Construction in Egypt - Key Trends and Opportunities to 2021

15 March 2018

Construction in Egypt – Key Trends and Opportunities to 2021

Synopsis

In real terms, the Egyptian construction industry’s output grew by 10.3% in 2016, following an average annual growth of 5.3% during the preceding four years. This increase can be attributed to public and private sector investment in infrastructure and residential construction projects, leading to an increase in demand for the Egyptian construction industry.

 

The construction industry is expected to continue to expand strongly over the forecast period (2017–2021), with investments in infrastructure, residential and energy projects continuing to drive growth. According to Timetric, the focus on the development of transport infrastructure and the construction of affordable housing units will be key growth drivers. In 2016, China announced plans to invest EGP152.3 billion (US$15.0 billion) to develop infrastructure in Egypt. Plans to increase the country’s energy production are also expected to support investments in energy infrastructure projects over the forecast period.

 

In a bid to promote sustainable economic growth and attract new investments, Egypt’s parliament approved the New Investment Law in May 2017. Under this new law, the government will provide tax incentives and guarantees, liberalize the foreign exchange system and adopt comprehensive value added tax (VAT) systems to attract more domestic and foreign investment into the country. The move is expected to increase the pace of foreign investment, aiding the growth of the construction industry over the forecast period.

 

Timetric expects industry output to record a compound annual growth rate (CAGR) of 8.03% in real terms over the forecast period, compared to 7.45% during the review period (2012–2016). However, political uncertainty and a high budget deficit present major downside risks to the forecast.

 

Summary

Timetric’s Construction in Egypt – Key Trends and Opportunities to 2021 report provides detailed market analysis, information and insights into the Egyptian construction industry, including:

 

Scope

This report provides a comprehensive analysis of the construction industry in Egypt. It provides:

 

Reasons To Buy

 

Key Highlights

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