Egypt Construction Articles & Analysis

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A tried and tested solution to many breaches of the law throughout the world is to legalise the activity – and then tax it. This is the approach the Egyptian authorities have considered towards the issue of illegal construction. A draft law put forward in August 2014 will permit an amnesty period of six months in an attempt to tackle a problem that has existed for decades, but...

Where are the greatest opportunities for engineering, procurement and construction contractors?

As an exercise in getting a large-scale infrastructure project – and a massive industrial development – off the ground, it is probably unparalleled. An appeal to the Egyptian people to fund the widening and deepening of the Suez Canal was met with such enthusiasm that it took just eight working days to raise LE64bn ($9.1bn) – around LE4bn ($568m) more than was being sought....

In light of recent political and macroeconomic instability, housing has once again risen to the top of the policy agenda in many countries of North Africa and the Levant. Although the dynamics of local real estate markets and regulatory environments vary widely between Morocco in the west and Jordan in the east, persistent housing deficits, an affordability gap and under-...

The contention that nothing is certain except for death and taxes has been given further credence as property taxes have finally become an established part of Egyptian life. A law to impose these levies was first introduced six years ago, but was never enforced in the face of strong opposition from property owners, and demands that the threshold and criteria be changed.

Mortgages on property of all kinds have been available in Egypt for the past 13 years since the relevant law, No. 148, was introduced in August 2001. Yet only recently have there been moves to provide financing for home-buyers seeking to repay their loans over longer periods of up to 20 years. It is estimated that as many as two-thirds of individual home purchases are paid for...