Egypt Construction Market Report 3Q 2024
Economic overview
Dashboard
Figure 1
Quarterly values are average values of parameters over each quarter.
Data obtained from www.tradingeconomics.com, www.cbe.org.eg, www.egx.com.eg and www.investing.com.
Egyptian pound (EGP) to US dollar (USD)
During 3Q 2024, the average value of USD against EGP has slightly increased, recording an average of EGP 48.5. The USD exchange rate is expected to remain stable against the EGP in the next quarter.
EGP to euro (EUR)
During 3Q 2024, the EUR exchange rate increased against the EGP, recording an average of EGP 53. The value of the EUR exchange rate is expected to remain stable against the EGP in the next quarter.
EGP to British pound sterling (GBP)
During 3Q 2024, the GBP exchange rate increased against the EGP, recording an average of EGP 63.5. The value of the GBP exchange rate is expected to remain stable against the EGP in the next quarter.
Marassi Resort — Gleeds provided Quantity Surveying/Cost Management services.
Egyptian stock market
Data obtained from www.investing.com.
The EGX 30, the Egyptian stock market indicator, measures the performance of the top 30 traded companies on the Egyptian stock exchange. During 3Q 2024, the EGX 30 indicator increased, recording an average of 29,614.80 points.
Central bank interest rates
From www.tradingeconomics.com.
The Central Bank of Egypt (CBE) makes decisions regarding interest rate values. The official interest rate is the overnight deposit rate. During 3Q 2024, the interest rate remained stable. However, it is expected to decrease during the next quarter.
Consumer price index (CPI)
From www.tradingeconomics.com.
The consumer price index (CPI) measures the increase in prices consumers pay for everyday goods and services. During 3Q 2024, CPI increased to an average of 222 points compared to 219 index points in the previous quarter. Forecasts suggest it will decrease during the next quarter.
Foreign exchange reserves
The CBE reports foreign exchange reserves in Egypt. These are the foreign assets held or controlled by the CBE. The reserves generally finance the balance of payments and control exchange rates. During 3Q 2024, Egypt's foreign exchange reserves increased, recording an average of USD 46 billion. Forecasts indicate the foreign exchange reserves will gradually increase in the next quarter.
From www.tradingeconomics.com.
Almaza City Centre, Cairo — Gleeds provided Quantity Surveying/Cost Management services.
