Egypt’s construction industry is projected to grow at a CAGR of more than 8 per cent until 2029, global property services firm JLL said in a report, driven by increased government spending, active public-private partnerships, and continued investments in residential and mixed-use sectors. JLL said in its Egypt Construction Market Intelligence report that the North African country accounts for $515bn or 12 per cent of the MENA region’s unawarded project pipeline the prevailing national and global economic challenges. The value of residential projects in Egypt totalled around $36bn in Q1 2024,…
Egypt’s $50bn FDI sparks growth in tourism, housing construction
