Construction Industry Boom in Egypt
- The Trade Adviser
- Oct 15, 2024
- 1 min read
Updated: Jun 14
The construction industry in Egypt is experiencing a significant boom, driven by government initiatives, foreign investments, and technological advancements. With a focus on sustainable practices and meeting the demands of urbanization, the sector is poised for robust growth over the coming years. This article explores various aspects of this construction surge, highlighting key players, challenges, and opportunities within the market.
Key Takeaways
The Egyptian construction market is expected to grow from $50.78 billion in 2024 to $75.97 billion by 2029.
Government investments are boosting infrastructure, transportation, and housing projects.
Foreign Direct Investment (FDI) is rising, with major contributions from countries like India, Turkey, and Belgium.
Sustainable building practices are becoming more common, focusing on eco-friendly materials and renewable energy.
The construction sector is adapting to digital tools, enhancing efficiency and collaboration.
