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Egypt’s construction sector set for a multiyear boom despite inflation

Post on15 NOV 2022

Egypt’s construction sector set for a multiyear boom despite inflation and currency challenges

Egypt’s construction sector is set for a multiyear boom despite inflation and the depreciating currency, industry experts said.

“The construction sector boom will continue for not less than 10-15 years,” said Marwan Farid, Strategic Planning & Business Development Director, DMC  – CURVE Landscape while speaking at an event organised by Ventures Onsite.

“The Egyptian construction industry is expected to grow 12.3 percent to reach 472 billion Egyptian pounds ($23.98billion) this year with expectations to reach 620.9 billion pounds ($31.55 billion) by 2026,” said Phillip Higgins, Director of Sales Lead Management, Ventures Onsite.

 

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