With the aim of enhancing the economy and providing sufficient housing for its growing population, Egypt has made construction plans for a series of new cities. These large-scale projects are expected to have a positive impact on the construction sector and help ease congestion in Cairo. There has already been a positive impact on the dynamics...
From 206 BCE to 220 AD, China’s Han dynasty fostered a booming trade industry for silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the moniker given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system,...
What role have large-scale infrastructure projects played in building knowledge and capacity in the construction sector?
PROJECT: Cairo Festival City LOCATION: New Cairo VALUE: LE30bn ($1.7bn) DEVELOPER: Al Futtaim Real Estate Group DESCRIPTION: Spanning over 3m sq metres of land, Cairo Festival City is a mixed-use urban community that includes shopping, residential and office space.
One of Egypt’s biggest challenges is the lack of adequate housing for its rapidly growing population. Two key issues are perpetuating this: the insufficient volume of affordable housing units for lower-income residents; and the increased presence of informal or self-built units in most major cities. Paradoxically, real estate continues to be a...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×