The construction and real estate industry in Egypt is a vital component of the national economy, facilitating urban development, infrastructure expansion, and housing provision. As of 2023, the construction and real estate sector is valued at approximately USD 15 billion, with residential, commercial, and infrastructure projects being the primary components (source: Egyptian Ministry of Housing, Utilities, and Urban Communities).
The sector has seen an annual growth rate of 9% over the past five years, driven by government initiatives, foreign investments, and urbanization. Egypt's GDP stood at USD 403 billion in 2022, with the construction and real estate sector accounting for about 3.5% of the total (source: World Bank).
The future growth potential of the sector is substantial, with projections indicating that the market could reach USD 25 billion by 2030, supported by ongoing investments and urban development projects.
Egypt's strategic location, large population, and growing economy are driving the demand for residential, commercial, and industrial real estate. The government's focus on infrastructure development, including new cities, highways, and public facilities, is also boosting the sector. Key projects include the development of the New Administrative Capital, Alamein City, and various housing and industrial zones.
Key Market Trends
Comments