Egypt Construction Market Report 4Q 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 4Q 2024, the average value of USD against EGP slightly increased, recording an average of USD 49.24 compared to 48.48 last quarter. Expectations are that the USD exchange rate will remain within this range against the EGP in the next quarter.
EGP to euro (EUR)
During 4Q 2024, the Euro exchange rate decreased against the Egyptian pound, recording an average of EGP 52.65 compared to 53.28 last quarter. Expectations are that the value of the Euro exchange rate will remain within this range against the EGP in the next quarter.
EGP to British pound sterling (GBP)
During 4Q 2024, the GBP exchange rate slightly increased against the Egyptian pound, recording an average of EGP 63.23 compared to 63.05 last quarter. Forecasts expect that the value of the GBP exchange rate will remain within this range 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 4Q 2024, the EGX 30 indicator witnessed an increase, recording an average of 30,748.68 points compared to 29,630.03 last quarter.
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 4Q 2024, the interest rate remained stable. However, expectations are that it will decrease during the next quarter.
Consumer price index (CPI)
From www.tradingeconomics.com.
The Consumer Price Index (CPI) measures the increase in prices paid by consumers for everyday goods and services. During Q4 2024, CPI increased to an average of 234 points compared to 227 index points in the previous quarter. Forecasts suggest it will increase 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 4Q 2024, Egypt's foreign exchange reserves increased, recording an average of USD 46.9 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.
