Complex Made Simple

Egypt’s construction sector operations increase 11.8 per cent in two years

Total value of residential buildings increased by 24.5 per cent to EGP1.055bn in 2013-2014

The total value of construction operations implemented by the public sector and public business companies in Egypt amounted to EGP15.7 billion in 2013-2014, reveals a senior official.

Abu Bakr Al Jundi, head of the Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS), says this represents an increase of 11.8 per cent, compared with EGP14bn in 2012-2013, reports Egypt-based Cash News Agency.

The data released by the agency on Saturday confirm the increase in the total value of residential buildings by 24.5 per cent to EGP1.055bn in 2013-2014, compared with EGP847 million in 2012-2013.

The value of health buildings decreased by 30.5 per cent to reach EGP154mn in 2013-2014, compared with EGP222m in 2012-2013.

The agency’s data also show that the value of educational buildings’ increased by 16.1 per cent to reach EGP599m in 2013-2014, compared with EGP516m in 2012-2013.

The total value of roads, bridges and tunnels rose by 35.4 per cent to reach EGP5.7bn in 2013-2014, in comparison to EGP4.2bn in 2012-2013, it adds.

The Agency’s data reveal that the value of stations and power grids and transformers increased by 10.9 per cent to reach EGP490m in 2013-2014, compared with EGP441m in 2012-2013.

(EGP1 = $0.13, at the time of publishing)