Market Report, "Egypt Infrastructure Report Q3 2013", Published
Construction activity in Egypt continued to slow in FY2012, in line with our expectations it reported 3.3% year-on-year real growth. As the sector has continued to face significant challenges, we forecast even slower growth for FY2013 with 2.9%. We expect real growth to pick up again from 2016, maintaining an average annual growth of 5.3% to 2022. However, construction growth in Egypt is dependent upon demand for projects and foreign investment. Given the current unstable - and further deteriorating -...
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