Successful bid price of residential ESS project in Egypt 2025

What is the construction market like in Egypt?

The Egyptian construction market exhibits a moderately concentrated landscape, with several large players like RAYA Holdings, Osman Group, Palm Hills Developments, and The Arab Contractors holding significant market share. However, a sizable number of smaller and medium-sized enterprises (SMEs) contribute to the overall market activity.

How much is Egypt's construction industry worth in 2022?

In 2022, the construction sector in Egypt achieved a remarkable milestone with over $36 billion worth of awarded projects. However, there was a decline in 2023, with a recorded award value of $15.9 billion overall, as recorded by MEED Projects.

What is the pipeline value of unawarded projects in Egypt?

Despite prevailing economic challenges, both locally and globally, the pipeline value of unawarded projects in Egypt and the wider MENA region remains significant. According to estimates by MEED Projects, the total pipeline value is projected to reach $3.9 trillion. Within this pipeline, Egypt holds a share of $515 billion (12%).

How has the construction industry changed in Egypt?

The construction industry in Egypt has undergone remarkable growth in the last decade, fuelled by the country’s visionary goals, public-private partnerships, emphasis on green buildings, development of infrastructure, and investments in residential and mixed-use sectors.

How much money does the construction sector make in Egypt?

Notably, within the construction sector, the residential sector accounted for $2.6 billion (16%), while the mixed-use sector accounted for $3.5 billion (22%). Despite prevailing economic challenges, both locally and globally, the pipeline value of unawarded projects in Egypt and the wider MENA region remains significant.

Which country has the highest value of Project Awards in 2022?

Additionally, MEED Projects recorded Egypt as having the highest value of project awards in 2022, reaching $36 billion. However, in 2023, the value declined to $15 billion. Egypt has been navigating through ongoing economic challenges, leading to market volatility and a devaluation of the local currency.