{"id":114659,"date":"2026-04-29T00:00:00","date_gmt":"2026-04-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/menaplus\/?p=114659"},"modified":"2026-04-29T06:02:04","modified_gmt":"2026-04-29T06:02:04","slug":"egyptian-contractors-turn-abroad-amid-high-interest-at-home","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/menaplus\/2026\/04\/29\/egyptian-contractors-turn-abroad-amid-high-interest-at-home\/","title":{"rendered":"Egyptian contractors turn abroad amid high interest at home"},"content":{"rendered":"

\n

More overseas moves from Egyptian contractors<\/p>\n

Egyptian construction giants are landing more regional projects: <\/strong>Orascom Construction and Arab Contractors are part of a consortium developing<\/a> Jordan\u2019s largest-ever infrastructure project, the USD 5.8 bn Aqaba-Amman Water Desalination and Conveyance project, while our friends at Hassan Allam Holding, together with Saudi Arabia\u2019s AlBawani Holding, will build<\/a> the Saudi Arabia Museum of Contemporary Art, after being awarded the USD 490 mn contract. <\/p>\n

Why it matters:<\/strong> Egyptian contractors have tons of experience building fast after a decade-long construction boom in their home market. That boom has quieted down after the Sisi administration curtailed infrastructure and other spending in the wake of the 2022-2024 currency crisis. Other regional players are taking advantage: 25 Egyptian contracting firms recently<\/a>qualified<\/a> to compete for the Saudi National Housing Company\u2019s massive SAR 200 bn pipeline of projects \u2014 they were invited to apply by Riyadh.<\/p>\n

\n

One is canceled, another is happening<\/p>\n

The World Snooker Tour canceled the Saudi Arabia Snooker Masters and the World Pool <\/strong>Championship<\/strong>, it said in a statement<\/a>. The cancellation comes amid speculation<\/a> about a reassessment of Saudi sports spending, including potential changes to funding for major international projects, reports that the PIF is pulling the plug<\/a> on LIV Golf, and Saudi Arabia stepping back from events such as the Next Gen ATP and WTA Finals.<\/p>\n

Meanwhile, the WWE <\/strong>renewed<\/a><\/strong> its commitment to Riyadh:<\/strong> The WWE is bringing a new iteration of its biggest show, WrestleMania, to Riyadh in 2027, marking the first time it will be held outside North America. The news comes after WWE said its \u201cNight of Champions\u201d event will take place<\/a> in Riyadh on 27 June as planned for the second year<\/a> in a row. <\/p>\n","protected":false},"excerpt":{"rendered":"

Plus: WWE renews commitment to Riyadh despite other sports cancellations<\/p>\n","protected":false},"author":1,"featured_media":114660,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2569],"tags":[2568,2796,2613,2538,2551,2615,2563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-114659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-construction","tag-egypt","tag-enterpriseam","tag-infrastructure","tag-jordan","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"1a2872f9-ebdc-4c63-8730-3252577f146c","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/2253.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Overseas 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