Please Wait.....
Report
Egypt Residential Construction - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2020 - 2029
Market Report I 2024-02-17 I 150 Pages I Mordor Intelligence
The Egypt Residential Construction Market size is estimated at USD 18.75 billion in 2024, and is expected to reach USD 26.73 billion by 2029, growing at a CAGR of 7.34% during the forecast period (2024-2029).
Key Highlights
-Egypt's home market made an unexpected comeback, aided by the government's recent strict economic reforms, notably the recent relaxation of the country's foreign land ownership laws. In the year to Q1 2021, the national real estate price index grew by 28.3% (22.6% Inflation-adjusted), compared to a 30.8% fall in the same period in 2020. It is an effort to stimulate the housing industry,
-Egypt's president recently eliminated the remaining restrictions on foreign ownership of land and property. The president also permitted the government, Egypt's largest landowner, to use its property for public-private partnerships. These advances and fundamentally strong local demand are now supporting the housing market and the broader economy.
-Housing demand rose rapidly due to a consistent population increase, with 383,000 houses built between 2005 and 2014 and 1.5 million units built between 2014 and 2021.
Egypt Residential Construction Market Trends
Government Investment and Initiatives in the Residential Sector is Supporting the Market
In December 2022, Egypt's Urban Development Fund (UDF) began a nationwide massive urban housing project of EGP 600 billion (USD 20.11 Billion). The project entails building 230 urban areas in governorate capitals and important cities around the nation, totaling more than 14,422 acres. Thirty-five sites totaling 1,750 acres would be developed urgently, 60 sites totaling 2,600 acres would be developed on a priority basis, and the other 135 sites totaling 10,149 acres would be developed on a second priority basis. The whole project would be completed in five years.
In December 2022, the government completed by 83%. A project aimed at introducing more residential units in governorate capitals, with 1,272 units created in Upper Egypt at the cost of EGP 1.3 billion (USD 440 Million). In addition, a slum neighborhood known as "Al Dresa and Samakin" in Sohag is built by constructing 4,940 alternative-housing units in the exact location.
Also, Egypt's National Social Housing Program seeks to make it simpler for low-income families to own their own houses, giving better stability and aiding in the poverty cycle breakup. However, a lesser-known advantage of the program is that it addresses climate change by promoting energy-efficient and ecologically friendly building methods. The Social Homes Program (formerly known as "Housing For All"), which aims to provide low-income households with affordable housing, is no exception. It is Egypt's first national green building effort and the region's first green social housing initiative. The program implements the Green Pyramid Rating System (GPRS), which scores at least seven areas when a building is erected.
Relocation Of Egypt's Capital Increased Demand For Housing
The new city would be 45 km from the existing capital. The statement surprised Egyptians and others worldwide because Cairo is not only the Arab world's largest metropolis but also a critical cultural and historical landmark. It is also one of the world's most popular tourist sites. Thus it is usually buzzing with visitors. According to the Egyptian government, Cairo became congested, and a "new administrative capital" was a way to relieve pressure in the city. According to the plan, the new city will be established in an underdeveloped part of the Cairo Governorate and will serve as Egypt's administrative and financial capital.
The government intends to close Cairo's overcrowded and destitute slums by 2030 by relocating people's inexpensive housing to the new metropolis. The administration stated they intended to build a new parliament and presidential palace in the new city and many residential zones to accommodate Cairo's population. Around 5,000 of the 20,000 dwelling units were sold in the first residential district. The finished city is expected to house at least 6 million residents, its second and third phases primarily residential.
Egypt Residential Construction Industry Overview
The Egyptian construction market is fragmented, with numerous global, regional, and local competitors. The market is very competitive, with several chances for private enterprises. The government is assisting the sector by cooperating with private enterprises to pursue different low-income housing programs.
Orascom Construction, BIC for Contracting & Construction, Detac, Palm Hills Developments, The Arab Contractors, and others are among the market's significant participants.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Government Regulations and Initiatives
4.7 Technological Trends
4.8 Impact of COVID-19 on the Market
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Apartment & Condominiums
5.1.2 Villas
5.1.3 Other Types
5.2 By Construction Type
5.2.1 New Construction
5.2.2 Renovation
6 COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Orascom Construction
6.2.2 BIC Contracting & Construction
6.2.3 Consolidated Contractors Company
6.2.4 Detac
6.2.5 Palm Hills Developments
6.2.6 The Arab Contractors
6.2.7 H.A.Construction (H.A.C)
6.2.8 El Megharbel Construction
6.2.9 Redcon Construction
6.2.10 GAMA Constructions*
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 APPENDIX
8.1 Macroeconomic Indicators (GDP Distribution, by Activity)
8.2 External Trade Statistics - Exports and Imports, by Product
8.3 Insights into Key Export Destinations and Import Origin Countries
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security