Construction remains one of the most important contributors to the domestic economy. In 2016 the sector’s output increased by 10.3%, a significant uptick after growing at an average of 5.3% in the preceding four years. This growth trend was largely maintained in 2017, expanding by 7.3% in the first nine months of FY 2016/17. The Egyptian real estate market has proven itself remarkably...
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Chapter | Construction & Real Estate from The Report: Egypt 2018
As Egypt enters 2018, a newly liberalised local currency and the recent implementation of a much-anticipated investment framework have left the country well positioned for continued economic expansion: the IMF expects GDP growth to reach 4.5% in 2018 and accelerate to around 6% over the medium term.
Articles & Analysis | Opportunities emerge in Oman's real estate market from The Report: Oman 2018
Market pressures that have weighed on Oman’s real estate sector since oil prices fell from their historic highs three years ago continue to affect its performance, and the state has adjusted to lower revenues by trimming budgets and paring back some investments. Growth in public payrolls and jobs – a key driver of real estate demand – slowed...
Articles & Analysis | Changes at a key Omani real estate institution aim to streamline processes, increase confidence from The Report: Oman 2018
Four initiatives under way at the Ministry of Housing (MoH) could have a considerable impact on the broader real estate sector over the course of 2018, namely the centralised processing of transactions, passage of new regulations, software to ease information collection and create indices, and an affordable housing programme. “The aim is to...
Chapter | Real Estate from The Report: Oman 2018
Market pressures have continued to weigh on Oman’s real estate sector since oil prices fell from their historic highs, driving the sultanate to adjust to lower revenue by trimming budgets and paring back some investment. Growth in public payrolls and jobs – a key driver of real estate demand – slowed in 2016 as the government reduced spending by 7.5% to tackle a fiscal deficit surpassing 20%...
Interviews & Viewpoints | Tarafa Marouane, Chairman, SOMED Group: Interview from The Report: Morocco 2018
Which infrastructure projects are set to support growth in the Moroccan economy in 2018?