Egypt Construction Market Size (2024 - 2029)

The market size of the construction industry in Egypt is projected to grow significantly in the coming years, driven by factors such as active public-private partnerships, the rise of green buildings, and the need for high-end infrastructure. The government's substantial investments in the building industry, modernization of transportation systems, and focus on infrastructure development are also contributing to this growth. The Covid-19 pandemic has brought about changes in the industry's approach to digitalization, with increased adoption of adaptable and team-based working practices. Egypt, being the largest project market in Africa, has ambitious plans for infrastructure development, including high-speed trains and smart towns. The New Urban Communities Authority also plans to construct more cities with integrated services, further boosting the construction industry's market size.

Market Size of Egypt Construction Industry

Egypt Construction Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 50.78 Billion
Market Size (2029) USD 75.97 Billion
CAGR (2024 - 2029) 8.39 %
Market Concentration Low

Major Players

Egypt Construction Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Egypt Construction Market Analysis

The Egypt Construction Market size is estimated at USD 50.78 billion in 2024, and is expected to reach USD 75.97 billion by 2029, growing at a CAGR of 8.39% during the forecast period (2024-2029).

Egyptians have always seen the building industry as a safe shelter for their wealth. The previous ten years have seen a considerable increase in the sector. Active public-private partnerships, the proliferation of green buildings, and the need for high-end infrastructure will be the key drivers of this growth. For most Egyptians, investing in real estate has long been seen as a haven due to its consistent value growth.

The Egyptian government has made significant investments in the building industry. Additionally, the government is modernizing transportation systems, ports, and airports. The Ministry of Transportation is currently working on about 25 projects related to the railroad industry. The development of roads and providing enough transit between the cities are the government's primary priorities.

The Covid-19 pandemic has changed the construction industry's visualization of digitalization. The health issue forced the sector to adopt more adaptable and team-based working practices. Tools like architectural information modeling (BIM) and shared data environments have made this possible. However according to experts, needs and supportive rules for adopting digital tools become a long-term shift. Additionally, project sponsors must function as change agents.

Egypt is the largest project market in Africa and the third largest in the Middle East and North Africa (Mena), after Saudi Arabia and the United Arab Emirates (USD 1.3 trillion and USD 519 billion, respectively).

Egypt has revealed plans to build a high-speed train connecting the entire nation. As the prime contractor, Siemens was given a contract for this project with a value of USD 8.7 billion. According to the country's plans, up to 14 new smart towns could be built in Egypt. The Ministry of Housing claims that in less than two years, Egypt finished infrastructure projects valued at about LE 1.7 trillion (about USD 106.25 billion).

The New Urban Communities Authority (NUCA) intends to construct more cities with integrated educational, medical, retail, and leisure services. This organization is in charge of creating these new cities and tying them to existing infrastructure.

Egypt Construction Industry Segmentation

Construction includes any on-site physical work that involves erecting a structure, cladding, external finishing, formwork, fixtures, installing services, unloading equipment, supplies, or the like.

A complete background analysis of the Egypt Construction Market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, emerging trends in the market segments, market dynamics, geographical trends, and COVID-19 impact, is included in the report.

The Egypt construction market is segmented by sector (residential, commercial, industrial, transportation infrastructure, and energy and utilities).

The report offers market size and forecasts for the Egyptian construction market in value (USD) for all the above segments.

By Sector
Residential
Commercial
Industrial
Transportation Infrastructure
Energy and Utilities

Egypt Construction Market Size Summary

The Egyptian construction market has seen significant growth in recent years, driven by factors such as active public-private partnerships, the rise of green buildings, and demand for high-end infrastructure. The sector has traditionally been viewed as a safe investment due to its consistent value growth. The government has made substantial investments in the industry, focusing on modernizing transportation systems, ports, and airports. The Covid-19 pandemic has also led to changes in the industry, with a shift towards more adaptable, team-based working practices and the adoption of digital tools. The construction market in Egypt is the largest in Africa and the third largest in the Middle East and North Africa, following Saudi Arabia and the United Arab Emirates. The government has revealed plans for major projects such as a high-speed train and the construction of new smart towns. The New Urban Communities Authority (NUCA) is also planning to build more cities with integrated services. The market is highly competitive, with many global, regional, and local players, and the government is taking steps to support the sector through collaboration with private firms on various housing schemes.

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Egypt Construction Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Dynamics

      1. 1.2.1 Market Drivers

        1. 1.2.1.1 Increasing demand for green construction to reduce carbon footprint

        2. 1.2.1.2 Introduction of technology for manufactruing the of building construction material

      2. 1.2.2 Market Restraints

        1. 1.2.2.1 High cost of purchasing the equipment for development and manufacturing of various construction material

      3. 1.2.3 Market Opportunities

        1. 1.2.3.1 Rapid indutrialization, and urbanization leading to establisment for new construction projects

    3. 1.3 Value Chain / Supply Chain Analysis

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

    5. 1.5 Technological Innovations in the Construction Sector

    6. 1.6 Spotlight on the Construction Costs

    7. 1.7 Impact of Government Regulations and Initiatives on the Industry

    8. 1.8 Key Production, Consumption, Export and Import Statistics for Construction Materials

    9. 1.9 Spotlight on Prefabricated Buildings Market in Egypt

    10. 1.10 Insights on Key Distributors/Traders

    11. 1.11 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Sector

      1. 2.1.1 Residential

      2. 2.1.2 Commercial

      3. 2.1.3 Industrial

      4. 2.1.4 Transportation Infrastructure

      5. 2.1.5 Energy and Utilities

Egypt Construction Market Size FAQs

The Egypt Construction Market size is expected to reach USD 50.78 billion in 2024 and grow at a CAGR of 8.39% to reach USD 75.97 billion by 2029.

In 2024, the Egypt Construction Market size is expected to reach USD 50.78 billion.

Construction Industry in Egypt Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)