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Political unrest, slow economic progress may affect Egyptian construction sector
August 3, 2011
By wmi
Though Egypt recorded a significant growth due to several economic reforms such as reduction in corporate income taxes, liberalization of foreign trade, boosting foreign investment and government stimulus packages, the country's industry growth is expected to be influenced by political unrest and slow economic growth.
The government plans to increase its annual infrastructure spending to 7% of GDP over the next five years, compared to 5.5% in 2010. The investments will primarily focus on roads, utilities and hospitals. Infrastructure construction, the largest construction market in Egypt will see investments as a result of the Egyptian government's Public Private Partnership Program (PPP).
The industrial, commercial, residential and institutional construction markets are expected to achieve moderate growth up to 2015.
All these and many more facts and figures in addition to an in-depth analysis can be found in the report The Future of Construction in Egypt to 2015: Continuing Political Unrest to Deter Future Construction Activity published by World Market Intelligence (WMI).
To access the complete report, please visit our premium subscription Construction Intelligence Center product www.worldmarketintelligence.com/ic/construction
Posted by wmi on August 3, 2011 6:50 AM
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