PUBLISHER: GlobalData | PRODUCT CODE: 1093644
PUBLISHER: GlobalData | PRODUCT CODE: 1093644
GlobalData has maintained its growth forecast unchanged for 2022, with the industry expected to register an annual growth of 9.7% in real terms this year, following 8.5% growth in 2021. According to the Central Bank of Egypt (CBE), the construction industry's value add grew by 6.3% year on year (YoY) in Q1 2022 (the latest data available at the time of writing), preceded by Y-o-Y growth rates of 8.5% in Q4 and 10.7% in Q3 2021. The solid pace of growth reflects the work on major infrastructure projects, including the New Administrative Capital (NAC), New Alamein, New Galala, and El Dabaa Nuclear Power Plants.
The industry is expected to register annual growth around 10% from 2023 to 2026, supported by investments on transport, electricity, water, sewage, health, and education projects. In March 2022, the government announced that it plans to implement 45 major national and strategic infrastructure projects in the financial year (FY) 2022/2023 (July 1, 2022-June 30, 2023), including the construction of 10 transverse axes on the Nile, the establishment of 18 overpasses, the completion of 1,000km of electrification of railway signals, the expansion of a metro network, and the completion of 47 express train stations. In the FY2022/2023 Budget, the government announced plans to develop 94 hospitals and 448 health units within the comprehensive health insurance system, as well as the development of 115 sewage treatment plants and 27 water desalination plants, with the tender expected to be issued this year.
The report provides detailed market analysis, information, and insights into Egypt's construction industry, including -
This report provides a comprehensive analysis of the construction industry in Egypt. It provides -