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Information Name: | Egypt "rebuild" - building materials import surge |
Published: | 2015-01-16 |
Validity: | 365 |
Specifications: | 0 |
Quantity: | 0.00 |
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Detailed Product Description: | With the construction market in the Middle East in recent years of rapid growth, the region's largest single market in Egypt. In the 21st century, the construction industry in Egypt has moved up to No. 36 in the world, market share reached 59.2 billion US dollars, the domestic construction investment is accounted for 48.2% of the overall proportion. According HOMELIFE statistics: over the next two years, the Egyptian government will spend $ 323 million for the construction of the Metro, the city's new transportation system will connect downtown Cairo and surrounding cities. Meanwhile, due to the development of tourism in the country, will bring $ 2.56 billion in market demand for their construction. In the 2014/2015 fiscal year, the Egyptian government total investment will reach 50 billion Egyptian pounds, and continue to implement an expansionary fiscal policy, after the government has already issued 29.7 billion Egyptian pounds and 34 billion Egyptian pounds in the economic stimulus plan aimed at developing labor-based projects, stimulating employment and promoting economic recovery. After the ups and downs experienced political unrest, Egypt will spend $ 40 billion for the construction of the country's young 1 million in affordable housing. In addition, to stimulate the development of the economy, the Egyptian government plans to create nine provincial infrastructure projects, a total of 391.6 million Egyptian pounds. The main projects include: Asyut Governorate Waterworks reconstruction project, worth 50 million Egyptian pounds; sewage treatment plant construction project Agami city of Alexandria, worth 90 million Egyptian pounds; Alexandria Borg city sewer construction project, worth 50 million LE; and are located in the western province of Sohag Governorate of two sewer construction project, worth 50 million Egyptian pounds; Gaile You save more than three highway reconstruction project, worth 30 million Egyptian pounds; Gaile You than Plaza project, the value of 26.6 million Egyptian pounds; Cairo road reconstruction and sewer construction projects worth 85 million Egyptian pounds. These large-scale construction works of the Egyptian domestic demand for imported building materials surge. Chinese enterprises have set on this "fertile ground" ready go. By HOMELIFE platform as a springboard into Egypt building materials market and gain market share. According HOMELIFE Chinese customs statistics, in 2013 China's exports of building materials in Egypt totaled $ 145 million, compared to 124 million in 2011 increased by 17% in Egypt Business Council, Egypt Exhibition Authority (EECA) and local business associations hope HOMELIFE see more Chinese enterprises to provide imported building materials, at the same time, Egypt, Sudan, Cameroon and other neighboring countries and regions Chinese buyers are in urgent need of kitchen supplies; bathroom supplies; kitchen hardware accessories; building panels; wallpaper; wall covering; tiled floors; decoration systems and other imported building materials. For more information, please visit: www.egypthomelife.com.cn. More Egyptian textile market reports, such as "Egypt Building Materials Buyers List", "Egyptian Building Materials Market Report 2004-2013", "China's building materials business investment prospects in Egypt", etc., please email: jinqin@meorient.com |
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Technical support: ShenZhen AllWays Technology Development Co., Ltd.
AllSources Network's Disclaimer: The legitimacy of the enterprise information does not undertake any guarantee responsibility