Egypt’s basic building materials producers are expected to benefit from a transition to coal-fired energy going forwards, as well as government efforts to import more liquefied natural gas. However, all materials producers, including the steel and cement industries, have faced significant challenges over the past 24 months in terms of fuel...
What factors are driving demand for new residential developments across income segments?
Egypt has been living with the azmit al iskan (housing crisis) for more than 30 years. Inadequate stock, overcrowding and a lack of affordability have become the norm, and while successive administrations have paid lip service to reform and solutions, the housing deficit has continued to grow and the existing housing stock has degraded...
The current administration has announced a number of initiatives to support the development of the real estate industry, as well as improve the provision of housing for the general populace.
Property is one of the few areas that has benefitted from the uncertainty and instability of post-revolutionary Egypt. As investors have become jittery and the government has introduced capital controls, money has flowed into real estate.
In August 2015 Egypt opened the new Suez Canal axis to much fanfare. An Egyptian project that was managed, financed and executed entirely by Egyptians in record time elicited extensive media coverage. This is understandable given that the project had become a symbol of political and economic rebirth, but also, just as importantly, given that...
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