"Vic"The construction sector in Egypt will witness strong growth in 2025 with a continued positive outlook
The Information and Decision Support Center in the Council of Ministers has highlighted the expectations of the BMI company, affiliated to the Fitch Solichns, which indicates that the construction sector in Egypt will witness strong growth in 2025, with this positive view continuing in the long run, due to urbanization trends, population growth, and strong infrastructure development efforts by the government and the private sector, where the construction sector is expected to grow in Egypt in the financial two years 2024 – 2025 and 2025 – 2026 by 6.8% and 6.9%, respectively, compared to a growth of 5.7% in the fiscal year 2023 – 2024.
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indicated that these positive expectations enhance the increased demand for infrastructure and housing as a result of urbanization and population growth, in addition to the strategic location For Egypt in World Trade, it will contribute to attracting investments in industrial infrastructure, and will support government initiatives to diversify the economy and attract foreign investments, new projects in the energy sector, tourism growth, and the growth of the construction sector in the long term. Regional and revenue declining as a result of the decline in the rates of transit movement in the Suez Canal, but the construction sector in Egypt achieved a relatively good performance, as it recorded a real growth of 5.7% in 2023 – 2024, despite its slowdown compared to 7% in the fiscal year 2022 – 2023.
The report stated that in the long run, the construction sector is expected to witness a strong growth of 6.1% On an annual basis between 2025 and 2034, which reflects the impact of strategic investments in infrastructure, and despite this, growth will remain less than the historical growth rates of the sector, which reached average of 9.9% between 2015 and 2019, and there is a possibility to achieve higher growth if the Egyptian government succeeds in implementing its ambitious projects to develop infrastructure and urban development.
and noted that successful implementation For reforms that aim to enhance the participation of private sector and increase competitiveness, it will improve the business environment, which will have a positive impact on private infrastructure investments.
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