Egypt Construction Market Report 2022: Industry to Grow by 10.4% this Year, Supported by Increased Investments in Infrastructure and Energy Projects - ResearchAndMarkets.com

The "Egypt Construction Market Size, Trends and Forecast by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Construction, 2022-2026" report has been added to ResearchAndMarkets.com's offering.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Monday, August 8, 2022
Information
Tags: 
Construction & Property, Other Construction & Property, Central Bank of Egypt, Asian Infrastructure Investment Bank, National Authority for Remote Sensing and Space Sciences, Construction, OPEC Fund for International Development, Industry, Growth, Investment, World Bank, New Administrative Capital, Relaxation, Government, Sector, World, Yoy, National bank, International development, Water, NAC, Electricity, National Bank of Egypt, Commercial, AIIB, CBE, Housing, NBE, Central bank, Renewable energy
Geotags: 
AFRICA, EGYPT
Summary
Key Points: 
  • The "Egypt Construction Market Size, Trends and Forecast by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Construction, 2022-2026" report has been added to ResearchAndMarkets.com's offering.
  • The Egyptian construction industry grew by an estimated 8% in real terms in 2021, compared to growth of 3% in 2020.
  • The publisher expects the industry to grow by 10.4% this year, supported by increased investments in infrastructure and energy projects.
  • These projects will support investments in the infrastructure and petrochemical sectors, and are expected to drive growth across the construction value chain.


The "Egypt Construction Market Size, Trends and Forecast by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Construction, 2022-2026" report has been added to ResearchAndMarkets.com's offering.

The Egyptian construction industry grew by an estimated 8% in real terms in 2021, compared to growth of 3% in 2020. The industry's output in 2021 was supported by a recovery in the country's economic conditions and ongoing construction of large infrastructure projects, such as the New Administrative Capital (NAC), New Alamein and New Galala.

As a result, the Egyptian construction industry grew by 8.5% year on year (YoY) in the first three quarters of 2021, according to the Central Bank of Egypt (CBE), and positive growth momentum is expected to be maintained in the coming quarters, supported by a rapid vaccination program and the subsequent relaxation of restrictions.

The publisher expects the industry to grow by 10.4% this year, supported by increased investments in infrastructure and energy projects. In the FY2021/2022 Budget, the government allocated EGP245 billion ($15.6 billion) towards the transport sector, including roads, bridges and river ports, as well as projects under the National Authority for Tunnels.

In October 2021, Asian Infrastructure Investment Bank (AIIB) and OPEC Fund for International Development (OPEC Fund) provided a fund of EGP3.1 billion ($200 million) to the National Bank of Egypt (NBE) to help in the development of the country's infrastructure. In addition to this, in October 2021, the World Bank approved a loan of EGP5.6 billion ($360 million) to support the country's economy.

Over the remainder of the forecast period, the industry is expected to register an annual average growth rate of 10.6% between 2023-2026, supported by investments in the development of fourth-generation cities. In November 2020, the government allocated EGP90 billion ($5.2 billion) for the development of infrastructure of fourth-generation cities.

Of the total, EGP57 billion ($3.3 billion) is allocated for the construction of electricity, roads, water and wastewater, and housing projects across 21 existing urban cities. The government also plans to invest EGP512 billion ($32 billion) on the Cairo metro expansion until 2024, and EGP325.5 billion ($19 billion) on the implementation of 11 new petrochemical projects until 2035. These projects will support investments in the infrastructure and petrochemical sectors, and are expected to drive growth across the construction value chain.

Scope

  • Historical (2017-2021) and forecast (2022-2026) 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

Key Topics Covered:

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 COVID-19 Status

3.5 Risk Profile

4 Construction Outlook

4.1 All Construction

  • Outlook
  • Latest news and developments
  • Construction Projects Momentum Index

4.2 Commercial Construction

  • Outlook
  • Project analytics
  • Latest news and developments

4.3 Industrial Construction

  • Outlook
  • Project analytics
  • Latest news and developments

4.4 Infrastructure Construction

  • Outlook
  • Project analytics
  • Latest news and developments

4.5 Energy and Utilities Construction

  • Outlook
  • Project analytics
  • Latest news and developments

4.6 Institutional Construction

  • Outlook
  • Project analytics
  • Latest news and developments

4.7 Residential Construction

  • Outlook
  • Project analytics
  • Latest news and developments

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/s5rcc9

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