The Egyptian construction and real estate sector has solidified its position as the main driver of foreign direct investment (FDI) attraction, generating $35.8 billion during the 2024 fiscal year, according to Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI). This result, largely driven by the historic Ras El Hekma agreement, represents nearly 76% of net FDI inflows.
Speaking at the 3rd edition of the “The Investor… Real Estate” conference, held on September 16, 2025 in Cairo, Mr. Heiba emphasized that this momentum is accompanied by a 20% year-on-year increase in the number of newly established construction companies, reaching 2,856 in 2024 compared to 2,375 in 2023. He also highlighted that urban development is at the core of Egypt’s Vision 2030, aiming to build a competitive, inclusive, and sustainable economy.
During the same event, Tarek Shoukry, president of the Real Estate Promotion Chamber of the Federation of Egyptian Industries, highlighted the remarkable growth of the sector. The number of real estate developers has increased from 270 in 2015 to nearly 15,000 today, while the urbanization rate has doubled to reach 14% in 2024. Despite macroeconomic challenges, real estate prices have multiplied by ten, or even twenty in some cases, consolidating the sector as a strategic store of value.
Tarek Shoukry also advocated for the creation of an independent regulatory authority and the adoption of a law aiming to establish a real estate developers’ union, in order to better regulate the market, protect buyers, and ensure professional standards.
