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

  • Alcohol consumption car crash cause
    December 15, 2014
    A new report from insurance firm Allianz highlights the appalling risks to road users resulting from drink driving. "On a global level, every 10th fatal accident can be traced back to alcohol. Men are more likely to expose themselves to this danger, risking their lives with it," according to Christoph Lauterwasser, Head of the Allianz Center for Technology (AZT) in Munich. The fatality rates from road traffic crashes that have resulted from alcohol use have been investigated by the World Health Organisatio
    Read More
  • ARTBA concerned over drop in US highway spending
    March 4, 2013
    Despite the 2012 passage of the US federal surface transportation law, known as MAP-21, the real value of highway and bridge contract awards over the last 12 months was down 3% compared the previous 12 month period. This is according to the latest analysis of McGraw-Hill Dodge data by the American Road & Transportation Builders Association (ARTBA). Taking into account changes in wages, materials and inflation, state and local governments awarded US$54.3 billion in real highway and bridge contract awards bet
    Read More
  • IDB, iRAP extend Latin America-Caribbean work
    February 25, 2025
    The five-year deal was signed during the Ten Steps to 2030 for Safer Road Infrastructure Side Event at the recent 4th Global Ministerial Conference on Road Safety underway in Marrakech, Morrocco.
    Read More
  • Protecting the roadway with guard rails
    November 10, 2015
    Tata Construction Products is a major player in the European road protection market and aims to boost its share of business - Mike Woof writes. Part of the massive Tata Group, Tata Construction Products is a major player in Europe’s business segment for steel guard rails. Rodney Rice, marketing manager, Tata Steel Construction Products, said, “Our market is predominantly Europe.”
    Read More

Highlighted Content