Egypt Construction & Real Estate Industry Market Report - Sector Overview
- The Trade Adviser
- Jun 5, 2024
- 1 min read
Updated: Jun 14
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).
