While Egypt’s formal real estate market has become a crucial and high-performing segment of the economy, it has struggled to tackle the challenge of affordable housing. Egypt suffers from a chronic housing deficit of up to 3m homes, with annual demand for new homes reaching as high as 500,000 units. Previous administrations have sought to...
While the decision to float the Egyptian currency in November 2016 had a mixed impact on developers and the new-build residential market, it had a singular consequence for the resale or secondary market. Indeed, in terms of new units, the market has continued to progress, with extended payment terms and a slower release of off-plan units...
While the trucking industry, Egypt’s main form of freight transport, is being constrained by the reduction in fuel subsidies and the higher cost of imported fuel as a result of local currency depreciation, rail is primed for development. Egypt has a long history of rail transport. The country developed a rail network in the 19th century under...
Contractors in the Egyptian market have been among the hardest hit by the government’s ambitious reform agenda over 2017. While Cairo’s efforts to put the national economy on sounder footing will likely bear fruit, there has been short-term pain in the form of high inflation and increased cost pressures on construction firms. In this period of...
A central component of Egypt’s plan to strengthen its agribusiness sector is the development of its supply chain infrastructure. The World Bank’s “Enabling the Business of Agriculture 2017” (EBA) report listed Egypt as one of the countries with the greatest room for improvement when it comes to commercial agriculture – particularly with regard...
While the impact of Egypt’s economic reform programme is being felt acutely in the transport industry, the sector has become a particular focus of investment attention. From urban transit to seaports and airports, the country’s transport network is poised for a significant upgrade. Although demand is unpredictable and subdued in certain...
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