DUBLIN, December 03, 2021--(BUSINESS WIRE)--The "Egypt Construction Industry Databook Series - Market Size & Forecast (2016 - 2025) by Value and Volume (area and units) across 40+ Market Segments in Residential, Commercial, Industrial, Institutional and Infrastructure Construction - Q1 2021 Update" report has been added to ResearchAndMarkets.com's offering.
In recent years, the Egyptian government has placed a strong emphasis on construction and infrastructure as a key driver of financial stability and urban growth. However, the coronavirus outbreak halted the progress of several projects in the country. While the private sector investment declined significantly, the government continued spending on construction activities of roads and bridges. As a result, the construction industry rebounded in the third and fourth quarter of 2020.
After a brief slowdown due to Covid-19, the industry is projected to grow steadily over the forecast period. In the short-term, investment in the construction industry will be largely driven by government spending in the infrastructure sector. Demand for housing construction is also expected to remain stable. Overall, despite the coronavirus pandemic, the medium to long term prospects for the Egyptian construction industry remain strong.
The residential sector is witnessing significant growth in the country. Increasing urbanization and higher spending power of the consumer are boosting the demand for the residential sector in Egypt. Private companies as well as the government have been investing heavily in the residential market in Egypt.
The government is also pumping liquidity in the residential construction sector in Egypt. The Egyptian government is building affordable housing and reconstructing slums for the citizens. This is one of the priorities of the current government to re-build and provide affordable housing to the overpopulated neighborhoods in the country.
While the commercial construction sector got affected due to the coronavirus outbreak, increased spending from both government and private companies has supported the industry. For instance, the El Batal Group's Rock Vera Plaza commercial project includes the construction of 100 offices and retail units in New Cairo. Moreover, the group has a land bank of another 100 acres for developing future projects in the country.
The New Urban Community Authority also intends to construct new cities comprising hospitals, shopping centers, schools, and entertainment facilities. Thus, providing support for the commercial construction industry in Egypt.
The government has continuously funded the development of infrastructure projects in the country - including roads and bridges. Even during the lockdown, the infrastructure construction activities were halted for only two weeks. Several infrastructure-related megaprojects such as the New Administrative Capital, New Alamein, and New Galala - have helped the construction sector recover from the slowdown due to coronavirus outbreak.
In addition to this, the government is planning to upgrade ports, transportation networks, and airports in the courts. It is also planning to build 14 new smart cities nationwide in the coming years.
According to the Q4 2020 Global Construction Survey, construction industry in Egypt is expected to grow by 13.2% to reach US$ 34397.1 million in 2021.
Despite near-term challenges in certain construction sectors, medium to long term growth story in Egypt remains intact. The construction industry in Egypt is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 6.6% during 2021-2025. The construction output in the country is expected to reach US$ 44341.2 million by 2025.
This report provides data and trend analyses on construction industry in Egypt, with over 100 KPIs. This is a data-centric report and it provides trend analyses with over 140+ charts and 110+ tables. It details market size & forecast, emerging trends, market opportunities, and investment risks in over 40 segments in residential, commercial, industrial, institutional, and infrastructure construction sectors.
It provides a comprehensive understanding of construction industry sectors in both value and volume (both by activity and units) terms. The report focuses on combining industry dynamics with macro-economic scenario and changing consumer behavior to offer a 360-degree view of the opportunities and risks.
Market Data and Insights
This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2016-2025 in Egypt.
KPIs covered include the following:
Market size by value
Market size by volume of construction
Number of units
Egypt Residential Building Construction Coverage
Egypt Residential Green Building Construction Coverage
Egypt Commercial Building Construction Coverage
Egypt Commercial Green Building Construction Coverage
Egypt Industrial Green Building Construction Coverage
Egypt Institutional Building Construction Coverage
Egypt Institutional Green Building Construction Coverage
Egypt Infrastructure Construction Sectors
Egypt Green Infrastructure Construction
For more information about this report visit https://www.researchandmarkets.com/r/kas0z5
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211203005332/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900