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.
Egypt Construction
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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.
Construction is soon to begin on the first phase of a long-awaited government plan in Egypt to develop one million new homes, adding to a building boom and infrastructure projects already under way across the country to spur economic growth.
Hopes are rising that a $4bn project to widen the Suez Canal will provide Egypt with a boost in construction activity, while also significantly raising revenue in the longer term.