The construction industry is poised to remain one of the most dynamic sectors of the economy. This has been apparent in an increase in the number of large-scale projects involving transport, energy, utilities and urban development. This ongoing burst of construction activity is part of an effort to address infrastructure gaps, and improve Egypt’s standing among domestic and international...
Egypt Construction
Chapter | Construction & Real Estate from The Report: Egypt 2019
As Egypt is the most-populous Arab nation and third-most populous in Africa, population pressure is driving the nation’s economic agenda, with an estimated 3.5m young Egyptians entering the labour force by 2023. Recent years have seen an array of public initiatives aimed at encouraging private sector activity, but these remain hampered by a challenging economic backdrop and structural hurdles.
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Located at the geographic centre of the MENA region, Egypt has a well-documented history that has seen it accumulate knowledge and wealth over millennia. Egypt proved resilient during the Covid-19 pandemic: it was the only country in the MENA region to record positive GDP growth in 2020. Its economy has been widely driven by the execution of Egypt Vision 2030. This plan notably aims to increase annual GDP to 12% in 2030.
Economic update | Focus Report: New cities and mega-projects are driving growth in Egypt
29 Jun 2022
During a time of heightened global macroeconomic uncertainty, progress on new cities and mega-projects has helped Egypt maintain positive economic growth during the pandemic.
Architects, property developers and other key stakeholders in Egypt’s construction sector are increasingly embracing digitalisation as the country looks towards smart city solutions to solve its housing shortage.
Economic update | Report: How Egypt’s infrastructure agenda is driving sophistication in the construction sector
10 Mar 2022
While the construction sector in Egypt was temporarily paralysed during the early months of the pandemic, the infrastructure project pipeline has remained robust.
Since the country embarked on an ambitious IMFbacked economic reform programme in November 2016 the government has placed a strong emphasis on infrastructure and construction as a key engine of urban growth and financial stability. In the FY 2019/20 budget LE140bn ($8.6bn) was earmarked to obtain new resources, develop infrastructure, and...