Egypt Construction Market Outlook (2024-2031): Growth, Trends & Forecast
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Egypt Construction Market is flourishing because of the government’s significant investments in large infrastructure development programs and rapid urban development across the country.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Egypt Construction Market size at USD 74.42 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects the Egypt Construction Market size to boom at a significant CAGR of 9.35% reaching a value of USD 139.13 billion by 2031. Favorable investments and programs by the government, such as building the New Administrative Capital City near Cairo, as well as growing demand for residential complexes due to increased housing demand are major growth factors for Egypt Construction Market. The growing adoption of automation solutions in the building sector is also projected to propel the Egypt Construction Market during the period in analysis.
Opportunity - Increasing investments in construction sector
Building and construction is one of the most lucrative sectors in Egypt. As a result, the sector has been significantly attracting major investments from the government, private players, and international investors. For instance, Abu Dhabi-based ADQ announced a USD 35-billion investment in the Ras El-Hekma development project on the North Coast of Egypt. The Egyptian Electricity Transmission Company (EETC) has also stated its large 10 GW clean power generation plan for setting up the USD 10-billion worth wind farm in West Suhag. Increasing investments in large infrastructure development projects are expected to boost the growth of Egypt Construction Market in the coming years.
Impact of Escalating Geopolitical Tensions on Egypt Construction Market
The geopolitical tensions could hinder the growth of the Egypt Construction Market. For instance, escalating geopolitical tensions in Israel and across the Middle East region have resulted in the disruptions of international shipping and supply chains of construction materials in Egypt as well. The hindrance to commercial shipping in the Red Sea and Gulf of Aden caused a significant spike in the cost of construction materials due to increased shipping costs which have disrupted the overall growth of the Egypt Construction Market.
Building & Construction Segment Leads Egypt Construction Market
Based on construction type, Egypt Construction Market is segmented into building & construction, new, renovation, and repair & maintenance. The building & construction segment accounts for the highest market share in Egypt Construction Market by construction type. The growth of the segment is mainly attributed to the increasing construction of residential and non-residential buildings. The increasing housing demand in the Kingdom owing to rising population and accessibility to housing loans is directly influencing the building and construction of residential buildings, which is propelling its market growth.
Competitive Landscape
Major players operating in the Egypt Construction Market include Concord Engineering & Contracting, Consolidated Contractors Company, Emaar Properties, Hassan Allam Holding, Gama Construction, Kharafi National, Madkour Group, Orascom Construction, Palm Hills Developments, and The Arab Contractors. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Scope of the Report:
By Sector
By Construction Type
By End User
Frequently Asked Questions (FAQs):
1. What is the current market size of Egypt Construction Market?
Ans: Egypt Construction Market size was estimated at USD 74.42 billion in 2024.
2. What is the expected CAGR of Egypt Construction Market during the forecast period?
Ans: Egypt Construction Market size is expected to grow at a CAGR of 9.35% during the forecast period between 2025 and 2031.
3. What is the forecast value of Egypt Construction Market by 2031?
Ans: Egypt Construction Market size is forecast to reach a value of USD 139.13 billion by 2031.
4. What are the major factors driving the growth of Egypt Construction Market?
Ans: Major factors driving the growth of the Egypt Construction Market include the government's significant investments in infrastructure, urban development, and rapid urbanization in Egypt.
5. Name the key players in Egypt Construction Market.
Ans: Key players in the Egypt Construction Market include Concord Engineering & Contracting, Consolidated Contractors Company, Emaar Properties, Hassan Allam Holding, Gama Construction, Kharafi National, Madkour Group, Orascom Construction, Palm Hills Developments, and The Arab Contractors.
6. Which is the leading segment in Egypt Construction Market by end user?
Ans: The public segment holds a larger market share in Egypt Construction Market by end user.
7. Which is the fastest-growing segment in Egypt Construction Market by construction type?
Ans: The building and construction segment is expected to grow at the fastest CAGR in the Egypt Construction Market by construction type between 2024 and 2031.
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