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Written by Rahul Singh » Updated on: July 10th, 2024
The latest report by IMARC Group, titled "Egypt Construction Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032," offers a comprehensive analysis of the construction market share in Egypt. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The Egypt construction market is projected to exhibit a growth rate (CAGR) of 9.00% during 2024-2032.
Egypt Construction Market Trends:
The Egypt construction market is primarily driven by the government's substantial investment in public infrastructure as part of its economic development plans. In line with this, the growing number of new urban developments, such as the New Administrative Capital, are providing an impetus to the market. Moreover, the increasing need for residential housing driven by the population growth is acting as a significant growth-inducing factor for the market. In addition to this, the rise in foreign direct investment in energy and transport sectors is resulting in a higher investment in construction projects.
Besides this, the enhancement of local manufacturing capabilities in construction materials due to import substitution policies is creating lucrative opportunities in the market. Also, the increasing demand for commercial real estate due to economic reforms is impacting the market positively. The market is further driven by the upgrading of tourism facilities and historical site preservation.
Request to Get the Sample Report: https://www.imarcgroup.com/egypt-construction-market/requestsample
Egypt Construction Market Scope & Growth Analysis:
The scope of the Egypt construction market is expanding as developers focus on integrating digital technologies and building information modeling (BIM) in project management, enhancing precision and efficiency in construction. As per the market analysis, the emphasis on sustainable and green building practices is broadening the market’s sustainability focus. Furthermore, the government's initiatives to improve housing affordability are widening the market's base, providing accessible housing solutions to a broader segment of the population.
Additionally, the expansion of transport and logistics infrastructure in anticipation of increased trade activity along the Suez Canal is extending the market's operational dimensions. The introduction of public-private partnerships as a means to fund and expedite construction projects is also modifying the competitive landscape, fostering innovation and investment opportunities in the sector.
Egypt Construction Market Segmentation:
Sector Insights:
Regional Insights:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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