Construction & real estate is a large-scale activity supervised by individuals and involves careful planning, designing, coordination and execution of infrastructure. It is an urban-based activity and is concerned with adding structure to a real estate property. There are many elements to be considered for the process of construction like determining the environmental impact of work, budgeting, availability of raw materials, logistics etc. This industry sector also involves repairing or renovation of an existing building.
A number of infrastructure projects are taking place in Egypt and the industry acquires Government investment. Despite the global financial crisis, construction in Egypt continues to be one of the largest sectors in the economy. Egypt's construction sector is expected to experience strong and stable growth between 2010 and 2014, with real construction industry value growing at an average of 4.91% year-on-year (y-o-y), rising to US$15.8bn in 2014. This is due to strong and sustainable demand for infrastructure projects, harnessed with high-levels of government investment and, more importantly, rising private investment, which will serve to power construction growth in the region's most populous country. The retail segment is expected to increase by 79.7% in local currency terms, from an expected EGP192.66bn (US$35.48bn) in 2012 to EGP346.29bn (US$63.77bn) by 2016, with long-term political stability the only question mark. Key factors behind the forecast growth in Egypt's retail sales are an extremely large and youthful population, the emergence of a more affluent middle class, a vibrant tourism industry and the growing acceptance of modern retail concepts.
We at Crowe Horwath Dr. A. M. Hegazy & Co. are committed to serving our clients by adhering to the best practices of the industry. We maintain a comprehensive network of associations that provide the full line of architecture and designing, infrastructure materials, execution and construction, safety, operation and maintenance services. Our team has the expertise required to assist clients in feasibility studies, all within the constraints of budget.