The world’s roads are a complex and often dangerous environment. Every year, millions of accidents occur, resulting in countless injuries and fatalities. While human error is a leading cause of these accidents, advancements in artificial intelligence (AI) are offering a promising solution to enhance road safety and save lives. AI’s Role in Road Safety AI […]
In a landscape of dwindling investment options, exacerbated by the continuous devaluation of the Egyptian Pound, many Egyptians turn to real estate as a safeguard for their life savings. In this context, real estate holds more value than paper money, which has historically lost value over time. However, this seemingly safe investment choice is not
Libya’s reconstruction plan is estimated to reach $100 billion, covering vital infrastructure projects including building roads, bridges, electricity and energy facilities, among many others. Due to their proximity and considerable expertise, major Egyptian companies, including Orascom Construction PLC and Hassan Allam Properties, are eyeing a piece of the pie. More on that below
In recent years, Egypt has been embarking on an ambitious nationwide development project focusing on improving the country’s road networks for motorized traffic and private vehicle users. From inner city streets to regional highways, the National Roads Project (NRP) has been swiftly widening and repaving existing roads, as well as building new networks to improve
For decades, private developers have been building all sorts of real estate projects along Egypt’s Mediterranean coastline, from shopping malls to entertainment centers, and resorts to gated housing communities. Starting in the 1970s, much of this development has been focused on lands lying to the west of Alexandria, with growth and expansion moving in a
With fuel prices witnessing another hike this summer, more ride-sharing and carpooling apps are entering the Egyptian market. But somebody has to bear the difference in fuel price – either the companies themselves, the drivers or the customers. Some players in the sector have already been around for years – they have been hit more
During a roundtable meeting at the World Economic Forum meeting in Davos late January, Minister of Investment and International Cooperation Sahar Nasr said that Egypt has leaped greatly in infrastructure projects and legislative reforms. However, a recent World Bank report claims the opposite, stating that the country is expected to suffer a financing gap in
It is what officials talk about and what billboards promise. The New Administrative Capital is now depicted as the most viable exit out of the congestion of Egypt’s capital with a smart traffic system, greenery, parks and high-tech services. In 2015, then-housing minister Mostafa Madbouly announced the establishment of the New Administrative Capital halfway between
