic investments to become a refining hub in the near future. The government has focused on revamping old refineries and constructing new ones, along with investments in ports, infrastructure, and petrochemical complexes. Projects like the Tahrir complex exemplify Egypt’s progress in this direction. These initiatives are reshaping Egypt’s approach to the future, positioning it as a prominent player in refining.

What attractions does Egypt offer for domestic and international EPC companies in the oil and gas industry?

Egypt’s attractions for domestic and international EPC companies in the oil and gas industry are numerous. Firstly, the country has a large market with over 100 million inhabitants, offering ample opportunities for companies. The government’s efforts to attract foreign direct investment (FDI) and the growing local investment climate create a favorable business environment. After undergoing significant changes since 2011, Egypt is now positioned for investment, with both local and foreign investors showing confidence in the country.

What steps can Egypt take to retain qualified human resources within the country?

Egypt has been known for exporting its manpower to countries in the Gulf region, such as the UAE and Oman. However, instead of exporting human resources, the country should focus on exporting Egyptian companies and services, bringing foreign currency back into the country. With the growing local market, there is a need for qualified human resources, including skilled laborers and various trades. To address this, the government is encouraging investments in technical education to ensure a qualified workforce for the future. Involvement from the private sector is crucial in achieving this goal and incentivizing technical education.

How important are power generation projects for Egypt’s energy demand and EPC companies?

Power generation projects are crucial for Egypt’s growing energy demand. The country has made significant investments in power infrastructure over the past five years, including projects like the Beni Suef power plant, which is one of the largest in the Middle East. As the population rises, there is a need for clean energy power generation projects, such as wind and solar. Egypt’s commitment to green energy is evident in projects like the Benban Solar Park with a capacity of 1.5 GW. EPC companies play a vital role in these power generation projects, contributing to Egypt’s energy portfolio and sustainability goals.

How do projects like Benban Solar Park contribute to Egypt’s renewable energy plans?

Projects like the Benban Solar Park play a significant role in realizing Egypt’s renewable energy plans. The completion of the 1.5 GW Benban project in a relatively short timeframe demonstrates the potential for private investment in renewable energy. Although it took time to establish the necessary financial procedures with the government, the development of laws for models like Independent Power Producers (IPPs) and Public-Private Partnerships (PPPs) has set a foundation for future renewable energy projects. Wind and solar initiatives are crucial steps for Egypt as it aims to diversify its energy mix and reduce reliance on conventional systems.

Could Egypt become a leading electricity exporter in Africa?

Egypt is already an electricity exporter, with current connections to Jordan and ambitious plans to establish a grid between Egypt and Saudi Arabia. There are also possibilities for exporting electricity to countries like Sudan or Libya. Egypt’s strategic geographical location and potential position it well to become a prominent energy exporter in Africa. However, the focus should not only be on exporting energy but also on utilizing it effectively.

How do power plant projects contribute to Rowad Modern Engineering’s portfolio?

Power plant projects have been a significant addition to Rowad Modern Engineering’s portfolio and experience. The company’s involvement in projects like the Attaqa power plant and the larger Beni Suef power plant has been instrumental. These projects were crucial for Egypt, addressing the country’s power shortage at the time. Completing these projects successfully and contributing to the nation’s energy infrastructure has been an honor for Rowad Modern Engineering. Power plant projects now form an essential part of the company’s portfolio.

What are Rowad Modern Engineering’s plans for expanding across Africa?

Rowad Modern Engineering sees Africa as a land of opportunity and aims to expand its business across the continent. Egypt’s advantageous location allows the company to serve the entire African market effectively. With experience working in countries like Algeria, Mozambique, Chad, and Nigeria, Rowad Modern Engineering considers Africa as its target market. The company is actively seeking wind and solar projects in countries such as Djibouti, Ivory Coast, Senegal, Uganda, and Tanzania. Rowad Modern Engineering believes that its approach of integrating into local communities, providing training and services, and contributing to the development of African countries gives it a competitive advantage over foreign companies.