SOURCE: MarketResearch.com

MarketResearch.com

August 20, 2012 04:00 ET

Market Research Report Shows Egyptian Construction Market Growing Strong

ROCKVILLE, MD--(Marketwire - Aug 20, 2012) -  MarketResearch.com has announced the addition of "Construction in Egypt - Key Trends and Opportunities to 2016," to their collection of Commercial market reports. For more information, visit http://www.marketresearch.com/Timetric-v3917/Construction-Egypt-Key-Trends-Opportunities-7084362/

The Egyptian infrastructure construction market accounted for 45.8% of the total value of the Egyptian construction industry in 2011, recording a strong CAGR of 15.18% during the review period. This growth was primarily attributed to significant infrastructure investments made by the Egyptian government, including three stimulus packages, coupled with increased private investment in Egyptian infrastructure development. As a result of significant developments in road and energy infrastructure, the Egyptian infrastructure construction market is expected to record a CAGR of 9.90% over the forecast period.

Key Highlights

  • Egypt's economy is one of the largest in the Middle East and GDP valued EGP584 billion in 2011. The construction industry accounts for 4.7% of Egypt's GDP, making it one of the most important industries for the country's economic progress.
  • The Egyptian construction industry recorded a compound annual growth rate (CAGR) of 14.35% during the review period (2007-2011), with steady economic growth and business-friendly policies making the country increasingly attractive to foreign investors.
  • The growth in the construction industry was driven by significant infrastructure investments made by the Egyptian government, including three stimulus packages, coupled with increased private investment in Egyptian infrastructure development.
  • Egypt has a growing need for new homes, hospitals, schools, infrastructure and sewage works.

For more information, visit http://www.marketresearch.com/Timetric-v3917/Construction-Egypt-Key-Trends-Opportunities-7084362/

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