Construction in Egypt - Key Trends and Opportunities to 2018

Published: May, 2014 | Pages: 74 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)


Synopsis
This report provides detailed market analysis, information and insights into the Egyptian construction industry including:
The Egyptian construction industry's growth prospects by market, project type and type of construction activity
Analysis of equipment, material and service costs across each project type within Egypt
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Egyptian construction industry
Profiles of leading operators in the Egyptian construction industry
Data highlights of the largest construction projects in Egypt 

Summary
During the review period (2009?2013), the Egyptian construction industry increased in value at a compound annual growth rate (CAGR) of 13.78%. This was supported by public and private investments in Egyptian infrastructural and commercial construction projects. The participation of the private sector through public-private partnerships (PPPs) has also helped to support construction activities in the country. Political and social uncertainties, however, are expected to lead to comparatively moderate growth rates over the forecast period (2014?2018), compared to the review period. Moreover, the industry's output growth rate is expected to remain in the range of 13% to 15% over the forecast period, owing to high inflation rates. The construction industry's output is expected to record a CAGR of 14.50% over the forecast period. 
Scope
This report provides a comprehensive analysis of the construction industry in Egypt. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Egypt using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in Egypt 
Reason To Buy
 Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level with over 600 time-series data forecasts
Understand the latest industry and market trends
Formulate and validate business strategies using Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors  
Key Highlights
 Construction is one of the most important industries in the Egyptian economy, contributing 7% to the country's GDP. Egypt's construction industry registered low growth during the period of political turmoil in the country. According to the Central Bank of Egypt (CBE), the construction industry's output (in real terms) rose by only 2.9% in 2011?2012 and 4.9% in 2012?2013. Owing to political and social turbulence, deterioration in the business environment and high unemployment rates, the construction industry is expected to remain weak in the short term. However, overall outlook for construction in Egypt over the forecast period remains positive.  
Industrial construction will be supported by various refinery building projects. Egypt is the largest oil refinery center in Africa, with a combined processing capacity of 975,000 barrels per day (bpd) across 10 refineries. The government has plans to increase production of lighter products, petrochemicals and higher-octane gasoline by expanding and upgrading existing facilities and encouraging new projects. Plans to expand the country's combined processing capacity by over 600,000 bpd by 2016 are expected to support and sustain the refinery building construction category over the forecast period. Moreover, in a bid to increase the country's annual fuel output, the Egyptian Minister of Petroleum announced its plan to invest US$18 million until 2017, in order to construct new refineries and modify existing refineries. 
The residential construction market is expected to expand over the forecast period, mainly driven by a rising population and increasing levels of urbanization. Egypt is one of the most populous countries in Africa and the Middle East, and according to the International Monetary Fund (IMF), Egypt's population rose by 10.7%, from 75.2 million people in 2008 to 84.2 million in 2013. The country's urbanization rate increased from 42.8% in 2001 to 43.7% in 2012. This trend is set to continue, driving up the demand for new housing. 
A shortage of raw materials, an uncertain political environment, price controls and excessive government interference in the operation of key industries are among the main obstacles likely to deter the expansion of construction and manufacturing industries over the forecast period. Owing to political and social turbulence, the GDP real growth rate was only 2.2% in 2012, slumping to 1.8% in 2013.  
According to CBE figures, the country has registered a steep rise in inflation rates. The consumer price index in the country increased by 13% annually in November 2013, compared with the same period in 2012. With high inflation, a deteriorating business environment and devaluation of the local currency, the real growth rate of the construction industry's output is expected to remain weak over the forecast period.

