Page 19 - TRIMBLE PR REPORT - December 2023

Egypt’s approach to infrastructure development goes

beyond just expanding transportation networks and

building new hotels. It places a strong emphasis on
preservation and enhancement of its wealth of historical

and archaeological treasures. Infrastructure projects in

the nation also include restoration and ongoing

maintenance of ancient sites. Additionally, the country

has been dedicated to creating visitor centres that offer

sustainable, educational and enjoyable experiences for
tourists. The unique approach opens up significant

opportunities for real estate developers and construction

planners to engage in long-term projects that contribute

to Egypt’s cultural heritage and sustainable tourism

industry.

Investments in Egypt

Apart from the government’s dedication to develop the

country’s infrastructure, Egypt has secured a position as
an attractive investment destination in the MENA region.

The country received over USD 9.2 billion in financial

support for 144 projects from the European Bank for

Reconstruction and Development. This reflects the

investors’ confidence in the construction sector of the
country, which has grown considerably in the past

decade. According to reports, Egypt’s construction

market size is projected to grow from USD 46.85 billion

in 2023 to USD 70.09 billion by 2028, at a CAGR of 8.9

per cent during the forecast period.

In light of the high population and low rate of urban

infrastructure, Egypt has constructed 24 cities in the

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