Channel: Country outlook
Egypt: Impact of construction and real estate sectors on glass

2013-08-09 | Country outlook

In this article we get an insider’s view of the present and near future situation of Egypt and its glass market. Growing population, government, domestic and international investments are being carried out in response to demand for flat glass, float glass and glass processing machinery, as well as products, containers and glassware in the MENA Region and Africa, which has doubled since 2004.

The tremendous growth of the population in Egypt is appealing to the high demand for the real estate market and infrastructure projects
The tremendous growth of the population in Egypt, increasing by two per cent annually, and reaching 84.5 million inhabitants, is appealing to the high demand for the real estate market and infrastructure projects, including housing settlements, shopping malls, educational institutions and so on. These are made by the glass and aluminium industries, very important sectors used in construction, furnishing and office buildings, among others.
The Egyptian government is therefore investing in the building, construction and real estate sectors to examine how best to maximize returns in these markets.
Five million houses and property units will be built in the 2012-2017 period, in addition to 250,000 housing units delivered by the end of 2012, thus providing a larger scale and uplift to related industries such as the glass and aluminium industry in these projects.
More domestic and foreign companies and investors linked to the glass and aluminium sectors will invest in the Egyptian market to meet the rising demand of the market.
It is reported by all experts that glass and aluminium consumption is rising rapidly in the MENA Region; there will be huge demand for the glass industry not only in the Egypt, but also in the MENA Region over the next coming years.
The 2013 edition of Glass World is tailored to cope with the African and MENA Region’s fast growing role in the global glass and aluminium industries. Both industries’ demand and consumption is rising rapidly in these regions rea...




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Article taken from Glass-Technology International bi-monthly magazine (6 issues per year)
Year: 2013 number: 3
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2013-08-09
In this article we get an insider’s view of the present and near future situation of Egypt and its glass market. G...

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