Construction in Egypt - Key Trends and Opportunities to 2024

Construction in Egypt - Key Trends and Opportunities to 2024

  • September 2020 •
  • 51 pages •
  • Report ID: 4068863 •
  • Format: PDF
Construction in Egypt - Key Trends and Opportunities to 2024

Summary
The Construction industry in Egypt had been growing at a fast pace prior to the COVID-19 crisis. The industry’s value-add grew by 9.5% in real terms in 2019, following growth of 9% in the previous year. This was driven by the construction of mega projects, which includes new cities, transport infrastructure and residential buildings.

The building and construction sectors were the most resilient in the face of the semi-lockdown imposed during the height of the pandemic.Large infrastructure projects, including the New Administrative Capital (NAC), New Alamein and New Galala, which are highly labor intensive, avoided some of the disruptions experienced by other sectors in the economy, and continued work on schedule.

Without public megaprojects, the impact would have been more severe. To create jobs and revive the pandemic-hit economy, in the latest budget for the fiscal year (FY) 2020/2021, which began on July 1st, the government increased the size of its public investment by 35%, going from EGP208 billion (US$12.1 billion) in FY2019/2020 to EGP280.7 billion (US$16.14 billion) in FY2020/2021.

The analys expects the country’s construction industry to grow by 7.7% in 2020, although a downside risk exists from the decline in private investments. Previously, in May 2020, the government estimated that the private sector investments could drop by 30% if the crisis exists until the end of the year. However, the industry is expected to gradually stabilize and record an average annual growth of 10% between 2021-2024, supported by investments in transport, petrochemical, industrial, energy, water and residential infrastructure projects. The government plans to invest EGP512 billion (US$32 billion) on Cairo metro expansion over the next four years and EGP325.5 billion (US$19 billion) on the implementation of 11 new petrochemical projects until 2035, and is investing in wind and solar power projects with a combined capacity of 3.1GW, to attain 42% of total energy produced from renewables by 2035

This report provides detailed market analysis, information and insights into Egypt’s construction industry, including -
- Egypt’s construction industry’s growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Egypt’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline

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

It provides -
- Historical (2015-2019) and forecast (2020-2024) valuations of the construction industry in Egypt, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy
- Identify and evaluate market opportunities using standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
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