
Published online:
24 May 2012
Published in print:
15 November 2011
Online ISBN:
9781617971068
Print ISBN:
9789774164941
Contents
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The Role and Importance of the Construction Industry The Role and Importance of the Construction Industry
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Definition Definition
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The Economic Value of Construction The Economic Value of Construction
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Development and Importance of the Sector in Egypt Development and Importance of the Sector in Egypt
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Development trends Development trends
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Economic contribution of the construction sector Economic contribution of the construction sector
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The construction industry and its relation to GDP growth The construction industry and its relation to GDP growth
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Construction: Obstacles and Challenges Construction: Obstacles and Challenges
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Financing Financing
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Size of Companies Size of Companies
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Human Resources Human Resources
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Cost of Doing Business Cost of Doing Business
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Impact of Macroeconomic Policies Impact of Macroeconomic Policies
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Institutional and Legislative Framework Institutional and Legislative Framework
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Barriers to Exports Barriers to Exports
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Liberalizing the Construction Industry Liberalizing the Construction Industry
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Privatization Privatization
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Profitability Profitability
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Investments Investments
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Liquidity Liquidity
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Leverage Leverage
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Activity Activity
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Liberalization under GATS Liberalization under GATS
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Potential benefits and risks Potential benefits and risks
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Schedule of commitments in construction Schedule of commitments in construction
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Conclusion and Policy Recommendations Conclusion and Policy Recommendations
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Appendix Appendix
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Notes Notes
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References References
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Chapter
3 The Construction and Related Engineering Services in Egypt: Challenges and Policies
Get access
Pages
103–154
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Published:November 2011
Cite
Ehwany, Naglaa El, 'The Construction and Related Engineering Services in Egypt: Challenges and Policies', in Hanaa Kheir-El-Din, and Naglaa El Ehwany (eds), Toward More Efficient Services in Egypt: Reforming Tourism, Construction, Information Technology, Wholesale and Retail, Roads, and Banking Services (Cairo , 2011; online edn, Cairo Scholarship Online, 24 May 2012), https://doi.org/10.5743/cairo/9789774164941.003.0004, accessed 27 Apr. 2025.
Abstract
This chapter emphasizes that in developing countries, the construction industry plays a vital role in terms of its contribution to GDP, investment, employment, and exports, and because of its strong linkages with other sectors in the economy. Evidence suggests that the role of the construction industry as an agent for promoting economic growth is rather modest, and that it produces limited development benefits. The chapter tests this hypothesis.
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