Egypt Construction Market in 2024:
How Big is the Construction Industry?
The Egypt construction market size reached USD 65.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 146.04 Billion by 2032, exhibiting a growth rate (CAGR) of 8.70% during 2024-2032.
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Egypt Construction Market Trends:
The Egypt construction market is expanding rapidly, owing to several interconnected factors. Primarily, the market is driven by private-sector investments as well as infrastructure initiatives led by government bodies. Besides this, large-scale infrastructure development, such as ports, bridges, highways, and energy facilities, has been given top priority by the Egyptian government bodies as part of its larger ambitions for economic growth. Notably, the New Administrative Capital project, which involves the construction of a modern city to house government offices and key infrastructure, is one of the most ambitious initiatives driving demand in the Egypt construction market. Additionally, the growing population and urbanization across the region have led to an increased need for residential, commercial, and mixed-use developments. In line with these factors, the country's strategic location as a gateway between Africa and the Middle East further positions it as an attractive destination for foreign investment in construction.
Egypt Construction Market Scope and Growth Analysis:
The Egypt construction market is also benefiting from significant investments in the housing sector, particularly affordable housing, in response to the country's housing shortage. Furthermore, the government has launched several programs aimed at providing affordable homes for low- and middle-income citizens, thus stimulating demand for building materials and construction services. In addition to these factors, the sector is witnessing a rise in the use of new technologies, including Building Information Modeling (BIM) and modular construction, which help improve project efficiency and cost management.
However, challenges such as inflation, increasing material costs, and regulatory complexities remain. Despite these obstacles, the Egypt construction market is poised for continued expansion in the coming years, supported by both public and private sector efforts and growing foreign investments in infrastructure development.
Egypt Construction Market Report Segmentation:
Breakup by Sector:
- Residential
- Commercial
- Industrial
- Infrastructure (Transportation)
- Energy and Utilities
Breakup by Region:
- Greater Cairo
- Alexandria
- Suez Canal
- Delta
- Others
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Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the Egypt Construction industry.
Other Key Points Covered in the Report:
- COVID-19 Impact on the Market
- Porter's Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
- Recent Industry News
- Key Technological Trends & Development
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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