{"id":288,"date":"2024-05-27T16:02:40","date_gmt":"2024-05-27T14:02:40","guid":{"rendered":"https:\/\/liftcityexpo.com\/eg\/market-overview\/"},"modified":"2024-05-27T16:02:53","modified_gmt":"2024-05-27T14:02:53","slug":"market-overview","status":"publish","type":"page","link":"https:\/\/liftcityexpo.com\/eg\/market-overview\/","title":{"rendered":"Market Overview"},"content":{"rendered":"\n  \n    <section class=\"u-clearfix u-image u-section-1\" id=\"sec-9f15\" data-image-width=\"2250\" data-image-height=\"1125\" style=\"background-image: url(&quot;https:\/\/liftcityexpo.com\/eg\/wp-content\/uploads\/2024\/05\/TDSWSHomepage.jpg&quot;);\">\n      <div class=\"u-clearfix u-sheet u-valign-middle-xl u-sheet-1\">\n        <img decoding=\"async\" class=\"u-image u-image-contain u-image-default u-image-1\" src=\"https:\/\/liftcityexpo.com\/eg\/wp-content\/uploads\/2024\/05\/W.png\" alt=\"\" data-image-width=\"332\" data-image-height=\"466\">\n        <p class=\"u-align-left u-custom-font u-text u-text-body-alt-color u-text-1\" data-animation-name=\"\" data-animation-duration=\"0\" data-animation-delay=\"0\" data-animation-direction=\"\">MARKET OVERVIEW<\/p>\n        <p class=\"u-custom-font u-text u-text-default u-text-white u-text-2\"> Since 2016, the Egyptian government has implemented an ambitious economic reform program that included financial and monetary reforms aiming to achieve rapid and sustainable growth rates, and an inclusive development for Egypt. This program has provided radical solutions to structural economic problems that the Egyptian economy has been suffering from for many years. <\/p>\n        <p class=\"u-custom-font u-text u-text-body-alt-color u-text-default-lg u-text-default-md u-text-default-xl u-text-3\"> 9.1% Growth Rate Projected till 2028<\/p>\n        <p class=\"u-custom-font u-text u-text-body-alt-color u-text-default u-text-4\"> According to a recent research, Egypt Elevator and Escalator market size is projected to grow at a CAGR of 9.1% during 2022-2028. <br>\n          <br>However, the commercial and residential segments are expected to grow in the future due to an increase in FDI and urbanization across all major countries, which would boost the Egypt elevators and escalators market revenues. <br>\n          <br>Additionally, major hotel chains are expanding their presence across several countries, and large-scale government infrastructure development projects, such as airport expansions, metro expansions, and development of other social infrastructure, are also strengthening the construction sector in the region.\n        <\/p>\n        <div class=\"u-border-2 u-border-white u-container-style u-group u-radius u-shape-round u-group-1\">\n          <div class=\"u-container-layout u-valign-middle-lg u-valign-middle-md u-valign-middle-sm u-valign-middle-xs u-container-layout-1\">\n            <p class=\"u-custom-font u-text u-text-body-alt-color u-text-5\"> These factors would be translated into an increase in the demand for elevators and escalators in Egypt in the near future.<\/p>\n          <\/div>\n        <\/div>\n        <img decoding=\"async\" class=\"u-image u-image-contain u-image-default u-preserve-proportions u-image-2\" src=\"https:\/\/liftcityexpo.com\/eg\/wp-content\/uploads\/2024\/05\/graph.png\" alt=\"\" data-image-width=\"500\" data-image-height=\"500\">\n        <img decoding=\"async\" class=\"u-image u-image-contain u-image-default u-image-3\" src=\"https:\/\/liftcityexpo.com\/eg\/wp-content\/uploads\/2024\/05\/W.png\" alt=\"\" data-image-width=\"332\" data-image-height=\"466\">\n        <p class=\"u-align-left u-custom-font u-text u-text-body-alt-color u-text-6\" data-animation-name=\"\" data-animation-duration=\"0\" data-animation-delay=\"0\" data-animation-direction=\"\">MARKET INSIGHTS<\/p>\n        <p class=\"u-align-left u-custom-font u-text u-text-body-alt-color u-text-7\"> GDP from Construction in Egypt increased to 345.2 EGP Billion in the fourth quarter of 2023 from 275.3 EGP Billion in the third quarter of 2023. <br>\n          <br>GDP from Construction in Egypt averaged 65 EGP Billion from 2007 until 2023, reaching an all time high of 345.2 EGP Billion in the fourth quarter of 2023 and a record low of 7.3 EGP Billion in the first quarter of 2007.\n        <\/p>\n      <\/div>\n    <\/section>\n    <section class=\"skrollable u-clearfix u-image u-parallax u-shading u-section-2\" id=\"sec-4850\" data-image-width=\"640\" data-image-height=\"360\" style=\"background-image: linear-gradient(0deg, rgba(0, 0, 0, 0.55), rgba(0, 0, 0, 0.55)), url(&quot;https:\/\/liftcityexpo.com\/eg\/wp-content\/uploads\/2024\/05\/it.jpg&quot;);\">\n      <div class=\"u-clearfix u-sheet u-valign-middle u-sheet-1\">\n        <p class=\"u-align-left u-custom-font u-text u-text-body-alt-color u-text-1\" data-animation-name=\"\" data-animation-duration=\"0\" data-animation-delay=\"0\" data-animation-direction=\"\">ICONIC TOWER<\/p>\n        <img decoding=\"async\" class=\"u-image u-image-contain u-image-default u-image-1\" src=\"https:\/\/liftcityexpo.com\/eg\/wp-content\/uploads\/2024\/05\/Asset20.png\" alt=\"\" data-image-width=\"337\" data-image-height=\"469\">\n        <p class=\"u-align-left u-custom-font u-text u-text-2\"> A Sample of mega urban projects in construction phase during 2025<br>\n        <\/p>\n        <p class=\"u-align-left u-custom-font u-text u-text-3\"> Administrative Capital<\/p>\n      <\/div>\n    <\/section>\n    \n    \n    \n    \n  \n","protected":false},"excerpt":{"rendered":"<p>MARKET OVERVIEW Since 2016, the Egyptian government has implemented an ambitious economic reform program that included financial and monetary reforms aiming to achieve rapid and sustainable growth rates, and an inclusive development for Egypt. This program has provided radical solutions to structural economic problems that the Egyptian economy has been suffering from for many years. &hellip; <a href=\"https:\/\/liftcityexpo.com\/eg\/market-overview\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Market Overview&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":9,"comment_status":"closed","ping_status":"closed","template":"","meta":{"om_disable_all_campaigns":false,"footnotes":""},"class_list":["post-288","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Market Overview - Lift City Expo Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/liftcityexpo.com\/eg\/market-overview\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Overview - Lift City Expo Egypt\" \/>\n<meta property=\"og:description\" content=\"MARKET OVERVIEW Since 2016, the Egyptian government has implemented an ambitious economic reform program that included financial and monetary reforms aiming to achieve rapid and sustainable growth rates, and an inclusive development for Egypt. 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