May 16, 2020

The Construction Industry Training Board forecasts Scotland’s industry

scotland
Output
Infrastructure
scotland
Sophie Chapman
2 min
CITB foresees drop in employment is Scotland's construction industry
The UK’s Construction Industry Training Board (CITB) has forecasted Scotland’s construction future between 2018 and 2022.

The board has predicted t...

The UK’s Construction Industry Training Board (CITB) has forecasted Scotland’s construction future between 2018 and 2022.

The board has predicted that nation’s annual growth with average at a 0.1% increase in the review period.

Most of the industry’s sector are expected to benefit from growth, except for infrastructure which anticipated to see falls in work.

Between 2018 and 2022, the board presume there to be a drop in construction employment of 0.7% across Scotland, despite the country’s need for more workers.

According to the forecast, Scotland is expected to be in need of at least 10,000 additional workers for roles in supervision, logistics, and civil engineering due to losing workers because of age and retirement.

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The nation’s sector has suffered seven consecutive quarters – ending September last year – of dropping output, according to the government.

“The forecast for Scottish construction sees a stable five years to 2022. It is encouraging to see strong growth for housing in particular,” stated Ian Hughes, CITB Scotland’s Partnership Director.

“With over 10,000 new workers needed over the next five years, there remain excellent, rewarding career opportunities in construction.”

“Our modern apprenticeship programme in Scotland continues to go from strength to strength, with over 5,000 apprentices currently being trained.”

“We want to support firms in Scotland to take on more apprentices, to upskill their workforce, and to champion construction as a rewarding lifelong career.”

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Jun 16, 2021

France to invest €1.8bn in Egypt’s infrastructure

AFD
Infrastructure
investments
projects
2 min
France is making a €1.8bn investment into Egypt’s infrastructure with upgrades to the Cairo Metro and a railway to Sudan

France will invest a total of €1.8bn into Egypt’s infrastructure focusing specifically on upgrading the Cairo Metro, building a railway to Sudan, and developing water and energy schemes. Officials have called the investment a “major boost to bilateral cooperation”. 

The Cairo Metro

Included in the financing is a concessional government loan of around €800mn to upgrade Line 1 of the Cairo Metro, introduced in the 1980s. The financing will pay for 55 trainsets for the line and is provided by the French engineering company, Alstom.  

Line 6 is also due to be upgraded using further state-guaranteed loans worth up to €2bn. Bruno Le Maire said that this would be negotiated over the next six months. France and Egypt have worked in close cooperation ever since Abdel Fattah al-Sisi became president in 2014, despite differences over human rights and strong criticism of Egypt by rights activists and some foreign states.

Nine more projects over the next half a decade

A further €1bn from France’s development agency, Agence Française de Développement (AFD), aims to cover a range of other projects over the next half a decade. 

These projects include a railway line between Aswan, southern Egypt, and Wadi Halfa in Sudan, as well as several projects in the renewable energy and water purification industries. Bruno Le Maire, France’s Finance Minister, said Egypt was a “strategic partner and commercial dealings with it would be developed. France will substantially increase its direct exposure to Egypt, becoming the first counter-party for government to government loans,” he said.

According to Le Maire, the AFD will also €150mn to support the construction of a universal health insurance programme. French contractors such as Vinci and Bouygues have a long history of working on the Egyptian capital’s underground system. 

Talking about the relationship between France And Egypt, Le Maire concluded: “France will substantially increase its direct exposure to Egypt, becoming the first counter-party for government to government loans”. 

Image: MEED

 

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