Egypt Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028
Summary
GlobalData expects the 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).
GlobalData’s Construction in Egypt – Key Trends and Opportunities to 2028 report provides detailed market analysis, information and insights into the Egyptian construction industry, including -
- The Egyptian 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 the Egyptian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
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
- Identify and evaluate market opportunities using GlobalData'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 GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
- 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
- 7.1 What is this Report About?
- 7.2 Definitions
- 7.3 CRI Methodology
- 8 About GlobalData
- 9 Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Egypt, Key Economic Indicators
- Table 3: Egypt, Commercial Construction Output by Project Type (Real % Change), 2019–28
- Table 4: Egypt, Top Commercial Construction Projects by Value
- Table 5: Egypt, Industrial Construction Output by Project Type (Real % Change), 2019–28
- Table 6: Egypt, Top Industrial Construction Projects by Value
- Table 7: Egypt, Infrastructure Construction Output by Project Type (Real % Change), 2019–28
- Table 8: Egypt, Top Infrastructure Construction Projects by Value
- Table 9: Egypt, Energy and Utilities Construction Output by Project Type (Real % Change), 2019–28
- Table 10: Egypt, Top Energy and Utilities Construction Projects by Value
- Table 11: Egypt, Institutional Construction Output by Project Type (Real % Change), 2019–28
- Table 12: Egypt, Top Institutional Construction Projects by Value
- Table 13: Egypt, Residential Construction Output by Project Type (Real % Change), 2019–28
- Table 14: Egypt, Top Residential Construction Projects by Value
- Table 15: Egypt, Key Contractors
- Table 16: Egypt, Key Consultants
- Table 17: Egypt, Construction Output Value (Real, $ Million)
- Table 18: Egypt, Construction Output Value (Nominal, EGP Billion)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2022–28
- Figure 2: Egypt, Construction Output by Sector (Real % Change), 2022–24 and 2025–28
- Figure 3: Egypt, Risk Summary
- Figure 4: Egypt, Risk Regional Comparison
- Figure 5: Egypt, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2019–28
- Figure 6: Egypt, Construction Output Value, by Sector (Real, $ Million), 2019–28
- Figure 7: Egypt, Construction Value Add (EGP Million, 2021-2022 Constant Prices)
- Figure 8: Egypt, Construction Projects Momentum Index
- Figure 9: Middle East and North Africa, Construction Projects Momentum Index
- Figure 10: Egypt, Commercial Construction Output by Project Type (Real, $ Million), 2019–28
- Figure 11: Egypt, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 12: Egypt, Accommodation and Restaurants Services Value Add (EGP Million, 2021-2022 Constant Prices)
- Figure 13: Egypt, Industrial Construction Output by Project Type (Real, $ Million), 2019–28
- Figure 14: Egypt, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 15: Egypt, Manufacturing Value Add (EGP Million, 2021-2022 Constant Prices)
- Figure 16: Egypt Manufacturing and Extractive Production Value Index (2007=100)
- Figure 17: Egypt, Total Export Value ($ Million)
- Figure 18: Egypt, Infrastructure Construction Output by Project Type (Real, $ Million), 2019–28
- Figure 19: Egypt, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 20: Egypt, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019–28
- Figure 21: Egypt, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 22: Egypt, Electricity, Gas, and Water Services Value Add (EGP Million, 2021–2022 Constant Prices)
- Figure 23: Egypt, Institutional Construction Output by Project Type (Real, $ Million), 2019–28
- Figure 24: Egypt, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 25: Egypt, Residential Construction Output by Project Type (Real, $ Million), 2019–28
- Figure 26: Egypt, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 27: Egypt, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 28: Egypt, Headquarters of Key Consultants (% of Total Project Pipeline)
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