Published on : Aug 29, 2016
ALBANY, New York, August 29, 2016: ResearchMoz.us has added a new report on the Egyptian construction industry to its online repository of research reports. As per the findings of the report, the rising number of private-public partnership projects and the rising foreign investments are expected to propel the construction industry in Egypt. In July 2016, the Egyptian government signed approximately 20 economic agreements with China. A value of US$15.0 bn was sanctioned in the agreement, which includes investments in the nation's transport, housing, and energy sectors. From 2011 to 2015, the Egypt construction industry exhibited a 5.32% CAGR and the industry is predicted to exhibit an 8.24% CAGR from 2016 to 2020. These are some of the crucial findings of the report.
The report, titled ‘Construction in Egypt - Key Trends and Opportunities to 2020,’ studies the changing trends in the construction industry in Egypt. During the period between 2011 and 2015, the Egypt construction industry displayed positive growth and is predicted to expand smoothly during the period between 2016 and 2020. Rising investments in the residential construction sector and the easy availability of construction infrastructure are two of the key factors credited for the growth of the construction industry in Egypt. Going forward, the Egyptian government is expected to take more efforts to develop rail and road infrastructure in the nation. This is expected to help the country meet the energy trends by 2020, thus propelling the construction industry in Egypt.
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The Egyptian government is expected to take more efforts in the form of flagship programs such as Sustainable Development Strategy 2030, the October Oasis, the development of Cairo Metro Line 6 projects, and the Local Development for Upper Egypt governorates. These flagship programs are expected to propel the construction industry in Egypt, predict the analysts. The rising government funding towards the improvement of construction infrastructure is also predicted to benefit the market. Key companies operating in the Egyptian construction industry are aiming to invest in research and development activities for developing advanced construction equipment and devices.
Housing construction projects in Egypt are increasing every year, which is predicted to propel the construction industry in the nation. The availability of various residential properties is a boon for the residents to fulfill their dream investments. The increasing number of residential construction projects in the pipeline is anticipated to further boost the construction industry in Egypt.
The report briefs readers about key construction companies operating in the Egyptian construction industry. Engineering Consultants Group, SA, Madinet Nasr for Housing and Development, SIAC Industrial Construction and Engineering Company, Hassan Allam Holding, and Dorra Group are some of the key organizations operating in the construction industry in Egypt. Considering the growth opportunities, many startups are also entering the market.
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