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

  • Building Egypt's world class Desert Highway
    May 3, 2012
    A huge highway upgrade project will transform the Cairo-Alexandria road link into a world-class connection as Mike Woof reports. The work to upgrade the Desert Highway connecting Egypt's sprawling capital Cairo with its major port Alexandria, is one of the country's largest infrastructure projects for many years. This 220km highway link is being widened and improved to cope with the hugely increased traffic volumes resulting partly from Egypt's fast growing vehicle population. The Egyptian economy is strong
    Read More
  • Building Egypt's world class Desert Highway
    April 13, 2012
    A huge highway upgrade project will transform the Cairo-Alexandria road link into a world-class connection as Mike Woof reports. The work to upgrade the Desert Highway connecting Egypt's sprawling capital Cairo with its major port Alexandria, is one of the country's largest infrastructure projects for many years. This 220km highway link is being widened and improved to cope with the hugely increased traffic volumes resulting partly from Egypt's fast growing vehicle population. The Egyptian economy is strong
    Read More
  • South Korea’s road safety improving
    February 23, 2016
    South Korea’s road safety is improving, according to its National Police Agency. The figures show that the number of deaths caused by traffic crashes in the country dropped from 4,762 in 2014 to 4,621 in 2015. Of note is that 38.8% of the road deaths involved pedestrians. Cause for concern is that the number of female victims involved in fatal crashes increased by 3.1% to 540. On a more positive note, the ratio of deaths in every 10,000 cars dropped from 2.6 in 2010 to 1.9 in 2015. A total of 583 people wer
    Read More
  • Deutz releases Q1 financial results
    May 5, 2015
    Engine firm Deutz has announced its financial results for the first quarter of 2015. The firm says that business performance is in line with expectations. The company has seen a decline in unit sales and revenue due to the effects of advance production of engines in the previous financial year. However welcome news is that it has experienced a five-fold increase in operating profit. The new orders received by the Deutz Group during the reporting period totalled €321.0 million, down by 22.5% from the previ
    Read More

Highlighted Content