 1 Executive Summary
2 Market Overview
2.1 Key Trends and Issues
2.2 Benchmarking by Market Size and Growth
3 Commercial Construction
3.1 Performance Outlook
3.2 Key Trends and Issues
3.3 Data and Project Highlights
4 Industrial Construction
4.1 Performance Outlook
4.2 Key Trends and Issues
4.3 Data and Project Highlights
5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Trends and Issues
5.3 Data and Project Highlights
6 Institutiol Construction
6.1 Performance Outlook
6.2 Key Trends and Issues
6.3 Data and Project Highlights
7 Residential Construction
7.1 Performance Outlook
7.2 Key Trends and Issues
7.3 Data and Project Highlights
8 Company Profile: Orascom Construction Industries S.A.E.
8.1 Orascom Construction Industries S.A.E. - Company Overview
8.2 Orascom Construction Industries S.A.E. - Business Description
8.3 Orascom Construction Industries S.A.E. - Main Products and Services
8.4 Orascom Construction Industries S.A.E. - History
8.5 Orascom Construction Industries S.A.E. - Company Information
8.5.1 Orascom Construction Industries S.A.E. - key competitors
8.5.2 Orascom Construction Industries SAE. - key employees
9 Company Profile: The Arab Contractors Osman Ahmed Osman & Co
9.1 The Arab Contractors Osman Ahmed Osman & Co - Company Overview
9.2 The Arab Contractors Osman Ahmed Osman & Co - Business Description
9.3 The Arab Contractors Osman Ahmed Osman & Co - Main Products and Services
9.4 The Arab Contractors Osman Ahmed Osman & Co - History
9.5 The Arab Contractors Osman Ahmed Osman & Co - Company Information
9.5.1 The Arab Contractors Osman Ahmed Osman & Co - key competitors
9.5.2 The Arab Contractors Osman Ahmed Osman & Co - key employees
10 Company Profile: Madinet sr for Housing and Development
10.1 Madinet sr for Housing and Development - Company Overview
10.2 Madinet sr for Housing and Development - Main Services
10.3 Madinet sr for Housing and Development - Company Information
10.3.1 Madinet sr for Housing and Development - key competitors
10.3.2 Madinet sr for Housing and Development - key employees
11 Company Profile: Hassan Allam Holding
11.1 Hassan Allam Holding - Company Overview
11.2 Hassan Allam Holding - Main Services
11.3 Hassan Allam Holding - Company Information
11.3.1 Hassan Allam Holding V - key competitors
11.3.2 Hassan Allam Holding - key employee
12 Company Profile: Engineering for the Petroleum & Process Industries
12.1 Engineering for the Petroleum & Process Industries - Company Overview
12.2 Engineering for the Petroleum & Process Industries - Main Services
12.3 Engineering for the Petroleum & Process Industries - Company Information
12.3.1 Engineering for the Petroleum & Process Industries - key competitors
12.3.2 Engineering for the Petroleum & Process Industries - key employees
13 Market Data Alysis
13.1 Construction Output and Value Add
13.1.1 Construction output by project type
13.1.2 Construction output by cost type
13.1.3 Construction output by activity type
13.1.4 Construction value add by project type
13.2 Commercial Construction
13.2.1 Commercial construction output by project type
13.2.2 Commercial construction output by cost type
13.2.3 Commercial construction output by activity type
13.2.4 Commercial construction value add by project type
13.3 Industrial Construction
13.3.1 Industrial construction output by project type
13.3.2 Industrial construction output by cost type
13.3.3 Industrial construction output by activity type
13.3.4 Industrial construction value add by project type
13.4 Infrastructure Construction
13.4.1 Infrastructure construction output by project type
13.4.2 Infrastructure construction output by cost type
13.4.3 Infrastructure construction output by activity type
13.4.4 Infrastructure construction value add by project type
13.5 Institutiol Construction
