Egypt Construction

Displaying 13 - 18 of 77

 

Although the devaluation of the Egyptian pound in late 2016 pushed inflation upwards, strong longterm economic fundamentals have maintained interest in the real estate sector. On the other side of the spectrum, real estate developers have been able to adapt their offers to the new needs of Egyptian buyers, and have progressed with ongoing...

 

One of Egypt’s biggest challenges is the lack of adequate housing for its rapidly growing population. Two key issues are perpetuating this: the insufficient volume of affordable housing units for lower-income residents; and the increased presence of informal or self-built units in most major cities. Paradoxically, real estate continues to be a...

 

Several years of instability have brought difficulties for Egypt’s economy, although the impact has varied across sectors. However, the country is experiencing a recovery, with the IMF estimating that GDP will increase by 5.5% in 2019, up from 5.3% in 2018.

Chapter | Construction & Real Estate from The Report: Egypt 2019

The construction industry is poised to remain one of the most dynamic sectors of the economy. This has been apparent in an increase in the number of large-scale projects involving transport, energy, utilities and urban development. This ongoing burst of construction activity is part of an effort to address infrastructure gaps, and improve Egypt’s standing among domestic and international...

As Egypt is the most-populous Arab nation and third-most populous in Africa, population pressure is driving the nation’s economic agenda, with an estimated 3.5m young Egyptians entering the labour force by 2023. Recent years have seen an array of public initiatives aimed at encouraging private sector activity, but these remain hampered by a challenging economic backdrop and structural hurdles.

 

The construction sector in Egypt is experiencing the best of times and the worst of times. On the one hand, the government has placed the sector at the heart of its economic agenda, ensuring that there will be plenty of contracts available in the foreseeable future. On the other hand, efforts to reform the economy through the removal of fuel...

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