The Future of Construction in Egypt to 2015: Continuing Political Unrest to Deter Future Construction Activity29 Aug 2011 • by Natalie Aster
Within the Egyptian construction industry, infrastructure construction was the largest market in 2010 with a share of 45.2%. In terms of growth the infrastructure construction market registered the highest review period CAGR of 22.45% and is expected to record a CAGR of 10.53% over the forecast period. Commercial construction observed the second fastest growth rate in the market during the review period with a CAGR of 22.40%.
The report “The Future of Construction in Egypt to 2015: Continuing Political Unrest to Deter Future Construction Activity” is the result of iCD Research’s extensive market and company research covering the Egyptian construction industry. It provides detailed analysis of both historic and forecast construction industry values at market and category level, analysis of the leading companies in the industry, and key news.
The report provides a top-level overview and detailed market, category and company-specific insights into the operating environment for construction contractors. It is an essential tool for companies active across the Egyptian construction value chain and for new competitors considering entering the industry. The report allows the user to:
- Identify key growth and investment opportunities within the Egyptian construction industry;
- Make informed business decisions based on strong historic and forecast data.
The Future of Construction in Egypt to 2015: Continuing Political Unrest to Deter Future Construction Activity
Published: August, 2011
Price: US$ 1,250.00
Egypt has received US financial support annually since 1979 and became one of the largest recipients of funds after the Iraq war. Such an arrangement has enabled Egypt to be an attractive Foreign Direct Investment (FDI) destination for many international companies. During a period characterized by a global financial crisis and weak economic growth, the Egyptian construction industry performed strongly, increasing by an annual average rate of 20.4% during 2008–2010. Such growth was accomplished by the implementation of various stimulus packages introduced by the Egyptian government during this period. However, due to recent political events, the future economic performance of the country is uncertain. Egypt relies on foreign investment, tourism and fees from the Suez Canal, all of which have been impacted by the political turmoil.
In response to the global financial crisis, the Egyptian government announced a stimulus package in November 2008. The package focused mainly on infrastructure spending, with funds allocated for water and sanitation projects, roads, bridges, ports, railways, schools, health sector projects, export promotion and enhancing industrial zone development, including six new industrial zones on the outskirts of Cairo. Nevertheless, the short-term growth prospects for the Egyptian construction industry are relatively poor. The interim government is currently investigating land deals made by the previous government, and many have been abandoned because of irregularities in the process of land allocation. This has been a cause of concern for developers, many of whom are delaying or cancelling new development activities until the situation is resolved.
More information can be found in the report “The Future of Construction in Egypt to 2015: Continuing Political Unrest to Deter Future Construction Activity” by iCD Research.
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