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Construction in Egypt - Key Trends and Opportunities to 2023

Construction in Egypt - Key Trends and Opportunities to 2023

Construction in Egypt - Key Trends and Opportunities to 2023

Summary

The Egyptian construction industry’s output registered a compound annual growth rate (CAGR) of 9.91% in real terms during the review period (2014-2018), mostly attributed to public and private sector investment in transport infrastructure, energy and housing construction projects, propelling an increase in demand for the Egyptian construction industry. Positive developments in economic conditions and improvement in investor confidence also provided growth momentum.

According to the country’s Transport Ministry, the government invested EGP75 billion (US$4.2 billion) to construct 4,500km of new roads under the National Roads Project during the period of August 2014-June 2018. Moreover, 326,300 residential units were built with an investment of EGP106.9 billion (US$6 billion) in the financial year (FY) 2017-2018, compared to 317,200 units with an investment of EGP91.8 billion (US$5.1 billion) in the preceding period of FY2016-2017. The industry is expected to continue to expand over the forecast period (2019-2023), driven by the government's focus on developing energy and transport infrastructure in the country.

The industry’s output value in real terms is expected to grow at a CAGR of 11.30% over the forecast period. The industry is expected to grow from a value of US$30.9 billion in 2018 to US$52.7 billion in 2023, measured at constant 2017 US dollar exchange rates.

Accounting for 41.1% of the industry’s total value in 2018, residential construction was the largest market in the Egyptian construction industry during the review period. The market is expected to retain its position over the forecast period, with a market share of 40.5% of the industry’s total value in 2023. Energy and utilities construction accounted for 20.3% of the industry’s total output in 2018, followed by infrastructure construction with 17.8%, commercial construction with 13.8%, industrial construction with 3.8% and institutional construction with 3.2%.

The total construction project pipeline in Egypt including all mega projects with a value above US$25 million - stands at EGP7 trillion (US$392.4 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage development projects, with 70% of the project pipeline by value in the pre-execution and execution stages as of August 2019.

Scope

This report provides a comprehensive analysis of the construction industry in Egypt. It provides -

  • Historical (2014-2018) and forecast (2019-2023) 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.


    • Executive Summary
    • Construction Outlook: At-a-glance
      • Table Construction Outlook
      • Table Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
      • Table Figure 2: Egypt, Construction Projects Pipeline by Sector (EGP Billion)
    • Latest News and Indicators
    • Key Drivers and Risks
      • Economic Performance
        • Table Egypt, Key Economic Indicators
      • Political Environment
      • Demographics
      • Risk Profile
        • Table Figure 3: Egypt, Risk Profile
        • Table Figure 4: Egypt, Risk Comparison
    • Construction Outlook
      • All Construction
        • Outlook
          • Table Figure 5: Egypt, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
          • Table Figure 6: Egypt, Construction Output Value, Growth Matrix
          • Table Figure 7: Egypt, Construction Output Value, by Sector (EGP Million), 2014-2023
        • Project analytics
          • Table Figure 8: Egypt, Construction Projects Pipeline, Projected Annual Spending by Stage (EGP Million), 2018-2023
          • Table Figure 9: Egypt, Construction Projects Pipeline, Value by Stage (EGP Million)
          • Table Egypt, Construction Output Value (nominal, EGP Million)
          • Table Egypt, Construction Output Value (nominal, US$ Million)
      • Commercial Construction
        • Outlook
          • Table Figure 10: Egypt, Commercial Construction Output by Project Type (EGP Million), 2014-2023
        • Project analytics
          • Table Figure 11: Egypt, Commercial Construction Projects Pipeline, Value by Stage (EGP Million)
          • Table Figure 12: Egypt, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (EGP Million), 2018-2023
          • Table Egypt, Top Commercial Construction Projects by Value
      • Industrial Construction
        • Outlook
          • Table Figure 13: Egypt, Industrial Construction Output by Project Type (EGP Million), 2014-2023
        • Project analytics
          • Table Figure 14: Egypt, Industrial Construction Projects Pipeline, Value by Stage (EGP Million)
          • Table Figure 15: Egypt, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (EGP Million), 2018-2023
          • Table Egypt, Top Industrial Construction Projects by Value
      • Infrastructure Construction
        • Outlook
          • Table Figure 16: Egypt, Infrastructure Construction Output by Project Type (EGP Million), 2014-2023
        • Project analytics
          • Table Figure 17: Egypt, Infrastructure Construction Projects Pipeline, Value by Stage (EGP Million)
          • Table Figure 18: Egypt, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (EGP Million), 2018- 2023
          • Table Egypt, Top Infrastructure Construction Projects by Value
      • Energy and Utilities Construction
        • Outlook
          • Table Figure 19: Egypt, Energy and Utilities Construction Output by Project Type (EGP Million), 2014-2023
        • Project analytics
          • Table Figure 20: Egypt, Energy and Utilities Construction Projects Pipeline, Value by Stage (EGP Million)
          • Table Figure 21: Egypt, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (EGP Million), 2018-2023
          • Table Egypt, Top Energy and Utilities Construction Projects by Value
      • Institutional Construction
        • Outlook
          • Table Figure 22: Egypt, Institutional Construction Output by Project Type (EGP Million), 2014-2023
        • Project analytics
          • Table Figure 23: Egypt, Institutional Construction Projects Pipeline, Value by Stage (EGP Million)
          • Table Figure 24: Egypt, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (EGP Million), 2018-2023
          • Table Egypt, Top Institutional Construction Projects by Value
      • Residential Construction
        • Outlook
          • Table Figure 25: Egypt, Residential Construction Output by Project Type (EGP Million), 2014-2023
        • Project analytics
          • Table Figure 26: Egypt, Residential Construction Projects Pipeline, Value by Stage (EGP Million)
          • Table Figure 27: Egypt, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (EGP Million), 2018-2023
          • Table Egypt, Top Residential and Mixed-Use Construction Projects by Value
    • Key Industry Participants
      • Contractors
        • Table Egypt, Key Contractors
        • Table Figure 28: Egypt, Headquarters of Key Contractors (% of Total Project Pipeline)
        • Table Figure 29: Egypt, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
      • Consultants
        • Table Egypt, Key Consultants
        • Table Figure 30: Egypt, Headquarters of Key Consultants (% of Total Project Pipeline)
        • Table Figure 31: Egypt, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)
    • Appendix
      • What is this Report About?
      • Definitions
        • Table GlobalData Construction Market Definitions
        • Table Construction Risk Index Ratings and Scores
    • About GlobalData
      • GlobalData at a Glance
        • Table Figure 32: GlobalData at a Glance
      • GlobalData Construction
      • Disclaimer
      • Contact Us

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