Spending in Egypt's construction sector is expected to increase to USD 7.3 billion by 2015, according to Collaboration, Management and Control Solutions (CMCS), a leading provider of Project Portfolio Management solutions in the region. The continuous influx of foreign investments into the country combined with many government-initiated development programs that have focused on developing healthcare facilities and infrastructure are also expected to further bolster Egypt's economic development.
The country's residential construction segment will increase to USD 606 million in 2015. The increase is due to many key factors such as higher disposable incomes, development of new residential areas, and the implementation of new government policies to help create a stronger housing finance system for the country. Meanwhile, the country's non-residential construction segment is also expected to increase to USD 6.7 billion in 2015. The introduction of investment-friendly government policies and the move for more infrastructure development is expected to encourage more spending in this segment.
Source: www.zawya.com
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