Egypt Construction - February 2023

Egypt was one of a few of countries that witnessed economic growth throughout the pandemic. Prime Minister Moustafa Madbouli has stressed that Egypt seeks to realise positive economic outlook during 2023. The IMF program is expected to catalyse funding of up to US$ 17 billion over three years to help cover Egypt’s financing gap, pending economic reforms. Given its high population numbers and low rate of existing urban infrastructure, there are several opportunities for real estate developers and construction planners to find and deliver long-term projects in Egypt. Rise in construction activity is also attributed to the private sector due to the government’s economic and structural reforms designed to improve the business environment.

This Ventures Onsite report provides insights into Egypt’s economy, budget, construction industry along with contractor awards and major projects.