13.5.1 Institutiol construction output by project type
13.5.2 Institutiol construction output by cost type
13.5.3 Institutiol construction output by activity type
13.5.4 Institutiol construction value add by project type
13.6 Residential Construction
13.6.1 Residential construction output by project type
13.6.2 Residential construction output by cost type
13.6.3 Residential construction output by activity type
13.6.4 Residential construction value add by project type
14 Appendix
14.1 What is this Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric's Services
14.8 Disclaimer


List of Tables
Table 1: Benchmarking with Other Major Construction Industries
Table 2: Commercial Construction Project 1 - MAF - Mall of Egypt - Cairo
Table 3: Commercial Construction Project 2 - V1/Carrera - V1 Palo Verde Sport and Mari Complex - Egypt
Table 4: Commercial Construction Project 3 - Qatari Diar - Sharm El Sheikh Resort Development - South Sii Governorate
Table 5: Industrial Construction Project 1 - ETHYDCO - Alexandria Ethylene Manufacturing Plant - Egypt
Table 6: Industrial Construction Project 2 - EZZ Steel - Ain Sokh Steel Complex - Egypt
Table 7: Industrial Construction Project 3 - GoM - Wadi Al-Sarariya Marble and Stone Manufacturing Facility - Minya Governorate
Table 8: Infrastructure Construction Project 1 - T - Metro Rail Expansion: Line 3 - Cairo
Table 9: Infrastructure Construction Project 2 - T - Metro Rail Expansion: Line IV - Cairo
Table 10: Infrastructure Construction Project 3 - MTS - Safaga Industrial Port Development - Egypt
Table 11: Institutiol Construction Project 1 - TMGH - Madity City Mixed-Use Development: Educatiol Facilities - Cairo
Table 12: Institutiol Construction Project 2 - SCA - Grand Egyptian Museum - Giza
Table 13: Institutiol Construction Project 3 - UoA - Alexandria Hospitals Development - Egypt
Table 14: Residential Construction Project 1 - MoD - Affordable Housing Development - Egypt
Table 15: Residential Construction Project 2 - TMG - Madity City Residential Development - Cairo
Table 16: Residential Construction Project 3 - TMG - Al Rehab City Development - Cairo
Table 17: Orascom Construction Industries S.A.E., Key Facts
Table 18: Orascom Construction Industries S.A.E., Main Products and Services
Table 19: Orascom Construction Industries S.A.E., History
Table 20: Orascom Construction Industries SAE., Key Employees
Table 21: The Arab Contractors Osman Ahmed Osman & Co, Key Facts
Table 22: The Arab Contractors Osman Ahmed Osman & Co, Main Products and Services
Table 23: The Arab Contractors Osman Ahmed Osman & Co, History
Table 24: The Arab Contractors Osman Ahmed Osman & Co, Key Employees
Table 25: Madinet sr for Housing and Development, Key Facts
Table 26: Madinet sr for Housing and Development, Main Services
Table 27: Madinet sr for Housing and Development, Key Employees
Table 28: Hassan Allam Holding, Key Facts
Table 29: Hassan Allam Holding, Main Services
Table 30: Hassan Allam Holding, Key Employee
Table 31: Engineering for the Petroleum & Process Industries, Key Facts
Table 32: Engineering for the Petroleum & Process Industries, Main Services
Table 33: Engineering for the Petroleum & Process Industries, Key Employees
Table 34: Egyptian Construction Output by Project Type (EGP Million), 2009-2013
Table 35: Egyptian Construction Output by Project Type (EGP Million), 2013-2018
Table 36: Egyptian Construction Output by Cost Type (EGP Million), 2009-2013
Table 37: Egyptian Construction Output by Cost Type (EGP Million), 2013-2018
Table 38: Egyptian Construction Output by Activity Type (EGP Million), 2009-2013
Table 39: Egyptian Construction Output by Activity Type (EGP Million), 2013-2018
Table 40: Egyptian Construction Value Add by Project Type (EGP Million), 2009-2013
