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The Egyptian services market is a vibrant and rapidly growing sector, with a projected value of USD 7.91 billion in 2023. This figure is expected to reach USD 18.14 billion by 2029, reflecting a significant CAGR of 14.84%.
High-growth sub-sectors include:
Ride-hailing services: Valued at USD 922 million in 2020, this market is projected to grow at a CAGR of 15.8% until 2028.
IT services: Expected to reach a market volume of US$4.36 billion by 2028, this sector boasts a CAGR of 15.19%.
Food services: Estimated at USD 7.91 billion in 2023, this market is poised to reach USD 18.14 billion by 2029 with a CAGR of 14.84%.
Fitness services: This largely under-penetrated market is fueled by rising disposable income and growing health consciousness.
Egypt Services Government Procurement: A Focus on Key Sectors
The Egyptian government plays a significant role in the services market through its procurement activities. It primarily focuses on sectors like:IT services: The government actively procures software development, system integration, and cloud computing services.
Healthcare services: Public hospitals and clinics require supplies, equipment, and maintenance services.
Education services: The government procures educational materials, technology, and training programs.
Infrastructure services: This includes construction, maintenance, and operation of roads, bridges, and utilities.
Main Services Products and Services Procured by Egypt Government
The specific services and products procured by the government vary depending on the sector and specific needs. However, some key categories include:
Professional services: Consulting, engineering, architectural, and legal services.
Managed services: IT infrastructure management, security services, and data center services.
Software and hardware: Procurement of software licenses, hardware equipment, and maintenance services.
Construction and maintenance: Building, renovation, and maintenance of infrastructure and public buildings.
Education and training: Educational materials, software, and professional development programs.
Top Authorities for Egypt Services Procurement
Several authorities oversee government procurement in Egypt, including:
Central Agency for Public Mobilization and Statistics (CAPMAS): Responsible for collecting and disseminating economic data, including procurement statistics.
Central Auditing Organization (CAO): Audits government agencies and ensures compliance with procurement regulations.
Government Procurement Regulatory Authority (GPRA): Regulates and supervises government procurement activities.
Top Winners of Egypt Services Procurement
Some of the top companies winning government procurement contracts in Egypt include:
IT services: IBM, Hewlett Packard Enterprise, and Oracle.
Healthcare services: Siemens, General Electric, and Philips.
Construction and infrastructure: Orascom Construction, Arab Contractors, and Hassan Allam Holding.
Education services: Pearson Education, McGraw-Hill Education, and Oxford University Press.
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