7/30/2023 0 Comments Builders of egypt publishersThe demand for affordable housing units has been on a constant rise in the country over the last few years and is expected to remain strong from the near-term perspective. Apart from the Cairo Metro project, investment from France's development agency will also develop water and energy schemes in Egypt.Ĭapital Gardens City sees an investment of EGP 15.1 billion as the demand for housing units is increasing in the country Moreover, the Egyptian Government is also planning to invest US$32 billion in the Cairo Metro expansion project over the next four years. Rising foreign investment in infrastructure projects will support the industry's growth in EgyptĪgence Francaise de Developpement (AFD), France's development agency, is investing €1.8 billion (~US$2 billion) in the Egyptian infrastructure sector with significant upgrades to the Cairo Metro. The publisher expects the adoption of public-private partnership financing frameworks to further drive the momentum in the Egyptian construction sector from the short to medium-term perspective. Moreover, the growing demand for infrastructure from the rising economy and population, especially in terms of transportation and energy, is expected to lead the momentum in the construction sector in Egypt from the short to medium-term perspective. With the Government continuing to roll out new infrastructure projects, the publisher expects the sector to record robust growth from the short to medium-term perspective. The funding from the Egyptian Government has driven the recovery in the construction sector over the last four to six quarters in the country. Government-backed mega-infrastructure projects to drive the overall construction industry in Egypt The construction output in the country is expected to reach EGP 620.9 billion by 2026. The growth momentum is expected to continue over the forecast period, recording a CAGR of 7.1% during 2022-2026. The construction industry in Egypt is expected to grow steadily over the next four quarters. DUBLIN-( BUSINESS WIRE)-The "Egypt Construction Industry Databook Series - Market Size & Forecast by Value and Volume (area and units) across 40+ Market Segments in Residential, Commercial, Industrial, Institutional and Infrastructure Construction, Q1 2022 Update" report has been added to 's offering.Īccording to the publisher's Q4 2021 Global Construction Survey, construction industry in Egypt is expected to grow by 12.3% to reach EGP 472 billion in 2022.ĭespite near-term challenges in certain construction sectors, medium to long term growth story in Egypt remains intact.
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