Summary
Prior to the Coronavirus (COVID-19) outbreak, the construction industry in Egypt was growing at a robust pace. Although the country was not immune to the COVID-19 crisis, the construction industry was not affected to the same extent as other markets in Middle East and North Africa (MENA) region. Egypt’s construction industry expanded by 3% in 2020 - although positive, it was a marked slowdown compared to recent years, reflecting the disruption caused by the COVID-19 pandemic and the six-month suspension of the issuance of new construction licenses for private buildings across most cities. Thus, the industry’s output value, measured at constant 2017 US dollar exchange rates, increased from US$33.7 billion in 2019 to US$34.7 billion in 2020.
Work on large infrastructure projects, including the New Administrative Capital (NAC), New Alamein and New Galala, which are highly labor intensive, ensured that construction avoided some of the disruptions experienced by other sectors in the economy, and continued to work on schedule; without this ongoing work on public megaprojects, the slowdown would have been more severe. The government is focused on increasing public spending to implement new projects and provide better services.
GlobalData expects the industry to rebound with growth of 10.7% in 2021, before registering an average annual growth of 10.2% between 2022-2025. The industry’s growth over the forecast period will be supported by investments in the development of fourth generation cities. In November 2020, the government allocated EGP90 billion (US$5.2 billion) for the development of infrastructure of fourth-generation cities in the country. Of the total, EGP57 billion (US$3.3 billion) is allocated for the construction of electricity, roads, water and wastewater and housing projects across 21 existing urban cities. The government also plans to invest EGP512 billion (US$32 billion) on the Cairo metro expansion over the next four years, and EGP325.5 billion (US$19 billion) on the implementation of 11 new petrochemical projects until 2035. These projects will support investments in the infrastructure and petrochemical sectors, and are expected to drive growth across the construction value chain.
GlobalData’s Construction in Egypt - Key Trends and Opportunities to 2025 (H2 2021) report provides detailed market analysis, information and insights into Egypt’s construction industry, including -
- Egypt’s construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Egypt’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope
This report provides a comprehensive analysis of the construction industry in Egypt. It provides -
- Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Egypt, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
'
Table of Contents
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
7.4 GlobalData Construction
Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Egypt, Key Economic Indicators
Table 3: Egypt, Commercial Construction Output by Project Type (Real % Change), 2016-2025
Table 4: Egypt, Top Commercial Construction Projects by Value
Table 5: Egypt, Industrial Construction Output by Project Type (Real % Change), 2016-2025
Table 6: Egypt, Top Industrial Construction Projects by Value
Table 7: Egypt, Infrastructure Construction Output by Project Type (Real % Change), 2016-2025
Table 8: Egypt, Top Infrastructure Construction Projects by Value
Table 9: Egypt, Energy and Utilities Construction Output by Project Type (Real % Change), 2016-2025
Table 10: Egypt, Top Energy and Utilities Construction Projects by Value
Table 11: Egypt, Institutional Construction Output by Project Type (Real % Change), 2016-2025
Table 12: Egypt, Top Institutional Construction Projects by Value
Table 13: Egypt, Residential Construction Output by Project Type (Real % Change), 2016-2025
Table 14: Egypt, Top Residential Construction Projects by Value
Table 15: Egypt, Key Contractors
Table 16: Egypt, Key Consultants
Table 17: Egypt, Construction Output Value (Real, US$ Million)
Table 18: Egypt, Construction Output Value (Nominal, EGP Billion)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Middle East and Africa, Construction Output (Real % Change), 2020 and 2021
Figure 2: Egypt, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: Egypt, COVID-19 Confirmed Cases
Figure 4: Egypt, Risk Summary
Figure 5: Egypt, Risk Regional Comparison
Figure 6: Egypt, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2016-2025
Figure 7: Egypt, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
Figure 8: Egypt, Construction Value-Add (EGP Million, 2016-2017 Base Prices), % Change YoY
Figure 9: Egypt, Gross Capital Formation (EGP Billion, at Constant 2016-2017 Base Prices), % Change YoY
Figure 10: Egypt, Construction Projects Momentum Index
Figure 11: Middle East and North Africa, Construction Projects Momentum Index
Figure 12: Egypt, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 13: Egypt, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 14: Egypt, Wholesale and Retail Trade Value-Add (EGP Million, 2016-2017 Base Prices), % Change YoY
Figure 15: Egypt, Hotels and Restaurants Value Add (EGP Million, 2016-2017 Base Prices), % Change YoY
Figure 16: Egypt, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 17: Egypt, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 18: Egypt, Manufacturing Industries Value Add (EGP Million, 2016-2017 Base Prices), % Change YoY
Figure 19: Egypt, Manufacturing and Extractive Production Value Index
Figure 20: Egypt, Total Exports (US$ Million), % Change YoY
Figure 21: Egypt, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 22: Egypt, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 23: Egypt, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 24: Egypt, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 25: Egypt, Electricity Value-Add (EGP Million, 2016-2017 Base Prices), % Change YoY
Figure 26: Egypt, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 27: Egypt, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 28: Egypt, Health Sector Value Add (EGP Million, 2016-2017 Base Prices), % Change YoY
Figure 29: Egypt, Education Sector Value Add (EGP Million, 2016-2017 Base Prices), % Change YoY
Figure 30: Egypt, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 31: Egypt, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 32: Egypt, Real Estate Activities Value-Add (EGP Million, 2016-2017 Base Prices), % Change YoY
Figure 33: Egypt, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 34: Egypt, Headquarters of Key Consultants (% of Total Project Pipeline)
