Egypt Construction Articles & Analysis

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Although Egypt lacks a strong mortgage lending segment, promoting home lending is not a current political priority. However, over the longer term, developing a stronger lending framework could assist in assuaging the country’s housing crisis.

In December 2012, the Egyptian cabinet agreed to postpone the implementation of the country’s new property tax law – which had been due to take effect in January – until July 2013. The new law, which was intended to expand the tax base, was introduced to the statute book in 2008 under former president Hosni Mubarak but had not yet been implemented...

Commercial real estate developers in Egypt currently face a number of key challenges. Since the 2011 revolution, demand for grade-A office and high-end retail space has fluctuated dramatically. As of the second half of 2013, a considerable percentage of the country’s high-quality commercial space had been recently vacated, according to data from the...

Chapter | Construction & Real Estate from The Report: Egypt 2013

Aided in part by the large domestic market, a spate of new industrial facilities, competitive labour costs and increasing urbanisation, the fundamentals of the Egyptian construction market look promising. The Egyptian real estate sector has continued to see growth, which has helped to support some contractors, but companies relying on work in the infrastructure segment, particularly those...

The wealth of the Nile River and its fertile banks and delta, together with Egypt’s location at the confluence of Africa, Asia and Europe, have made the country a valuable prize for centuries, as well as a centre of trade and ideas. 

After several years of strong demand growth, the economic slowdown and investment uncertainty associated with the 2011 revolution and its aftermath have dampened steel consumption in Egypt, leaving potential supply above demand. This gap partly explains the government’s decision to impose import tariffs, the rationale being that Egypt should not need imports if its domestic supply outstrips its own needs. For steel consumers, however, it is not necessarily that simple. They feel they should be free to import cheaper foreign products.