22 Hrs
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Egyptian building materials turn trade deficit to surplus
The manufacturing of building materials in Egypt has successfully shifted the trade balance from a deficit of nearly two billion dollars in 2021 to a surplus approaching one billion dollars in 2025. Exports have grown to approximately 14.9 billion dollars, while imports are estimated at 13.9 billion dollars. The country's strategy has focused on domestic industry localization, with new investments such as the first glass factory in the Suez Canal Economic Zone, with an investment of 175 million euros, and a gypsum board factory in Sadeed, with investments of 40 million euros. The aim is to reduce dependency on imports and increase global competitiveness. Additionally, the government is moving towards adopting the concept of green architecture to enhance industry efficiency and reduce production costs by up to 20%. The sector is expected to grow at an annual rate of about 6.3% during the period from 2026 to 2035, driven by infrastructure, energy, and transportation projects valued at around 166.6 billion dollars.
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