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...
Given strong growth in the past year, how can the construction sector further boost the economy?
Housing has risen to the top of the policy agenda in Egypt, and for good reason. According to Jones Lang LaSalle (JLL), the country has the largest deficit in the MENA region, with a requirement for 1.5m new units, an affordability gap and under-funding of the sector. According to Marja Hoek-Smit, director of the International Housing Finance...
The government’s push to stimulate the economy after a turbulent post-revolutionary period is good news for Egypt’s construction sector. Dozens of planned mega-projects and public works initiatives mean that the contracting industry is facing a sizeable project pipeline across all segments of the market. Large-scale plans for a new capital...
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