Egypt

Industrial real estate has been a mainstay of economic development for decades. Over time, industrial developments have shifted from areas like 6th of October City to large-scale zones that host one manufacturing segment – for example, the $2.2bn textile complex in Al Sadat City. In 2014-21, 17 such complexes in 15 governorates were established, with LE10bn ($835.4m) worth of...

The development of a fourth generation of cities across Egypt – including the New Administrative Capital (NAC), New Alamein and New Aswan City – will be a key driver of construction activity in the coming years. These developments are expected to raise the competitiveness of the local market, enhance living standards and generate employment opportunities.

The government of Egypt has placed a strong emphasis on infrastructure development and construction as key engines of urban growth and financial stability in the years since the country embarked on an ambitious IMF-backed economic reform programme in 2016. Egypt’s road networks, power production capacity and rail infrastructure have expanded rapidly in recent years,...

While the Covid-19 pandemic put pressure on real estate sales after a partial lockdown in early 2020, the sector has demonstrated resilience over the medium term. According to the Aqarmap Egypt Index, in March 2020 real estate demand fell by a record 29.6% to 1936 points, the lowest level since the Egyptian pound was floated in 2016. However, by March 2021 demand had recovered...

Egypt has an established and dynamic start-up ecosystem, with company founders working across verticals to create innovative digital solutions. The country is home to the fourth-largest ecosystem of start-ups in Africa, with 562 active tech start-ups, according to a 2021 report from Disrupt Africa. Nearly 94% of startups are based in Cairo, with Alexandria accounting for 3.6%...

The development of Egypt’s ICT sector is supported by concerted efforts to diversify the economy and develop knowledge-based industries. In FY 2019/20 and FY 2020/21 the sector’s growth significantly outpaced that of the broader economy. This trend is set to continue, with the government working to bolster internet access in rural areas, improve service delivery, and develop...