Egypt’s crashes cost the country

Egypt’s high rate of road crashes is having a damaging effect on the country’s economy. According to the Central Agency for Public Mobilisation and Statistics (CAPMAS), road crashes are having a drain on Egypt’s GDP of around US$3.44 billion/year. This is resulting in a major financial impact on Egypt’s economy that the country can ill afford. Worryingly, the impact of road crashes on Egypt’s economy is expected to climb to around $3.5 billion/year by 2020. On a positive note however, the number of car cras
August 24, 2016 Read time: 1 min
Egypt’s high rate of road crashes is having a damaging effect on the country’s economy. According to the Central Agency for Public Mobilisation and Statistics (CAPMAS), road crashes are having a drain on Egypt’s GDP of around US$3.44 billion/year. This is resulting in a major financial impact on Egypt’s economy that the country can ill afford. Worryingly, the impact of road crashes on Egypt’s economy is expected to climb to around $3.5 billion/year by 2020. On a positive note however, the number of car crashes in Egypt has now dropped by 1.4% compared with the previous year.

Related Content

  • Egypt’s road and bridge development plans
    April 14, 2020
    Egypt is continuing with its road and bridge development programme.
    Read More
  • The boards of SNC and Atkins agree the US$2.7 billion acquisition
    April 28, 2017
    The acquisition of Atkins by SNC-Lavalin has been unanimously approved by the boards of both global infrastructure providers for around US$2.7 billion. During the first full financial year of the merger group around $90 million of cost synergies is expected to be saved. The deal is still subject to regulatory and Atkins shareholder approval, likely to be given in the third quarter of this year. Atkins, based in London, brings around 18,300 employees to the group and expands SNC-Lavalin's geographic reach be
    Read More
  • Turkey is investing in new motorway and bridge projects
    May 29, 2013
    Turkey is benefiting from new motorway and bridge projects constructed along the BOT model - Gülay Malkoç. Looking at Turkey’s economic development, road construction plays a crucial role. The investment in Turkey is becoming increasingly attractive for both local and foreign investors. There are significant huge road investments and projects being made in Turkey at present, compared with EU countries where the roads need mostly repair and maintenance. According to the approach of Turkey’s Ministry of Trans
    Read More
  • Nepal plans road infrastructure expansion
    March 12, 2014
    Major road expansion is planned for Nepal, but will face huge challenges due to the country’s geography - Mike Woof reports, with local information from World Highways' Nepal correspondent, Ram Krishna Wagle The tiny, landlocked nation of Nepal lies sandwiched between two of the world’s largest countries, China and India and maintains good relations with both. Politically Nepal has strong links with China, while culturally its ties are close with India and these relationships work both ways. Despite bein
    Read More

Highlighted Content