Table 41: Egyptian Construction Value Add by Project Type (EGP Million), 2013-2018
Table 42: Egyptian Commercial Construction Output by Project Type (EGP Million), 2009-2013
Table 43: Egyptian Commercial Construction Output by Project Type (EGP Million), 2013-2018
Table 44: Egyptian Commercial Construction Output by Cost Type (EGP Million), 2009-2013
Table 45: Egyptian Commercial Construction Output by Cost Type (EGP Million), 2013-2018
Table 46: Egyptian Commercial Construction Output by Activity Type (EGP Million), 2009-2013
Table 47: Egyptian Commercial Construction Output by Activity Type (EGP Million), 2013-2018
Table 48: Egyptian Commercial Construction Value Add by Project Type (EGP Million), 2009-2013
Table 49: Egyptian Commercial Construction Value Add by Project Type (EGP Million), 2013-2018
Table 50: Egyptian Industrial Construction Output by Project Type (EGP Million), 2009-2013
Table 51: Egyptian Industrial Construction Output by Project Type (EGP Million), 2013-2018
Table 52: Egyptian Industrial Construction Output by Cost Type (EGP Million), 2009-2013
Table 53: Egyptian Industrial Construction Output by Cost Type (EGP Million), 2013-2018
Table 54: Egyptian Industrial Construction Output by Activity Type (EGP Million), 2009-2013
Table 55: Egyptian Industrial Construction Output by Activity Type (EGP Million), 2013-2018
Table 56: Egyptian Industrial Construction Value Add by Project Type (EGP Million), 2009-2013
Table 57: Egyptian Industrial Construction Value Add by Project Type (EGP Million), 2013-2018
Table 58: Egyptian Infrastructure Construction Output by Project Type (EGP Million), 2009-2013
Table 59: Egyptian Infrastructure Construction Output by Project Type (EGP Million), 2013-2018
Table 60: Egyptian Infrastructure Construction Output by Cost Type (EGP Million), 2009-2013
Table 61: Egyptian Infrastructure Construction Output by Cost Type (EGP Million), 2013-2018
Table 62: Egyptian Infrastructure Construction Output by Activity Type (EGP Million), 2009-2013
Table 63: Egyptian Infrastructure Construction Output by Activity Type (EGP Million), 2013-2018
Table 64: Egyptian Infrastructure Construction Value Add by Project Type (EGP Million), 2009-2013
Table 65: Egyptian Infrastructure Construction Value Add by Project Type (EGP Million), 2013-2018
Table 66: Egyptian Institutiol Construction Output by Project Type (EGP Million), 2009-2013
Table 67: Egyptian Institutiol Construction Output by Project Type (EGP Million), 2013-2018
Table 68: Egyptian Institutiol Construction Output by Cost Type (EGP Million), 2009-2013
Table 69: Egyptian Institutiol Construction Output by Cost Type (EGP Million), 2013-2018
Table 70: Egyptian Institutiol Construction Output by Activity Type (EGP Million), 2009-2013
Table 71: Egyptian Institutiol Construction Output by Activity Type (EGP Million), 2013-2018
Table 72: Egyptian Institutiol Construction Value Add by Project Type (EGP Million), 2009-2013
Table 73: Egyptian Institutiol Construction Value Add by Project Type (EGP Million), 2013-2018
Table 74: Egyptian Residential Construction Output by Project Type (EGP Million), 2009-2013
Table 75: Egyptian Residential Construction Output by Project Type (EGP Million), 2013-2018
Table 76: Egyptian Residential Construction Output by Cost Type (EGP Million), 2009-2013
Table 77: Egyptian Residential Construction Output by Cost Type (EGP Million), 2013-2018
Table 78: Egyptian Residential Construction Output by Activity Type (EGP Million), 2009-2013
Table 79: Egyptian Residential Construction Output by Activity Type (EGP Million), 2013-2018
Table 80: Egyptian Residential Construction Value Add by Project Type (EGP Million), 2009-2013
Table 81: Egyptian Residential Construction Value Add by Project Type (EGP Million), 2013-2018
Table 82: Timetric Construction Market Definitions