Public sector posts 16.3% up in FY2016 construction works: Egypt’s CAPMAS

Egypt’s public sector reported a 16.3 percent increase in its construction works to reach 23.9 million Egyptian pounds ($1.3 million) during the financial year 2015/2016, said the country’s state-run statics agency CAPMAS on Monday.

The value of residential buildings climbed by 5.7 percent to record 2.5 billion pounds during the financial year 2015/2016, compared with 2.4 billion pounds during the financial year 2014/2015.

Moreover, the value of healthcare buildings jumped to 302.3 million pounds during the financial year 2015/2016, compared to 306.0 million pounds during the financial year 2014/2015.

Educational buildings’ value amounted 533.3 pounds million pounds, while road, bridge, and tunnel works rose by 12.4 percent to register around 8.7 billion pounds.