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 city and the expansion of the Suez Canal, coupled with...
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Chapter | Construction & Real Estate from The Report: Egypt 2016
Located at a crossroads between Africa, Asia and Europe, Egypt remains one of the world’s most strategically important countries, as it has been for millennia. Egypt has the third-largest GDP in the Arab world, after oil-rich Saudi Arabia and the UAE. It is considerably more diversified than many economies in the region, with manufacturing and agriculture key contributors, making up 14.5% and 15.7% of GDP, respectively, according to the Central Bank of Egypt, as well as oil and gas extraction.
Interviews & Viewpoints | Michael Turner, Managing Director, East Africa, Actis: Interview from The Report: Kenya 2016
How has the level of private equity activity changed in Africa in recent years, and which sectors offer the most potential?
Articles & Analysis | Kenyan property prices rise despite low rents and few mortgages from The Report: Kenya 2016
The real estate market in Kenya remains attractive for investors, with the average property price in Nairobi rising more than fivefold in the 2007-14 period, from KSh30m ($330,000) per acre to KSh170m ($1.9m) at the end of 2014, according to HassConsult, a local real estate agency. In a positive sign for longer-term sustainability, indicators...
Articles & Analysis | Efforts to tackle problem of low-quality construction in Kenya from The Report: Kenya 2016
Increased competition in Kenya’s construction market is leading to notable improvements in quality standards, but persistent challenges remain, and there is a great need for increased regulatory support and more rigorous enforcement.
Articles & Analysis | Concrete surge from The Report: Kenya 2016
Growth in the Kenyan construction sector – driven by major infrastructure projects such as the Nairobi-Mombasa railway and a push to expand housing supply – reached 13.1% year-on-year (y-o-y) in 2014, more than double the 2013 figures. Construction accounted for 4.8% of GDP in 2014, according to the “Economic Survey 2015” from the Kenya...