We have revised our ---- construction sector growth forecast upward to -.- from - on the back of recently released data that indicates that Egypt s construction sector expanded faster than anticipated in Q- ----. Our longer term outlook into ---- and beyond is likewise increasingly optimistic, with growth expected to average -.- over the next five years as external funding provides support for Egypt s burgeoning infrastructure project pipeline. ...We have revised our ---- construction sector growth forecast upward to -.- from - on the back of recently released data that indicates that Egypt s construction sector expanded faster than anticipated in Q- ----. Our longer term outlook into ---- and beyond is likewise increasingly optimistic, with growth expected to average -.- over the next five years as external funding provides support for Egypt s burgeoning infrastructure project pipeline. The International Monetary Fund (IMF) announced in August that it had reached an agreement to extend a USD--bn loan to Egypt in an effort to shore up the country s deteriorating fiscal position. ...The Dairut plant, which is estimated to involve an investment of USD-.-bn, will be built on a ---,---sq m area and will have three units of ---MW each. Meanwhile, the Suez gulf wind plant will be set up at a cost of USD---mn.
...We expect Egypt s substantial infrastructure deficit, the result of years of political unrest and a legacy of underinvestment, to lay the foundation for sustained growth and offer significant scope for contract opportunities going forward. Demographic pressures will continue to exacerbate this trend, as Egypt s growing population (-- of which is under the age of --) becomes increasingly urbanised and strains the country s existing transport, utility, and residential infrastructure. ...Demographic pressures will continue to exacerbate this trend, as Egypt s growing population (-- of which is under the age of --) becomes increasingly urbanised and strains the country s existing transport, utility, and residential infrastructure. The issue is particularly acute in Egypt s residential sector, where a population surge in the congested downtown areas of Cairo and other cities has contributed to an estimated housing shortage of -.-m units as of ---- (see, Housing Projects Support Construction Sector, June --, ----). The country is also in the grip of a severe water crisis, with the dwindling waters of the Nile unable to keep pace with population growth ...The issue is particularly acute in Egypt s residential sector, where a population surge in the congested downtown areas of Cairo and other cities has contributed to an estimated housing shortage of -.-m units as of ---- (see, Housing Projects Support Construction Sector, June --, ----). The country is also in the grip of a severe water crisis, with the dwindling waters of the Nile unable to keep pace with population growth
...We have revised our ---- construction sector growth forecast upwards to -.- to reflect an acceleration of construction activity and the disbursement of external funding. We expect broad-based growth across Egypt s construction spectrum over the long term, as Egypt s growing population increasingly strains the country s existing infrastructure. ...
