Dublin, May 28, 2024 (GLOBE NEWSWIRE) -- The "Egypt Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering.
Egyptian construction industry to expand by 8.4% in real terms in 2024, supported by investment in infrastructure, housing and renewable energy projects. The expansion in construction activity was supported by a rise in foreign direct investment (FDI), with the General Authority for Investment and Free Zones (GAFI) reporting that FDI inflows in the financial year 2022/2023 (FY2022/2023) totalled EGP236.8 billion ($10 billion), a 10% increase from the EGP210.7 billion ($8.9 billion) recorded in FY2021/2022.
With the government aiming to attract EGP284.1 billion ($12 billion) of FDI during FY2023/2024, a 20% YoY growth, construction industry activity is expected to remain robust in 2024. Under the Initial Public Offering (IPO) initiative, the Egyptian government plans to raise EGP118.4 billion ($5 billion) by June 2024 through the sale of state-owned firms to strategic investors. As of January 2024, the country had generated EGP82.9 billion ($3.5 billion) under the initiative, according to the Ministry of Finance.
The industry's output is expected to record an annual average growth of 9.4% between 2025 and 2028, supported by investment in rail transport, renewable power, housing, and green hydrogen infrastructure projects. An eight-directional economic strategy was introduced in January 2024 and is focused on the development of several economic sectors in the country between 2024 and 2030.
Under the strategy, the government plans to increase the contribution of agriculture, industry and the telecom & IT sectors to GDP to a combined 50% by 2030. The government also aims to attract EGP32 trillion ($668.8 billion) of investment from by 2030, of which FDI will account for EGP2.4 trillion ($50.2 billion).
Scope
- This report provides a comprehensive analysis of the construction industry in Egypt. It provides -
- Historical (2019-2023) and forecast (2024-2028) 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 the publisher's 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 the publisher's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
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 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/e1f7nq
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